HKMA publishes sustainable finance taxonomy
Hong Kong extends scope of green bond subsidy and develops climate risk assessment tool
The Hong Kong Monetary Authority (HKMA) has published a new green finance taxonomy to help assess the environmental impact of financial instruments.
The HKMA also announced it would expand a subsidy for issuing green financial instruments and work on a climate risk assessment tool for banks.
It published the finalised taxonomy on May 3, after gathering feedback on a prototype in May last year. The Hong Kong Taxonomy covers 12 economic activities in four sectors: power generation, transportation
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