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In order to accelerate the development of green and sustainable finance in Hong Kong, the Greater Bay Area and other parts of Asia, on July 5, the Hong Kong Stock Exchange (HKEX) announced cooperation with 11 leading international companies and financial institutions to form the Hong Kong International Carbon Market Council. CECEP, among the first batch of members of the council, will cooperate with HKEX in the field of carbon asset management.
The cooperation focuses on building an international carbon market, taking advantage of Hong Kong's status as an international financial center, and promoting Hong Kong, the mainland of China and other regions to achieve goals of carbon neutrality, green and sustainable financial ecosystems, therefore Hong Kong can develop into an international leading carbon trading center backed by China, based on Asia and covering the world.
As the only central enterprise directly under the management of the State-owned Assets Supervision and Administration Commission of the State Council with energy conservation and environmental protection as its main business, CECEP will profoundly participate in the work of the Hong Kong International Carbon Market Council, with CECEP (Hong Kong) Investment Co., Ltd. and CECEP Environmental Consulting Group as its executive agencies, and fully leverage its professional capacities and solid case accumulation in investment and financing management, ESG management and strategic consulting, climate change and carbon asset management, sustainable investment and financing consulting, etc. An international cooperation network built with more than 100 well-known enterprises in various industries can provide in-depth and customized sustainable development consulting services, further supporting Hong Kong to play an active role in the carbon finance market in the Guangdong-Hong Kong-Macao Greater Bay Area and becoming a leading international carbon trading center.
