Northern Metropolis Financial Advisory Taskforce holds inaugural meeting

On Wed, 17 Jun 2026, the Northern Metropolis Financial Advisory Taskforce convened its inaugural session. Participants included representatives from the HKMA, HKAB, DEVB, ITIB, Hong Kong-Shenzhen Innovation and Technology Park Limited, and 21 Taskforce banks. The primary agenda focused on recent Northern Metropolis advancements and associated financial service requirements.

Northern Metropolis Financial Advisory Taskforce Established jointly by the HKMA and HKAB in April 2026, the Taskforce aims to enhance collaboration between the banking sector, the SAR Government, and stakeholders to support Northern Metropolis development through financing. Membership comprises HKMA, HKAB, and 21 banks with large-scale project financing experience. Observers include the Chinese Banking Association of Hong Kong and the Infrastructure Financing and Securitisation Unit of the Hong Kong Mortgage Corporation Limited.

Project Development and Financing Opportunities The DEVB and ITIB outlined key projects and financing needs for the next three years, including four land parcels in Phase 1 of the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone and the first pilot area in Hung Shui Kiu/Ha Tsuen New Development Area, both currently under tender. This information facilitates bank participation via syndicated lending, bond underwriting, and ancillary services to support project development and resource allocation.

Tailored Financing Solutions Recognizing that Northern Metropolis projects utilize diverse development models, such as large-scale land disposal and public-private partnerships via industry park companies, financing tenors, scopes, and operating models may differ from conventional projects. Participating banks committed to providing tailored financing solutions to accelerate industrial development and attract upstream and downstream enterprises.

Sustainable Finance Commitments Banks pledged to reference the Hong Kong Nature-based Solutions Design Guidelines (introduced March 2026 by CEDD and AFCD) and the HKMA’s Sustainable Finance Action Agenda (published October 2024). These frameworks guide sustainable finance solutions meeting international green standards, supporting development-conservation co-existence and enhancing the banking sector’s climate resilience.