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).
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.
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