Hong Kong Introduces Pilot Green & Sustainable Finance Capacity Building Support Scheme
The Hong Kong Government has launched the Pilot Green & Sustainable Finance Capacity Building Support Scheme. The scheme aims to offer local and foreign practitioners the necessary training they need for green and sustainable finance.
Why Launch the Pilot Green & Sustainable Finance Capacity Building Support Scheme?
The sustainable and low-carbon economy has been gaining traction recently. That is one of the many reasons behind the Government’s decision to launch the scheme. The pilot scheme will be open for 3 years.
In addition to the plethora of benefits Hong Kong offers to investors, the Government is committed to helping Hong Kong become a regional hub for sustainable and green finance. The scheme will help to nurture local talent, which is a critical component to supporting this development.
Under the scheme, $200 million has been earmarked for training, subsidies, and helping to develop the local talent pool.
Currently, there are 19 programmes under this scheme. Professional institutions, continuing education schools, and international training providers, among others, will offer the programme. Furthermore, the Hong Kong Government will be updating the list as it grows.
As per authorities, Hong Kong residents who are already practising green and sustainable finance should apply for this scheme. Prospective practitioners like finance students and graduates can also apply.
What Happens Once You Have Completed the Pilot Green & Sustainable Finance Capacity Building Support Scheme?
Upon completion of the training, student applicants will be able to apply for a subsidy of up to 100% of the relevant fees. Other applicants may also be eligible for up to 80% reimbursement of their fees up to $10,000.
