Finance chief says to develop Hong Kong into int'l green technology, green finance center
Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said on Sunday to develop Hong Kong into an international green technology and green finance center.
Chan said in his blog that on the 10th anniversary of the Belt and Road Initiative, jointly organized by the HKSAR government and Hong Kong Trade Development Council, the eighth edition of the Belt and Road Summit will be held in Hong Kong from Sept. 13 to Sept. 14.
He said that there will be more green infrastructure projects along the Belt and Road in the future. According to market estimates, Asia alone would need 66 trillion U.S. dollars in climate investment in the coming three decades.
According to Chan, Hong Kong is the leading green finance market in Asia, with more than one-third of the total green and sustainable bonds issued in Hong Kong. Hong Kong's green technology enterprises also have an advantage in scientific research.
With the collaboration between Hong Kong and its brother cities in the Guangdong-Hong Kong-Macao Greater Bay Area, it is believed that it can provide ideal financial and technological solutions for the green transition of the Belt and Road partners, Chan said.
Hong Kong has always been an active participant and contributor in the Belt and Road international cooperation platform, he said.
Chan said that in the high-quality development of the Belt and Road, together with the trading partners to promote deeper cooperation, Hong Kong will be able to give full play to its advantages, seek better development, build deeper friendship, explore more business opportunities, and create bright prospects.
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