Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Tuesday) it has signed a Memorandum of Understanding (MOU) with Guangzhou Emissions Exchange (CEEX), Shenzhen Green Exchange (SGE), Macao International Carbon Emission Exchange (MEX) to cooperate in accelerating the carbon markets and green finance ecosystem development across the Greater Bay Area.
Under the MOU, the four exchanges will work closely to explore new opportunities in carbon markets and green finance. This collaboration aims to foster deeper dialogue and facilitate the exchange of expertise among the exchanges and markets participants, supporting the development of a robust and vibrant green finance ecosystem across Hong Kong and the Greater Bay Area.
HKEX Group Chief Sustainability Officer Paul Chow, said: “We are pleased to sign this MOU with Guangzhou Emissions Exchange, Shenzhen Green Exchange and Macao International Carbon Emission Exchange — the three leading carbon exchanges in the Greater Bay Area. Through this collaboration, we aim to unlock new opportunities in green finance and build a vibrant regional marketplace that empowers corporates with the capital and solutions they need to achieve their net-zero goals. This agreement also aims to enhance the connection between the mandatory and voluntary carbon markets in the Chinese Mainland and internationally.”
Kicking off the partnership, the four exchanges today jointly hosted a seminar at the annual China Carbon Market Conference in Shanghai, with a focus on driving the innovative development of carbon markets in Greater Bay Area.
About HKEX
Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code:388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange.
As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets.
HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.
www.hkexgroup.com
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