Established in 1993, the Hong Kong Monetary Authority (HKMA) is responsible for managing Hong Kong’s Exchange Fund. As at November 30, 2020, the total assets of the Exchange Fund amounted to $HK 4,451.8 billion ($US 570.7 billion).
As part of its responsible investment approach, HKMA integrates environmental, social and governance (ESG) factors into its investment analysis. Moreover, HKMA has developed internal guidelines to incorporate ESG considerations in the selection, appointment and monitoring of external managers. In 2019, it unveiled a number of measures for promoting the development of green finance in Hong Kong. The same year, to further its commitment towards sustainability, HKMA became a signatory to the UN PRI and a supporter of the Task Force on Climate-related Financial Disclosures.