International Experiences in Green Finance Development: Lessons for Hong Kong
"The Hong Kong Green Finance Policy Research Series" is a joint research report series by The Hong Kong University of Science and Technology (HKUST) and HKUST (Guangzhou) that analyzes Hong Kong’s progress and outlines steps to enhance its role as a green finance leader. The research draws on a longitudinal study on Hong Kong and a large-scale field study in leading global green finance centers, emphasizing the need for Hong Kong to fine-tune its strategies in this critical domain.
Extracting lessons for Hong Kong from these green finance centers, the research team has suggested four critical imperatives for driving Hong Kong's transformation into a leading green finance hub. These include (1) formulating clear policies to articulate its green finance objectives and devise actionable plans to achieve them, (2) establishing coordinated mechanisms at all levels to foster collaboration and synergy across stakeholders, (3) diversifying the financial system by tailoring green standards to its unique socio-economic landscape, and promoting interoperability with other markets, and (4) cultivating talent by prioritizing incentives for green finance education and engagement with international initiatives. This report is recommended to be read in conjunction with "Hong Kong in Transition: A Paradigm Shift Towards a Green and Sustainable Finance Center" and "Hong Kong’s Transition Towards a Green and Sustainable Finance Center: Building a World Top Green and Sustainable Bond Hub", both part of the same series.
Extracting lessons for Hong Kong from these green finance centers, the research team has suggested four critical imperatives for driving Hong Kong's transformation into a leading green finance hub. These include (1) formulating clear policies to articulate its green finance objectives and devise actionable plans to achieve them, (2) establishing coordinated mechanisms at all levels to foster collaboration and synergy across stakeholders, (3) diversifying the financial system by tailoring green standards to its unique socio-economic landscape, and promoting interoperability with other markets, and (4) cultivating talent by prioritizing incentives for green finance education and engagement with international initiatives. This report is recommended to be read in conjunction with "Hong Kong in Transition: A Paradigm Shift Towards a Green and Sustainable Finance Center" and "Hong Kong’s Transition Towards a Green and Sustainable Finance Center: Building a World Top Green and Sustainable Bond Hub", both part of the same series.
Public Awareness and Perception of Virtual Assets
Virtual assets are digital representations of value that can be traded or used for investment or payment, not including digital versions of traditional financial assets such as currencies or securities.¹ Since cryptocurrencies and other types of virtual assets have gained popularity as investment vehicles, the Hong Kong SAR government has recognised their potential to promote innovation and growth in the financial sector and has taken steps to examine ways to support the healthy development of the virtual asset industry.
