HK part of global green transformation push: FS
Hong Kong, being a regional sustainable finance hub, is playing its part to drive green transformation of the world, Financial Secretary Paul Chan said on Sunday. The city’s finance chief told a symposium at the China Development Forum in Beijing that the country is a leader in global climate governance, while the SAR is working to achieve its decarbonisation goals. "Hong Kong is an important international financial centre, and is accelerating its development to become a global innovation and technology hub. We are contributing to green transformation of the region and of the world via green finance and green technology," he said. Chan hailed Hong Kong's position as a regional green finance hub, highlighting efforts by the SAR government to issue tokenised green bonds and unveil guidelines for heavy-emitting industries to decarbonise. He also said the territory is exploring innovative financial instruments and building a green technology ecosystem. The government-owned Hong Kong Investment Corporation is leading the market's long-term investments to frontier green technology and helping the nation's green technology go global, Chan added. Edited by Priscilla Ng