The Hong Kong government has been very proactive in establishing Hong Kong as the green financing center in the Greater China area and Asia generally. To this end, it has adopted many policy measures, for example, the following:

• Establishment of the Green and Sustainable Finance Cross-Agency Steering Group and a Green and Sustainable Finance Center under it in 2020
• Establishment of the Green and Sustainable Finance Grant Scheme in 2021 to provide subsidies for the transactional costs associated with various types of green financing

So far, the Hong Kong real estate sector has been one of the sectors that has received the biggest amount of green financing in Hong Kong.

On the private side, a number of major commercial banks have rolled out green mortgage programs, which provide better-priced mortgage financing for purchasing residential properties that have received a BEAM Plus NB or EB Gold or Platinum rating.