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Hong Kong vows to boost green finance and innovation role for sustainable growth

Finance chief Paul Chan says Hong Kong will channel capital and innovation into the global green transition for carbon-neutral development

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Hong Kong enjoys unique advantages, the finance chief has told an event in Beijing. Photo: Eugene Lee
Edith Linin Beijing
Hong Kong’s finance chief has pledged to support the regional and global transition to a green economy by leveraging the city’s role as an international financial centre and a developing innovation and technology hub.
Financial Secretary Paul Chan Mo-po delivered the remarks at the China Development Forum in Beijing on Sunday, the fifth day of his six-day trip to the capital. He also met Chinese Finance Minister Lan Foan, exchanging views on the national and global economic outlook and fiscal policies, as well as on strengthening cross-border cooperation.

Chan told a forum event that Hong Kong could contribute to the irreversible trend of green and low-carbon development, as China demonstrated its determination and leadership in the process.

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“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.”

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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.

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