Having recently announced the development of InnoCentre in Kowloon Tong as the green technology hub, ‘GreenTech Hub’, the Hong Kong Science and Technology Parks Corporation (‘HKSTP’), the technology development firm, has announced its first ‘green partner’ among banks: financial services and banking provider, the Hang Seng Bank (‘Hang Seng’).
This is not the first time both firms have worked together; however, with this renewed partnership, both HKSTP and Hang Seng will now have a greater focus on supporting the green transformation of enterprises in Hong Kong. The partnership also reflects the growing demand for financing and business opportunities fueled by the global drive towards carbon neutrality and green transition across industries.
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.
Working towards a sustainable future
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 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.”
Eric Or, acting chief corporate development officer of HKSTP, said: “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 development 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.”
