Hong Kong's Finance chief Paul Chan says the city will channel capital and innovation into the global green transition for carbon-neutral development. Speaking at a symposium on low-carbon transition and sustainable development, he highlighted Hong Kong's role in green finance and technology.
Hong Kong's Finance chief Paul Chan (Paul Chan Mo-po) told a forum event that the city could contribute to the irreversible trend of green and low-carbon development, as China demonstrated its determination and leadership in the process. “Hong Kong is a leading international financial centre, while expediting its development as an international innovation and technology hub. We contribute to regional and global green transition from the perspectives of green finance and green technology,” he said at a symposium on low-carbon transition and sustainable development. “Hong Kong is a ‘super value-adder’ in global green transition, as we not only offer capital, but also green standards, technology and solutions.” Chan said the city enjoyed unique advantages supported by its motherland and global links under the “one country, two systems” governing principle, with financial connections between China and the West, and a thriving innovation and technology ecosystem. Keywords mentioned include Hong Kong Taxonomy for Sustainable Finance, tokenised bonds, Hong Kong Investment Corporation, and China Development Forum.