HKEX signs MOU to boost Greater Bay carbon markets

Hong Kong Exchanges and Clearing Limited (HKEX) has signed a Memorandum of Understanding (MOU) with Guangzhou Emissions Exchange (CEEX), Shenzhen Green Exchange (SGE) and Maco International Carbon Emission Exchange (MEX) to cooperate in accelerating carbon markets and the green finance ecosystem across the Greater Bay Area.

• MOU signed among HKEX, CEEX, SGE, MEX: the four exchanges will explore new opportunities in carbon markets and green finance, facilitate the exchange of expertise, and foster deeper dialogue to support a regional green finance ecosystem across Hong Kong and the Greater Bay Area. Kicking off the partnership, the four exchanges jointly hosted a seminar at the annual China Carbon Market Conference in Shanghai.
• Implementation and background details: the exchanges agreed to work closely to identify market opportunities, enhance the connection between mandatory and voluntary carbon markets, and support market participants; quoted official Paul Chow, HKEX Group Chief Sustainability Officer, emphasised unlocking opportunities and building a regional marketplace. Event details:
  • Date: “today (Tuesday)” (as stated in the release)
  • Location: Shanghai
  • Agenda/subject: driving the innovative development of carbon markets in the Greater Bay Area