Hong Kong ESG fund assets under management reach HKD 13 trillion, with a year-on-year increase of 19% in the number of ESG funds

In the first half of 2023, the asset under management of Hong Kong's ESG funds exceeded HKD 1.3 trillion, with the number of funds increasing by 19% year-on-year and total assets under management rising by 8%. The Hong Kong government has proposed five major measures to promote green finance, including issuing green bonds, formulating climate-related disclosure guidelines, talent training, financial technology, and a sustainable finance taxonomy. Since 2019, the Hong Kong government has issued approximately HKD 220 billion in green bonds and launched funding programs to support the issuance and review services of green bonds, enhancing Hong Kong's competitiveness in the international sustainable finance sector