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HKMA Advances Green Finance with Phase 2A Taxonomy Prototype
HKMA Advances Green Finance with Phase 2A Taxonomy Prototype
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BTCCSquare news:
The Hong Kong Monetary Authority (HKMA) has opened public consultation on its Phase 2A prototype for the Hong Kong Taxonomy for Sustainable Finance. This update expands sector coverage to include manufacturing and ICT, bringing the total to six sectors, while adding 13 new economic activities to the framework.
The enhanced taxonomy aims to combat greenwashing and direct capital flows more effectively toward sustainable projects. Hong Kong solidifies its position as Asia's premier green finance hub, with the revised framework expected to accelerate the city's low-carbon transition.
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