Hang Seng Bank (Hang Seng) has become the first green partner of the Hong Kong Science and Technology Parks Corporation (HKSTP) among banks, as the two institutions renewed their enduring partnership to support technological innovation with the ambition to support the green transformation journey of enterprises in Hong Kong.

This extended partnership underscores the burgeoning demand for financing and business opportunities fuelled by the global drive towards carbon neutrality and green transition across industries.

Gilbert Lee, head of strategy and planning and chief of staff to the chief executive of Hang Seng Bank said, “Under our renewed partnership, Hang Seng and HKSTP will introduce two programmes to promote sustainability solutions and enhance the operational efficiencies of Hong Kong enterprises. As Hong Kong’s largest local bank, we are pleased to become HKSTP’s first banking green partner and to participate in HKSTP’s GreenTech Hub, as highlighted in the recent budget for green development. This further supports HKSAR Government’s dedication to fostering sustainable growth among local businesses.”

HKSTP recently announced the strategic development of InnoCentre in Kowloon Tong as the leading green technology hub – GreenTech Hub. Hang Seng Bank is the first green partner in banking industry.

Eric Or, acting chief corporate development officer of HKSTP said, “As the largest innovation and technology (I&T) flagship in Hong Kong, HKSTP has been actively supporting tech ventures in their growth and success. We are delighted to continue our partnership with Hang Seng Bank, combining Hang Seng's business expertise and financing support with HKSTP’s I&T ecosystem and network to promote the developmen of green technology and green finance, thereby enhancing the commercialisation of local sustainable solutions. HKSTP will continue to create business matching opportunities for more tech enterprises, working together to build a net-zero future for the city and achieve the vision of a sustainable development.”

Under this new phase of collaboration, Hang Seng and HKSTP will focus on two initiatives to drive positive impact on the green transition for Hong Kong enterprises:

Business community engagement programme

Hang Seng and HKSTP will establish a business matching platform to connect Hong Kong enterprises with HKSTP Park companies. This platform will support Hong Kong enterprises’ green transition by providing networking events and seminars, tailored banking solutions and access to technology.

GreenTech acceleration programme

Hang Seng will provide mentoring to HKSTP Park companies, guiding their research and supporting their efforts to develop innovative and practical solutions that can be applied in Hang Seng's commercial environment. These solutions will be showcased at the ‘GreenTech Hub’ to promote wider adoption by Hong Kong enterprises.

GreenTech Hub provides participating companies with comprehensive support, including talent training, testing and application scenarios, accelerating the application of research and development outcomes. Currently, the HKSTP Park has gathered over 200 companies with solutions specialising in new energy, smart city, green buildings and green fintech. These innovative solutions can help address global climate change and reduce emissions, promoting Hong Kong as an international green technology hub.

Re-disseminated by The Asian Banker