Hong Kong Exchanges and Clearing (HKG:0388) is looking to create new products for its carbon credit platform, HKEX General Counsel and Chief Sustainability Officer Paul Chow Koon-ying said in his blog Monday.
The creation of new products will help boost the market ecosystem and allow more choices for market participants, helping Asia transition to a sustainable, net-zero financing, Chow said.
HKEX's sustainability chief said there are eight ways for the bourse to help Asia move toward net-zero financing.
Among them are promoting a proper role for carbon credits, facilitating the trade of internationally recognized carbon credits, supporting adherence to environmental, social, and governance reporting, promoting cross-border interoperability with mainland China, improving over-the-counter carbon trading practices, using new technologies, upskilling carbon market participants, and boosting the sustainable finance ecosystem.
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