Lates News

On September 17, Chief Executive Carrie Lam of the Hong Kong Special Administrative Region delivered the 2025 Policy Address at the Legislative Council. Lam stated that the Hong Kong Stock Exchange's launch of the international carbon trading platform Core Climate in 2022 is the world's only platform for voluntary carbon credit trading settled in Hong Kong dollars and Renminbi. In the future, there will be enhanced cooperation and experiments on cross-border trading settlement paths with the carbon market in the Greater Bay Area to build a regional carbon market ecosystem. Hong Kong will also work with mainland regulatory authorities and institutions to study matters related to China's participation in the international carbon market, including the establishment of voluntary carbon credit standards and methods, as well as the registration, trading, and settlement of carbon emission reduction.