HKMA announces guideline on the Green and Sustainable Finance Grant Scheme (GSF Grant Scheme)
The Hong Kong Monetary Authority (HKMA) today released a guideline on
the Green and Sustainable Finance Grant Scheme (GSF Grant Scheme) as
announced in the 2021-22 Budget.
The GSF Grant Scheme will
provide subsidy for eligible bond issuers and loan borrowers to cover
their expenses on bond issuance and external review services. It will
commence on 10 May 2021 and last for three years.
guideline on the GSF Grant Scheme is set out in this link.
Commenting on the GSF Grant Scheme, Mr Eddie Yue, Chief
Executive of the HKMA, said, “The global green bond market has grown
from practically non-existent ten years ago to US$270 billion in 2020.
In Hong Kong, we have taken early and proactive steps to strengthen
Hong Kong’s position as a regional green and sustainable finance hub,
including the issuance of two rounds of Government green bonds since
2019 and the establishment of the Green and Sustainable Finance Cross-
Agency Steering Group to coordinate cross-agency market development
efforts. The launch of a new Green and Sustainable Finance Grant
Scheme to support green and sustainable bond issuance and lending will
further enrich the green and sustainable finance ecosystem in Hong
Kong. ” Hong Kong Monetary Authority 4 May 2021
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