Ultimate magazine theme for WordPress.
BTC
$17,053.14
-0.15%
ETH
$1,262.58
-1.17%
LTC
$81.01
+5.24%
DASH
$46.78
+4.35%
XMR
$145.08
+0.8%
NXT
$0.00
-0.15%
ETC
$19.59
+0.82%
DOGE
$0.10
-1.25%
ZEC
$45.92
+0.07%
BTS
$0.01
-5.21%
DGB
$0.01
-0.82%
XRP
$0.39
+0.05%
BTCD
$50.00
0%
PPC
$0.37
-3.42%
CRAIG
$0.00
-0.15%
XBS
$0.33
-1.17%
XPY
$0.00
0%
PRC
$0.00
0%
YBC
$1,058.97
0%
DANK
$0.00
-0.15%

Hong Kong regulator announces new green finance measures

It also established the Center for Green and Sustainable Finance (CGSF) to take new measures to promote the development of green finance in Hong Kong. The CGSF aims to help the financial sector manage the risks and seize the opportunities of climate change, which will also serve as a repository for resources, data and analytics that aid in the transition to more sustainable development.

According to a statement from the HKMA, the steering committee aims to make progress in making climate-related disclosures mandatory in relevant sectors in line with the Task Force on Climate-related Financial Disclosures (TCFD) framework.

It has established a Carbon Market Work Stream (CMWS) to assess the feasibility of developing Hong Kong as a regional carbon trading center to strengthen cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area. The CMWS will look for opportunities arising from the cap-and-trade carbon market and the voluntary carbon market in China and beyond.

John Yeap of Pinsent Masons, the law firm behind Out-Law, said: “These recent announcements, further advancing the city in its ambition to be a leading green finance hub in the region, illustrate Hong Kong’s focus and commitment It already has all the essential ingredients needed to make it happen, such as an open economy and a stable and robust convertible currency, as well as well-developed legislation that gives investors confidence in the city’s ability to fair and quickly resolve any disputes.”

“However, an inevitable fact is that there will be a separation between the jurisdiction of transaction, Hong Kong, and the jurisdiction of investment activity, which will most likely be mainland China. In this regard, progress in establishing the Greater Bay Area with harmonization in areas such as regulatory and standard compliance will be an important element in achieving Hong Kong’s ambition,” he said.

The steering committee launched its green finance plan in December 2020, under which financial institutions, including banks, asset managers, insurance companies and pension managers, have increased their climate-related disclosure commitments in Hong Kong.

The steering committee was established in May by the HKMA and the Securities and Futures Commission (SFC) with the aim of bringing about a more coordinated approach to climate and environmental risk management in the financial sector and driving the growth of green and sustainable finance in Hong Kong. accelerate .

Comments are closed.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.

Game situs slot online resmi