The Green and Sustainable Finance Cross-Agency Steering Group today announced six key areas for strengthening the financial ecosystem. They include strengthening climate-related financial risk management, promoting the flow of climate-related information to facilitate risk management, capital allocation and investor protection, as well as improving capacity building for the financial services industry, and raising public awareness. Other focuses include encouraging innovation and exploring initiatives to facilitate capital flows towards green and sustainable causes, capitalizing on mainland opportunities to develop Hong Kong into a green finance center in the Greater Bay Area, and strengthening regional and international collaboration.

Source: The Standard December 17, 2020 10:30 UTC