HONG KONG - Hong Kong's Securities and Futures Commission (SFC) on Friday announced its strategic framework to contribute to the development of green finance in Hong Kong.
A priority is to enhance listed companies' consistent and comparable disclosure of environmental information, with an emphasis on climate-related risks and opportunities
A priority is to enhance listed companies' consistent and comparable disclosure of environmental information, with an emphasis on climate-related risks and opportunities.
The SFC will also work on ways in which asset managers make clear to investors how and to what extent they factor environmental criteria into their investment processes and risk assessments.
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"Hong Kong has an opportunity to be at the leading edge of global development in green finance," said the SFC CEO Ashley Alder, believing that Hong Kong is uniquely positioned to complement the mainland's green development ambitions and connect green finance flows between the Chinese mainland and the rest of the world.
These initiatives will complement and build onto existing initiatives to promote green bonds.
In addition, the SFC will work to facilitate the development of a wider range of green investment opportunities through internationally-compatible disclosure guidance to ensure the credibility of green product offerings in Hong Kong.
It will also work closely with Hong Kong Exchanges and Clearing Limited on how it can develop and promote the listing and trading of green financial products including bonds, indices and derivatives.
The SFC will promote Hong Kong as a leading center for green finance by participating actively in international initiatives and exploring opportunities for cooperation with environmental authorities.
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