‘Superconnector’ Hong Kong can use finance hub role to promote green tech investments between China, Middle East: Regal Hotels vice-chairman

Hong Kong can act as a “superconnector” between green technology companies and investors from China and the Middle East, as both regions strive to decarbonise and reduce their reliance on fossil fuels, according to Poman Lo, vice-chairman of Regal Hotels Group.

“Hong Kong, as a super connector, can play a unique role as a two-way gateway to facilitate the formation of partnerships between Chinese green tech companies and the Middle East,” said Lo, a member of the green technology and finance development committee set up in June by Financial Secretary Paul Chan Mo-po.

“With our finance hub position, we can really help Middle Eastern investors and stakeholders to really seize the opportunities that China presents.”

The committee, which was announced in the budget speech in February to assist in the formation of an action agenda to promote the development of the city into an international green technology and financial centre, was established on June 23. It includes representatives from government bodies and regulators, as well as 13 members from relevant industries.

The government will also be organising an international greentech week at the end of the year to “pool together representatives, enterprises and investors from the green technology industries around the world”, according to Chan’s 2023 budget in February.