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New Climate Rules Pose Fresh Challenge for Small Hong Kong Funds

  • Money managers must soon disclose climate risks in portfolios
  • Smaller H.K. firms have fewer resources than larger peers


Photographer: Jonathan Nackstrand/AFP/Getty Images

Climate-disclosure guidelines that go into effect soon in Hong Kong are posing a challenge for small domestic money managers that lack the resources of their global peers to track the data.

Starting Aug. 20, fund managers overseeing at least HK$8 billion ($1 billion) must take climate-related risks into account in their investment and risk-management processes for the first time and disclose the results. The remainder have until Nov. 20 to comply, according to a Securities and Futures Commission circular released last year.