Core Insights - Hong Kong's Treasury Bureau reported that by March 31, 2025, there will be 218 ESG funds recognized by the Hong Kong Securities and Futures Commission, with an asset management scale of approximately $139.2 billion (around HK$1,085.7 billion) [1] - In 2024, the total amount of green and sustainable debt issued in Hong Kong is expected to exceed $84 billion (approximately HK$65.52 billion), with around $43 billion (about HK$33.54 billion) arranged for issuance in Hong Kong, maintaining the leading position in the Asia-Pacific region for seven consecutive years, accounting for about 45% of the regional total [1] - The Hong Kong government is committed to promoting green and sustainable finance through a multi-faceted strategy, collaborating with financial regulators and the industry to provide infrastructure and momentum for market development [1] Group 1: Market Development - The Treasury Bureau continues to encourage more green and sustainable financing activities in Hong Kong through the "Green and Sustainable Finance Grant Scheme," attracting more financial and professional service providers to establish a comprehensive ecosystem for green finance [2] - As of the end of April this year, over 560 green and sustainable debt instruments have been funded under the scheme, involving a total debt amount exceeding $150 billion (or HK$1,170 billion) [2] Group 2: Sustainable Disclosure - The Treasury Bureau launched the "Hong Kong Sustainable Disclosure Roadmap" in December last year, providing a clear path for large public accountability entities to fully adopt ISSB standards by 2028, making Hong Kong one of the first jurisdictions to align local standards with international financial reporting sustainability disclosure standards [2] - The Hong Kong Stock Exchange has begun phased implementation of new climate information disclosure regulations based on ISSB Standard No. 2: Climate-related Disclosures since January this year [2] Group 3: Skills Training and Collaboration - The Treasury Bureau continues to promote the "Green and Sustainable Finance Training Pilot Scheme," encouraging local qualified practitioners, relevant professionals, and students to participate in training, with over 6,400 successful applications for funding amounting to approximately $35.8 million as of April this year [3] - The pilot scheme will be extended until 2028, with 92 eligible training courses and qualifications provided by local universities, professional institutions, and international training organizations [3] - Hong Kong will host the second "Hong Kong Green Week" in September this year, themed "Building a Sustainable Future Together," covering various sustainable development topics through meetings, roundtable discussions, workshops, and other exchange activities [3]