HKMA joins alliance for Asia climate investment

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HONG KONG — The Hong Kong Monetary Authority (HKMA) on Monday established strategic partnership with the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB) and International Finance Corp. (IFC), aiming to deploy at least $500 million in Asia to fight climate change.

HONG KONG — The Hong Kong Monetary Authority on Monday established strategic partnership with the Asian Development Bank , Asian Infrastructure Investment Bank and International Finance Corp. , aiming to deploy at least $500 million in Asia to fight climate change.

'Through strategic partnerships, we aim to demonstrate that achieving both financial return and sustainable development in Asia is not only feasible but essential for our vision of progress and environmental stewardship,' said Howard Lee, chief executive officer of the Exchange Fund Investment Office of the HKMA.

 

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