Hong Kong Exchanges and Clearing Limited (HKEX) has signed a Memorandum of Understanding (MOU) with the China Emissions Exchange Shenzhen (CEEX Shenzhen) to cooperate on accelerating the development of the carbon market ecosystem in Hong Kong and the Greater Bay Area. Under the MOU, the two exchanges will explore opportunities in cross-border carbon market connectivity, climate finance, and the development of the voluntary carbon market in the Greater Bay Area. This collaboration aims to support China's carbon reduction goals and drive the growth of the green finance industry in Asia. CEEX Shenzhen, established in 2010, was the first Chinese trading platform for carbon markets.

Source: HKEX.com