Hong Kong Green and Sustainable Finance Cross-Institutional Supervisory Group announced the strategic priorities for 2026 to 2028.

On January 29, the Hong Kong Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) held its twelfth meeting, setting the strategic focus for 2026 to 2028 to further strengthen Hong Kong's role as a competitive and future-oriented sustainable financial center. The strategic focus of the Steering Group for the next three years is based on the solid foundation laid by the 2023 to 2025 work plan and revolves around two main pillars: 1. Strengthening and deepening Hong Kong's role as a sustainable financial center: enhancing the sustainable disclosure ecosystem, including sustainable verification, supporting high-quality transition plan disclosures, and effective use of technology; expanding and deepening sustainable financial markets by promoting cross-border sustainable fund flows through Hong Kong and enhancing cross-border carbon market cooperation; enhancing international exchanges by actively organizing events and participating in international dialogues; introducing skills training measures to support talent development. 2. Expanding Hong Kong's advantages in emerging areas: expanding the scale of transformation finance by providing practical guidance, tools, and case studies, and encouraging the industry to adopt transformation plans more broadly; supporting climate adaptation finance by preparing markets, identifying relevant capacity gaps, supporting product innovation and development, while strengthening the evaluation capacity of physical risks. Eddie Yue, Co-Chair of the Steering Group and Chief Executive of the Hong Kong Monetary Authority (HKMA), said, "Hong Kong's sustainable financial market has made significant progress in recent years. The focus of work from 2026 to 2028 will further consolidate the robust foundation we have established for the sustainable financial ecosystem, and position Hong Kong to seize the emerging opportunities for Asia to move towards a low-carbon and climate-resilient economy." Ashley Alder, Co-Chair of the Steering Group and Chief Executive of the Securities and Futures Commission of Hong Kong (SFC), said, "These new focus areas demonstrate our ongoing commitment to ensuring that Hong Kong continues to align with international standards, possesses a forward-looking vision, and actively responds to market demands. Strengthening disclosure and promoting the development of transformation finance are crucial to supporting the financial system in achieving credible outcomes and establishing a transparent and science-based path forward." At the meeting, members also reviewed the implementation of the "Hong Kong Sustainable Disclosure Roadmap," including progress on sustainable verification work and various initiatives to strengthen the sustainable disclosure ecosystem. Members also acknowledged the efforts of the Steering Group in developing Hong Kong as a leading hub for sustainable and transformation finance, including optimizing the "Hong Kong Sustainable Finance Taxonomy," developing guidelines for the banking sector transformation plan, promoting carbon market development, and organizing large-scale sustainable finance events in Hong Kong. Established in May 2020, the Steering Group is jointly led by the HKMA and the SFC, with members including the Hong Kong Financial Services and the Treasury Bureau, the Hong Kong Environmental and Ecology Department, the Hong Kong Insurance Authority, the Hong Kong Mandatory Provident Fund Schemes Authority, the Hong Kong Institute of Certified Public Accountants and Chartered Accountants, and Hong Kong Exchanges and Clearing Limited. The Steering Group aims to coordinate the financial industry's responses to climate and environmental risks, accelerate the development of green and sustainable finance in Hong Kong, and support the government's climate strategy.