31 Oct 2023

Hong Kong Exchanges and Clearing Limited (HKEX) is today (Tuesday) pleased to announce it has signed a Memorandum of Understanding (MOU) with the China Emissions Exchange Shenzhen (CEEX Shenzhen) to cooperate in accelerating the carbon market ecosystem development in Hong Kong and across the Greater Bay Area.

Under the MOU, HKEX and CEEX Shenzhen will jointly explore opportunities in cross-border carbon market connectivity and climate finance, as well as work together to increase awareness of developing the voluntary carbon market in the Greater Bay Area. This collaboration is focused on creating a vibrant sustainable finance ecosystem in the region, supporting China's efforts to peak carbon emissions by 2030 and reach carbon neutrality by 2060, and in driving the growth of the green-finance industry in Asia.

HKEX Head of Emerging Business & FIC, Glenda So, said: "We are delighted to be signing an MOU with CEEX Shenzhen, one of China's leading carbon emission trading platforms. This partnership underscores our ongoing commitment to develop a thriving and sustainable carbon market in the Greater Bay Area and across the region. By combining our expertise, we aim to build a dynamic regional marketplace that encourages innovation, offers access to high-quality carbon projects and facilitates theinteraction between the mandatory and voluntary carbon markets in Mainland China and internationally. As key financial and innovation hubs, Hong Kong and Shenzhen will play a significant role in driving the region's green finance industry, and we look forward to closely collaborating to capture the exciting opportunities ahead, as we transition to a low-carbon economy."

Established in 2010, CEEX Shenzhen was the first trading platform in China to start carbon market operations in 2013, and the first Mainland onshore carbon market to welcome offshore investor participation. It is also among the first trading platforms allowed for China Certified Emission Reduction ("CCER") trading.

About HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code:388) and one of the world's leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange.

As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets.

HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.




HKEx - Hong Kong Exchanges and Clearing Ltd. published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 09:49:43 UTC.