HKMA publishes Hong Kong Taxonomy for Sustainable Finance Phase 2A
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) published today (January 22) the Hong Kong Taxonomy for Sustainable Finance (Hong Kong Taxonomy) Phase 2A, marking an important step in facilitating green and sustainable capital flows and supporting the region's transition to a lowcarbon economy.
The HKMA has been developing the Hong Kong Taxonomy in phases to provide a robust and transparent framework for classifying economic activities that contribute to green and sustainable development. Following the release of Phase1 in May 2024, the HKMA launched a public consultation on the Phase 2A prototype in September 2025 to seek views on the expanded taxonomy coverage and relevant enhancements.
The HKMA received numerous submissions from a diverse group of stakeholders, including banks, professional associations, asset managers, corporates, non-government organisations, think tank, and the public sector. Respondents generally supported the expansion in taxonomy coverage and the addition of transition elements and climate change adaptation category, and welcomed the further enhancement in clarity and practicality of the Hong Kong Taxonomy by the HKMA.
Drawing on the feedback gathered from the public consultation, the HKMA has refined the prototype for publication as the Hong Kong Taxonomy for Sustainable Finance Phase 2A. The HKMA also released a consultation report, which summarises the consultation feedback and the HKMA's responses.
The Hong Kong Taxonomy is a living document. Development of the next phase is underway and will continue to be informed by market developments, government policies, industry priorities, and the latest technological advancements. The HKMA remains committed to actively engaging with market participants and broader stakeholders throughout the development process.
The Hong Kong Taxonomy Phase 2A and consultation report are available on the HKMA website.
HKMA, Photo by Bastille Post
Remarks by SLW at media session (with photos/video)
The Secretary for Labour and Welfare, Mr Chris Sun, met the media today (April 3), after observing the implementation of the "$2 flat rate or 80 per cent discount" on the first day at Tiu Keng Leng Station Public Transport Interchange. Following are Mr Sun's remarks at the media session:
Reporter: How do you evaluate the first-day roll-out of the scheme, and how do you address the fact that some elderly are not comprehensively understanding the whole implementation?
Secretary for Labour and Welfare: Today, 3rd of April, is the date when the "$2 flat rate or 80 per cent discount" is officially launched. For minibuses and for buses, the launch time was midnight today. For the MTR, it started from its first train which departed the terminal at 5.30am this morning.
So far, based on our territory-wide promotion, and also my own personal contact with the elderly through my visit to Wong Tai Sin including a public market and a restaurant, most of them are familiar with the operation of the "$2 flat rate or 80 per cent discount". They know the operation is very straightforward, for any fare that is at $10 or below, they still just need to pay $2. For fare that is over $10, the elderly just bare 20 per cent of the cost, and the rest of the fare will be borne by the Government. I gave them an example, for a bus fare that charges an adult for $15, the elderly people with JoyYou card would only have to pay $3, i.e. 20 per cent of the fare.
So, apart from today, we are also going to step up our promotion through television, radio and posters which have been posted all around Hong Kong. Also, as you can see, in 75 spots in Hong Kong, we are stationing the ambassadors for a total of three weeks. They are in the spots to help answer questions about the "$2 flat rate or 80 per cent discount". Apart from that, we have had the support of district councillors, Care Team members, and also staff of our welfare NGOs (non-governmental organisations). They are using their own ways to explain the operation of the "$2 flat rate or 80 per cent discount". We are pretty confident that the scheme is now being launched smoothly, and for those who will be using the new arrangement, they know about the operation.
Thank you very much.
(Please also refer to the Chinese portion of the remarks.)
Remarks by SLW at media session (with photos/video) Source: HKSAR Government Press Releases
Remarks by SLW at media session (with photos/video) Source: HKSAR Government Press Releases
Remarks by SLW at media session (with photos/video) Source: HKSAR Government Press Releases
Remarks by SLW at media session (with photos/video) Source: HKSAR Government Press Releases
Remarks by SLW at media session (with photos/video) Source: HKSAR Government Press Releases
Remarks by SLW at media session (with photos/video) Source: HKSAR Government Press Releases
Remarks by SLW at media session (with photos/video) Source: HKSAR Government Press Releases
Remarks by SLW at media session (with photos/video) Source: HKSAR Government Press Releases
Remarks by SLW at media session (with photos/video) Source: HKSAR Government Press Releases
Remarks by SLW at media session (with photos/video) Source: HKSAR Government Press Releases
