The Hong Kong Green Finance Association (HKGFA) has unveiled its latest report, titled “Green Technology Landscape in Hong Kong: Opportunities for Finance,” during the HKGFA-InvestHK Green Tech Landscape in HK: Opportunities for Finance event. The report, developed by the Green Technology, Data, and Infrastructure Workstream under the HKGFA Product Innovation and Solutions Working Group, aims to guide businesses and finance practitioners in identifying green technology opportunities and scaling investments in sustainable solutions.
The report highlights the global demand for approximately USD 275 trillion in investments over the next three decades to support the transition to a low-carbon economy. It emphasises Hong Kong’s strategic position as a hub for green technology development, supported by its strong capital markets and government initiatives aimed at fostering innovation in sustainability.
Covering six key sectors—energy, environment and waste, building and construction, transportation, manufacturing and materials, and fintech—the report provides insights into market opportunities and the technical readiness of green technologies. It also outlines strategies to enhance the adoption of green solutions in Hong Kong and the Greater Bay Area (GBA) through public-private partnerships and government support.
The report presents five recommendations to bolster the green technology landscape in Hong Kong. The first recommendation is to establish government-funded schemes to co-invest with the private sector in developing energy-efficient technologies and accelerate their commercialisation through public-private partnerships, blended finance, or concessional funding.
It also calls for the implementation of government financing schemes to subsidise small and medium enterprises (SMEs) for sustainable loan issuances and external review costs associated with adopting carbon-reducing technologies.
The report further recommends the enhancement of government procurement programmes to prioritise green technologies and low-carbon products. Additionally, it calls for creating a platform for green technology and fintech firms in Hong Kong and the GBA to connect with funding bureaus, incubators, accelerators, and private financiers. A cross-agency body would oversee collaboration and engagement to build a vibrant green technology ecosystem.
The final recommendation is to form an inter-departmental working group to develop a comprehensive work plan for green technology development, including setting KPIs and implementation mechanisms.
Dr Ma Jun, Chairman and President of the HKGFA, described the report as a critical resource for stakeholders navigating the dynamic landscape of green technology and finance.
“This report highlights the vast financing opportunities in green technology and underscores Hong Kong’s potential as a leading international hub for green tech and green finance. By fostering collaboration and building a robust green finance ecosystem, we can channel capital towards innovations and solutions that drive economic growth while addressing climate challenges,” Dr Ma said.
