CGT Research Series Phase 1: Principles for advancing the adoption of the Common Ground Taxonomy in Hong Kong SAR and the Greater Bay Area

Year Published

2022

Contributing Organizations

Hong Kong Green Finance Association (HKGFA)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Taxonomies

Topic 2

Climate Policy & Policy Engagement

Topic 3

Transition Finance

Target Audience

All

Relevant Geography

Asia & the Pacific

Resource Description

This resource explores adoption of the Common Ground Taxonomy (CGT) in Hong Kong SAR and the Greater Bay Area (GBA), highlighting opportunities, challenges, and guiding principles for aligning with global sustainable finance practices.

Why This Matters

Adopting the Common Ground Taxonomy in Hong Kong SAR and the GBA supports alignment with global sustainable finance practices, enabling cross-border capital flows, reducing transaction costs, and enhancing market transparency. It strengthens the region’s role as a bridge between Chinese and international green finance markets.

Key Insights

CGT can position Hong Kong as a global hub by packaging Chinese green assets for international investors and cutting transaction costs through common definitions
Benefits include enabling cross-border capital flows and improving green bond market infrastructure

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