Hong Kong’s investment arm will give priority to investments in tech and advanced manufacturing after receiving over 100 investment proposals from venture capital funds and asset managers.
De-risking and green securitisation will help unlock much-needed institutional capital for sustainable infrastructure projects in Asia, say executives at multilateral development banks.
Hong Kong is competing with many of its regional peers to develop itself into a green finance hub. But there is one thing that the city should first do to realise this ambition.
A rising number of Australian companies look set to turn to green financing to take advantage of a growing investor and bank willingness to offer such lending.
The city's regulator and central bank must introduce guidance and rules more aggressively if they want to show that Hong Kong is committed to green finance, say industry participants.
Hong Kong's seeming indifference to environmental, social and governance principles could rapidly shift to heavy engagement, courtesy of China's rising interest in green finance.
The nation committed to developing green finance during the G20 Leaders Summit, but needs to firmly set out its definition of the concept to gain international investor capital.