Hong Kong will accelerate the development of Asia's leading financial center for transformation.

Jinse Finance reported that Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region Government, stated on the 9th that there is still a significant funding gap in the global low-carbon transformation, which brings unique opportunities for Hong Kong's development of a transformational financial center. Hong Kong will accelerate the establishment of Asia's leading transformational financial center. Speaking at the Hong Kong Green Finance Association's annual forum on the same day, Paul Chan said that Hong Kong is already a leading green financing center in Asia. Over the past 3 years, Hong Kong has averaged an annual issuance of over $63 billion in green bonds and green debts; as of June this year, the number of ESG (Environmental, Social, and Governance) funds recognized by the Hong Kong Securities and Futures Commission has exceeded 230, managing assets of over $160 billion, a rise of 60% compared to 3 years ago. Ma Jun, Chairman of the Hong Kong Green Finance Association, stated that in recent years, Hong Kong has made significant progress in building a global green financial center. With the promotion of the SAR government, Hong Kong has become one of the most dynamic green financial markets in Asia, launching a series of innovative financial products and promoting international dialogue and standard interoperability in the field of green finance. (Securities Times)