According to Odaily Planet Daily, the Hong Kong Monetary Authority announced the launch of a sustainable finance action plan, setting eight major goals:
1. All banks commit to achieving net zero emissions in their own operations by 2030 or earlier, and net zero emissions in their financing by 2050 or earlier.
2. All banks increase transparency on climate-related risks and opportunities.
3. The Exchange Fundâs âportfolioâ achieves net zero emissions by 2050 or earlier.
4. Support regional transformation through investment.
5. Develop Hong Kong into a preferred sustainable development financing platform in the region and the world.
6. Catalyze innovation in sustainable finance.
7. Support high-quality and comprehensive sustainability disclosure.
8. Fill the talent and knowledge gap in sustainable finance in the region.
