News

Staff Reporter

, Hong Kong

Published:

13 days ago

Photo by Nicole Henderson via Unsplash.

Hong Kong extends green and sustainable finance grant scheme for 3 years

The grant scheme will also expand to cover transition bonds and loans.

The Hong Kong Monetary Authority (HKMA) has extended its Green and Sustainable Finance Grant Scheme (GSF Grant Scheme), which provides subsidies for eligible green and sustainable debt issuance in the city.

Launched in May 2021, Hong Kong’s financial secretary had proposed extending the grant scheme by three years to 2027 during the 2024-25 Budget.

ALSO READ: How banks should rethink pricing

The GSF Grant Scheme is also expanding the scope of subsidies to cover transition bonds and loans with a view to encouraging relevant industries in the region to make use of Hong Kong’s transition financing platform as they move towards decarbonisation.

The extension is effective 10 May 2024.

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Hong Kong Monetary Authority

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