We're excited to share insights from the most updated The Chief Executive's 2024 Policy Address, the highlight of Hong Kong's pivotal role in sustainable finance this year includes:
🔹 Leading Sustainable Finance Hub: With the establishment of HKEX's global carbon market (Core Climate), Hong Kong continues to lead Asia as the only carbon market in the world that allows international voluntary carbon credits to be settled in both HKD and RMB.
🔹 Sustainable Finance Action Agenda: In an effort to strengthen the commitment to green finance, the HKMA will roll out this agenda. This year, the FSTB will present a path for completely implementing the ISSB Standards, making Hong Kong one of the first places in the world to match local needs with these international standards.
Regarding the above-mentioned approaches, PAL Advisory Limited is proud to support these initiatives driving sustainability and transparency in finance. Let's lead the way to a greener future! 🌍💚