MARKETS & REGULATION

HKEX’s STAGE provides information, access and transparency on a wide range of sustainable, green and social investment products. HKEX also launched Core Climate, Hong Kong’s international carbon marketplace, which enables participants to source, hold, trade, settle and retire voluntary carbon credits.

The Hong Kong Taxonomy for Sustainable Finance (Hong Kong Taxonomy) was published by the HKMA on 3 May 2024.  Developed based on the Common Ground Taxonomy, the Hong Kong Taxonomy facilitates easy navigation across the green taxonomies of Mainland China and the EU. The development has been guided by the principles of interoperability, comparability and inclusiveness. It serves as a pivotal tool to raise awareness about green finance, promote common understanding on green activities, facilitate green finance flows, and provide a foundation for further applications.

The Hong Kong Taxonomy is a living document. The first phase encompasses 12 economic activities under four sectors, namely power generation, transportation, construction, and water and waste management – the major sources of emissions that take up a relatively large share of sustainable investment in Hong Kong.  For the next step, the HKMA will seek to expand the coverage of the taxonomy to include more sectors and activities, including transition activities.