Trends of Sustainable Finance in the Greater Bay Area





The USJ Faculty of Business and Law kicked off its “Sustainable Business Series” in its NAPE Campus on May 20th 2023.

The University of Saint Joseph’s (USJ) Faculty of Business and Law kicked off its “Sustainable Business Series” in its NAPE Campus on May 20th 2023. The event featured Ms. Grace Hui, founder and CEO of Net Zero Asia Limited, a company that focuses on the development of carbon asset and carbon finance innovation. Before that Ms. Hui held executive position at Hong Kong Exchanges and Clearing Limited including Head of Green and Sustainable Finance. The talk explores the current situation and future trends in the area of sustainable finance in Hong Kong.

According to the former executive, the financial sector plays an essential role in decarbonization given the amount of investments required. As such, the Outline for the Development Plan for the Guangdong – Hong Kong – Macao Greater Bay Area is a golden opportunity for the development in the sustainable finance for Hong Kong and Macao given their respective SAR status. For example, leveraging the expertise of the Hong Kong financial markets, green and other sustainable financial products can be developed to serve the financing needs of GBA cities in meeting China’s 30 – 60 goals. Moreover, the plan delineates the boundaries of each financial sector to be served according to size and geographic location of the various markets within the greater bay.

(USJ Rector, Rev. Prof. Stephen Morgan)

(Dean of the Faculty of Business and Law, Prof. Jenny Phillips)

(Speaker: Ms. Grace Hui)

Further, to support Macao in developing special financial products and services such as leasing, and a green finance platform for Sino-Lusophone countries’ financial services.

This talk comes at a time when the Central Government also setup the The National Administration of Financial Regulation (NAFR) which addresses the need to support monitoring and governance and increase the awareness of financial market’s role in the development of sustainable businesses via the issuance of sustainable financial products and instruments. In addition, the insights provided by Ms. Hui is much welcomed at a time when Macao is in its initial developing phases of the Macao exchange. The series give a great platform for idea exchange between the financial sector in Macao and policy makers in the development of the market in Macao and the linkages of financial sectors in Hong Kong, Macao and the Greater Bay.

The “Sustainable Business Series” is a key project at the Faculty of Business and Law of USJ. The project aims to promote and raise awareness on business sustainability through organising talks by experts, panel discussions with various industries, conducting research, and offering courses in different areas of sustainable business. Future talks will be organized at USJ campuses or at Artyzen Grand Lapa Hotel which is a partner of the FBL Sustainable Business Series.