Phase II of Hong Kong’s Sustainable Finance Taxonomy (also referred to as the Phase 2A stage ) is the second development stage of the classification system led by the Hong Kong Monetary Authority (HKMA) with technical support from the Climate Bonds Initiative (CBI) . It builds on the first phase released in May 2024 and was officially announced on 8 September 2025 , accompanied by a public consultation. Here’s a concise professional overview: Purpose Phase  II aims to exp