The Hong Kong Monetary Authority (HKMA) announced that 10% of the Exchange Fund's investments are in sustainable assets and expects the banking industry to achieve net zero emissions by 2030 as part of its newly released sustainable finance action agenda. The agenda includes initiatives to encourage green investment, support green disclosure, and provide training. The HKMA is also preparing to launch an initiative called Money Safe to assist banks in preventing fraud. Additionally, the link between Hong Kong's Fast Payment System and mainland China's Interbank Payment System will be operational by June 2025, facilitating immediate cross-border transfers between Hong Kong dollars and yuan for non-retail purposes in the first phase.