China's climate goals are an opportunity for Hong Kong to develop as a regional carbon trading hub, says finance official | South China Morning Post

China's drive to become carbon neutral by 2060 will provide Hong Kong with huge opportunities to develop into a green finance hub and regional carbon trading centre, according to Joseph Chan Ho-lim, the Under Secretary for Financial Services and the Treasury. The government has been working with local financial regulators and the mainland Chinese authorities to assess the feasibility and policy support required for developing the city as a carbon trading centre for the Greater Bay Area and Asia as a whole, he said. A working group formed by watchdogs such as the Securities and Futures Commission and Hong Kong…