# Hong Kong in Transition: A Paradigm Shift Towards a Green and Sustainable Finance Center

**Source**: https://bm.hkust.edu.hk/bizinsight/2024/11/hong-kong-transition-paradigm-shift-towards-green-and-sustainable-finance-center
**Parent**: https://bm.hkust.edu.hk/bizinsight/bizthemes/green-finance

[ [Green Finance](https://bm.hkust.edu.hk/bizinsight/bizthemes/green-finance "Green Finance") ]

Hong Kong in Transition: A Paradigm Shift Towards a Green and Sustainable Finance Center

14 Nov 2024

[Read Full Paper](https://bm.hkust.edu.hk/sites/default/files/html/0a4d7d238cbb777302ccbda895b3730b/A%20Paradigm%20Shift%20Towards%20a%20Green%20and%20Sustainable%20Finance%20Center_0/index.html)

"**The Hong Kong Green Finance Policy Research Series**" is a joint research report series by The Hong Kong University of Science and Technology (HKUST) and HKUST (Guangzhou) that analyzes Hong Kong’s progress and outlines steps to enhance its role as a green finance leader. The research draws on a longitudinal study on Hong Kong and a large-scale field study in leading global green finance centers, emphasizing the need for Hong Kong to fine-tune its strategies in this critical domain.

This report highlights the importance for Hong Kong to capitalize on the growing global consensus around green transformation, and formulate a comprehensive strategy to position the city as a world-class green finance center connecting Mainland China and the West. This report is recommended to be read in conjunction with "***Hong Kong’s Transition Towards a Green and Sustainable Finance Center: Building a World Top Green and Sustainable Bond Hub***" and "***International Experiences in Green Finance Development: Lessons for Hong Kong***", both part of the same series.