HKMA-led Steering Group sets 2026-2028 sustainable finance priorities
The Green and Sustainable Finance Cross-Agency Steering Group, co-chaired by the Hong Kong Monetary Authority and the Securities and Futures Commission, has set its strategic priorities for 2026 to 2028. The group aims to further strengthen Hong Kong's position as a competitive and future-ready sustainable finance centre.
Charting the next three years
The Steering Group, co-chaired by the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), has outlined its strategic priorities for 2026 to 2028, building on the foundation of its previous plan.
HKMA Chief Executive Eddie Yue noted that Hong Kong's sustainable finance market has seen significant development.
He stated that the new priorities will reinforce the groundwork for a robust sustainable finance ecosystem and position Hong Kong to capture emerging opportunities in Asia's transition to a low-carbon and climate-resilient economy.
SFC Chief Executive Officer Julia Leung emphasized that the priorities ensure Hong Kong remains globally aligned and responsive to market needs.
She highlighted that enhancing disclosures and scaling transition finance are essential for transparent, science-based pathways across the financial system.
Progress on the Roadmap
Members of the Steering Group also reviewed the progress made on the implementation of the Roadmap on Sustainability Disclosure in Hong Kong, including ongoing work on sustainability assurance and initiatives to strengthen the sustainability disclosure ecosystem.
Significant strides have been made in establishing Hong Kong as a leading hub for sustainable and transition finance.
This includes enhancing the Hong Kong Taxonomy for Sustainable Finance, developing transition planning guidance for the banking sector, fostering a carbon market, and hosting major sustainable finance events.
The Steering Group, established in May 2020 and co-chaired by the HKMA and the SFC, coordinates climate and environmental risks, accelerates green and sustainable finance growth, and supports the Government's climate strategies.
Solidifying Hong Kong's green ambitions
The Steering Group's new priorities provide a clear, actionable framework for Hong Kong's sustainable finance development over the next three years.
This strategic focus, particularly on disclosures and transition finance, is crucial for maintaining global alignment and attracting capital.
While progress is evident, the continued emphasis on implementation will be key to realizing Hong Kong's full potential as a regional green finance hub.