Climate risk management will be a standing item in annual prudential meetings with banks. The CAMEL rating framework will be updated.
July 1, 2022The regulations, effective on 1 July, will support the establishment of evaluation, identification and classification standards for green finance products and projects.
July 1, 2022NovA! will initially be used for ESG risk assessments when originating, underwriting and servicing sustainability-linked loans for the real estate sector.
June 22, 2022Hong Kong will develop a GHG emissions estimation tool, a green classification framework, and adopt the ISSB standards when they're ready.
June 22, 2022China’s new National Climate Adaptation Strategy 2035 New Climate Adaptation Strategy encourages financial institutions to innovate and expand solutions.
June 20, 2022Singapore authorities have published a framework setting out how the government will issue and manage sovereign green bond issuances.
June 10, 2022Guangzhou's financial regulator will seek to attract talent and capital to the city and promote it as a wealth and asset management centre.
June 9, 2022Huaneng, Hualu Group and Baosteel have become the first companies to transition bonds, marking the official launch of the pilot programme.
June 9, 2022BOCHK, Citi, Crédit Agricole CIB, HSBC and StanChart will work closely with IFC and HKMA to advocate client adaptation and promote green finance.
June 8, 2022Banks and insurers are instructed to have their green finance management systems and procedures in place by 1 June 2023.
June 6, 2022