Over 10 000 approved applications recorded for Pilot Green and Sustainable Finance Capacity Building Support Scheme
The Government announced today (May 20) that the Pilot Green and Sustainable Finance Capacity Building Support Scheme has approved over 10 000 applications, involving a total reimbursement amount exceeding $59 million. The Scheme has been well received and recognised by practitioners and prospective practitioners in the green and sustainable finance industry.
A Government spokesperson said, "Nurturing talent is a crucial task in supporting the development of green and sustainable finance. By strengthening the capacity building of local practitioners, students and others in green finance, it can ensure that the industry is equipped with requisite professional knowledge and skills, thus facilitating the building up of a green and sustainable finance talent pool to meet the new trend of developing a low-carbon and sustainable economy."
As of end-April, the Scheme has approved over 10 400 applications, involving a total reimbursement amount exceeding $59 million. Among the beneficiaries, over 60 per cent were practitioners in relevant sectors and organisations ranging from banking, asset and wealth management to insurance, accounting and more, while the rest are students and graduates in relevant disciplines, including business administration, environment, science, engineering, social sciences and technology. The Scheme features 117 eligible programmes and qualifications, which are provided by the professional and continuing education schools of local universities, professional institutions, international training providers, etc. The list undergoes continuous updating to reflect market developments and industry needs.
The spokesperson said, "In light of the efforts of our country and the rest of the world in promoting low-carbon transformation and sustainable economic development, Hong Kong's demand for green finance talent continues to increase. Surpassing 10 000 approved applications is a significant milestone, demonstrating Hong Kong's determination and effectiveness in expanding the local green and sustainable finance talent pool. We will continue to support talent training to reinforce Hong Kong's position as Asia's leading green finance hub."
To better meet industry needs, the Government will keep on maintaining close liaison with the market, regularly review the implementation of the Scheme, and take into account feedback from programme providers and participants. The Government will also continue to actively promote the Scheme, including providing one-stop information for applicants and programme providers through the dedicated webpage (www.greentalent.org.hk), as well as leveraging various promotional channels such as social media and relevant industry events, to encourage more market practitioners and prospective practitioners of green and sustainable finance to participate in training.
The Government launched the Scheme in December 2022 and announced last year the extension of the Scheme to 2028 with a view to continuously supporting local eligible practitioners and prospective practitioners of green and sustainable finance-related work with subsidies for them to participate in training related to green and sustainable finance. Upon completing eligible programmes or accomplishing relevant qualifications, eligible applicants may apply for a subsidy of up to $10,000.
Source: AI-found images
