Hong Kong will accelerate its transformation into Asia's leading financial center

Hong Kong Special Administrative Region Government Financial Secretary Paul Chan said on the 9th that there is still a large funding gap in the process of low-carbon transformation in the world, which brings unique opportunities for Hong Kong to develop transformation finance, and Hong Kong will accelerate the development of Asia's leading transformation financial center. Chan Maobo said at the annual forum of the Hong Kong Green Finance Association held on the same day that Hong Kong has become a leading green financing center in Asia. In the past three years, Hong Kong has issued an average of more than 63 billion US dollars of green bonds and green debt every year; as of June this year, the Hong Kong Securities Supervision Commission has approved more than 230 ESG (environmental, social and corporate governance) funds, with assets under management exceeding 160 billion US dollars, an increase of 60% from three years ago. Ma Jun, chairperson of the Hong Kong Green Finance Association, said that in the past few years, Hong Kong has made great progress in building a global green finance center. Under the promotion of the special administrative region government, Hong Kong has become one of the most dynamic green financial marekts in Asia, launching a series of innovative financial products, and promoting international dialogue and standards exchange in the field of green finance. (Shanghai Securities Daily)