The Hong Kong Monetary Authority just launched a consultation on the Phase 2B prototype of its sustainable finance taxonomy. Here's what it means for green banking in the region.

1️⃣ Asset Management and Investor Protection Commission — Cancellation of Registration for 4 Abnormally Operating Private Fund Managers
The regulator canceled the registration of four private fund managers found operating abnormally.
This decision hits Guangzhou Hengsheng Asset Management and three other specified firms.
The affected entities must immediately cease fund management and commence liquidation.

2️⃣ Hong Kong Monetary Authority — Consultation on Phase 2B prototype of Hong Kong Taxonomy for Sustainable Finance
The authority proposed a Phase 2B prototype to standardize local green and sustainable finance definitions.
This comprehensive framework impacts banks, asset managers, and other financial institutions operating in Hong Kong.
Stakeholders must submit feedback during the consultation period to guide future alignment.

3️⃣ Department of Foreign Affairs and Trade — Australian Sanctions Legislation Amendment Reforms
The department introduced proposed reforms to streamline the national sanctions and export control legislative framework.
This initiative impacts Australian businesses engaged in international trade and dual-use technology transfers.
Market participants must review the proposals and prepare compliance updates for final legislation.

4️⃣ Reserve Bank of India — Directions under Banking Regulation Act – Nasik Jilha Mahila Vikas Sahakari Bank Ltd. — Extension of Period
The central bank extended the regulatory restriction period imposed on this specific cooperative bank.
This directly impacts the depositors, management, and cooperative banking operations of the Nasik-based institution.
The bank must continue operating under directed restrictions while the regulator monitors recovery.

5️⃣ Prime Minister of Australia — Doubling down on a brave deal to save our children
The Prime Minister announced a policy initiative to improve digital safety and children's welfare.
This development hits major social media companies, digital platforms, and consumer groups in Australia.
The federal government will proceed with drafting rules to fully implement these child protection measures.

Full analysis in the attached RegNext Daily Asia-Pacific Radar carousel.

— Elena Navarro · Managing Editor, RegNext
Daily Asia-Pacific Radar · Monday 07 Sep 2026
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