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Hong Kong's New Green And Sustainable Finance Grant Scheme Begins May 10 - Finance and Banking


On May 4, 2021, the Hong Kong Monetary Authority
(
GSF Grant Scheme), which will consolidate Hong
Kong s existing Pilot Bond Grant Scheme and Green Bond Grant
Scheme into one new program. According to the Chief Executive of
the HKMA, Mr. Eddie Yue:
The global green bond market has grown from
practically non-existent ten years ago to US$270 billion in 2020.
In Hong Kong, we have taken early and proactive steps to strengthen
Hong Kong s position as a regional green and sustainable
finance hub, including the issuance of two rounds of Government
green bonds since 2019 and the establishment of the Green and
Sustainable Finance Cross-Agency Steering Group to coordinate ....

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