The Chamber broadly supports the proposed enhancements to the HKMA’s Prototype of the Hong Kong Taxonomy for Sustainable Finance (Phase 2A), whilst putting forward other suggestions on its practical implementation, to achieve the objectives of enhancing Hong Kong’s position as a leading green finance hub and meeting carbon neutrality goals.

We commend the Taxonomy’s alignment with international frameworks — such as those adopted in the EU — in establishing a common language for identifying environmentally sustainable activities. At the same time, we recommend that continued attention is given to Hong Kong’s specific circumstances, particularly in relation to its energy landscape, infrastructure, and market developments. This would help maintain the Taxonomy's relevance and adaptability in the face of evolving market dynamics.

To maximise the Taxonomy’s effectiveness, we also advocate for a practical and proportionate approach to implementation, especially in sectors where decarbonisation pathways are still evolving.

The Chamber is broadly supportive of the Government’s Lung Kwu Tan (LKT) and Tuen Mun West (TMW) "Smart and Green Industrial Port" proposals, viewing them as a strategic opportunity to boost Hong Kong's industrial capabilities and align with sustainability goals. In terms of execution, we advocate for integrated planning and advocacy of a phased development approach with publicly accessible timelines for business certainty, as well as suggesting the need for streamlined inter-authority coordination and thorough provisioning of essential utilities and infrastructure. We also call for the Government to leverage the Port's strategic location for high value-added industrial growth in green energy, advanced construction, and logistics; supported by specialized innovation hubs and enhanced port connectivity. Our response also addresses environmental sustainability, and community well-being and liveability considerations, amongst others.

The Chamber recognizes the efforts of the Government to continue to enhance Hong Kong’s regulatory frameworks for virtual asset (VA) dealing and custodian services, which are pivotal to fostering sustainable industry growth and reinforcing the city’s status as a leading global financial hub. We call for a pragmatic approach for shaping a regulatory environment that is both agile and internally competitive – one that balances strong investor protection with the need to foster innovation. Our recommendations are centered on proposals relating to the scope of permissible services under the VA regime and regulatory oversight, as well as transitional arrangements, amongst others.