A Paradigm Shift Towards a Green and Sustainable Finance Center

3 The Hong Kong Green Finance Policy Research Series The primary objective of this series is to provide recommendations for developing Hong Kong into a leading green finance center, aligning with its status as a premier international financial hub. The project has produced three key deliverables: (1) Hong Kong in Transition: A Paradigm Shift Towards a Green and Sustainable Finance Center; (2) Hong Kong’s Transition Towards a Green and Sustainable Finance Center: Building a World Top Green and Sustainable Bond Hub; and (3) International Experiences in Green Finance Development: Lessons for Hong Kong. Acknowledgments This publication is a joint effort of HKUST and HKUST(GZ). We would like to thank the Strategic Public Policy Research Funding Scheme (project no. S2019. A7.007.19S), which is administrated by the Chief Executive’s Policy Unit, and the Theme-based Research Scheme (project no. T31-603/21-N), which is administrated by the Research Grants Council (RGC). Special appreciation is extended to the organization that offered invaluable professional insights for the compilation of this report: • Hong Kong Financial Services Development Council • Hong Kong Green Finance Association • Hong Kong Quality Assurance Agency • Bank of China (Hong Kong) Limited • PricewaterhouseCoopers (PwC)