The Monetary Authority of Macao, together with the Macao Environmental Protection Bureau and the Macao Association of Banks, co-hosted a thematic seminar on green and sustainable finance, bringing together more than 100 international and regional experts and market participants to discuss global developments and regional cooperation opportunities. In remarks during the event, the Monetary Authority of Macao indicated it is drafting guidelines on climate risk management and will consult the banking sector to help ensure banks can respond appropriately to climate-related risks. Speakers highlighted the evolution of Macao’s green finance market since a joint initiative launched five years earlier, citing the successive issuance in Macao of instruments including green bonds, blue bonds, biodiversity-related bonds and “carbon neutral” bonds, alongside banks’ rollout of green financial products for retail customers, small and medium-sized enterprises and energy infrastructure, and cross-border transfers of green credit assets. Contributions also covered the Environmental Protection Bureau’s broader environmental regulatory framework and measures, and industry perspectives on embedding green finance in banks’ core strategies, strengthening climate risk management, developing locally tailored green and carbon-related products, and aligning with international standards; expert sessions included perspectives from the International Capital Market Association and the Luxembourg Stock Exchange. The Monetary Authority of Macao plans to launch a public consultation with the banking sector on the draft climate risk management guidelines; no timetable was provided.

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