The Current Situation and Opportunities for the Development of Green Finance in Hong Kong: Taking Green Bonds as an Example

Abstract

On 1 July 2022, the sixth Government of the Hong Kong Special Administrative Region took office, and the construction of a more prosperous, stable, and sustainable Hong Kong has become the consensus of many parties, indicating that a new era of Hong Kong's financial and economic development has been established Arrival. According to Hong Kong's commitments under the Paris Agreement, the development of the financial industry has already entered a new era - green finance. Green finance is an important step taken in line with the needs of the ecological environment; the purpose is to guide the flow of funds to save environmental resources and protect the ecological environment industry, guide enterprises to pay attention to green environmental protection in production and operation, and guide consumers to form a green consumption concept. This article takes green bonds as an example through the analysis of the development status and advantages of green finance in Hong Kong and then looks forward to the development prospects and opportunities of green finance in Hong Kong.