The National Green Development Fund is on a hiring spree and will set up a new investment management unit, a source revealed.
De-risking and green securitisation will help unlock much-needed institutional capital for sustainable infrastructure projects in Asia, say executives at multilateral development banks.
Backed by government action to remove regulatory bottlenecks, the city is moving swiftly to ensure ease of doing business for international firms.
Hong Kong is competing with many of its regional peers to develop itself into a green finance hub. But there is one thing that the city should first do to realise this ambition.
A rising number of Australian companies look set to turn to green financing to take advantage of a growing investor and bank willingness to offer such lending.
The city's regulator and central bank must introduce guidance and rules more aggressively if they want to show that Hong Kong is committed to green finance, say industry participants.