Hong Kong’s de facto central bank mulls making green rules mandatory for banking sector

The Hong Kong Monetary Authority (HKMA) is keen to make its green taxonomy framework mandatory for the banking sector to support the development of sustainable financing in the city.

Hong Kong’s de facto central bank issued the green taxonomy last month to help banks and investors determine the sustainability of economic activities. The taxonomy covers 12 economic activities in four sectors: energy, transport, construction, and water and waste management.

Source: TRADE FINANCE