FINANCIAL SERVICES | Staff Reporter, Hong Kong

Government launches Green Bond Grant Scheme

It subsidises green bond issuers in obtaining certification.

The government rolled out the Green Bond Grant Scheme, an initiative revealed in the 2018-19 budget that subsidises eligible green bond issuers in obtaining certification under the Green Finance Certification Scheme established by the Hong Kong Quality Assurance Agency (HKQAA). 

Also read: Hong Kong eyes $100b fund for green financing

The full cost of obtaining certification under the three-year scheme for eligible green bond issuances will be granted with up to a $800,000 per issuance.

First time and repeat issuers with their green bonds of any tenor issued and listed in Hong Kong, and denominated in any currency at a minimum size of $500m, are welcome to apply.

“The enhanced transparency and accreditation standards of green financial products will be conducive to strengthening market confidence in green finance and help establish Hong Kong as a global green finance hub,” the Financial Services & Treasury Bureau said in a statement.

Launched last January, the Green FInance Certification Scheme aims to support environmentally-friendly investments through the provision of third-party conformity assessments for green finance issuers.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.