On Fri, 30 Jan 2026, the Cross Agency Steering Group announced strategic priorities for 2026 to 2028 to enhance Hong Kong's role as a sustainable finance center. They focused on consolidating efforts to solidify Hong Kong as a sustainable finance center, expanding sustainable finance markets, strengthening external engagement, and supporting talent development. Additionally, they aimed to develop Hong Kong's strengths in emerging areas such as transition and adaptation finance.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On Fri, 30 Jan 2026, the Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) announced its strategic priorities for 2026 to 2028, focusing on bolstering Hong Kong’s position as a competitive and future-ready sustainable finance hub.
The Steering Group’s priorities center on two core pillars: 'Consolidating and fortifying Hong Kong’s position as a sustainable finance center' and 'Harnessing and expanding Hong Kong’s strengths in emerging sustainable finance sectors.'
Under the first pillar, key areas include bolstering the sustainability disclosure ecosystem, promoting high-quality transition plan disclosure, leveraging technology effectively, broadening and deepening sustainable finance markets through facilitating sustainable capital flows, enhancing cross-border carbon market collaboration, and bolstering external engagement through events and global dialogues. They also support talent development through capacity building initiatives.
The second pillar focuses on scaling transition finance with practical guidance, enabling tools, and case studies, fostering wider industry adoption of transition planning. Additionally, it aims to support adaptation finance by building market readiness, identifying capability gaps, driving product innovation, strengthening physical risk assessment capabilities, and scaling transition finance.
Mr. Eddie Yue, Co-Chair of the Steering Group and Chief Executive of the Hong Kong Monetary Authority ("HKMA"), underscored the significance of Hong Kong’s sustainable finance market development and the 2026 to 2028 priorities in constructing a resilient sustainable finance ecosystem. Ms. Julia Leung, Co-Chair of the Steering Group and Chief Executive Officer of the Securities and Futures Commission ("SFC"), emphasized Hong Kong’s commitment to maintaining global alignment and responsiveness to market needs.
The meeting also reviewed the implementation progress of the Roadmap on Sustainability Disclosure in Hong Kong, ongoing work on sustainability assurance, and initiatives to strengthen the sustainability disclosure ecosystem. Notable strides include the enhancement of the Hong Kong Taxonomy for Sustainable Finance, the development of transition planning guidance for the banking sector, and the hosting of major sustainable finance events. These efforts have positioned Hong Kong as a leading hub for sustainable and transition finance.
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