Wed, 06 Dec 2023

HONG KONG, Oct. 4 (Xinhua) -- Paul Chan, financial secretary of the Hong Kong Special Administrative Region government, said on Wednesday that Hong Kong is well developed in green finance and the city is already Asia's green finance hub.

Chan said at the Hong Kong Green Finance Association Annual Forum 2023 that last year, the total amount of green and sustainable debt arranged or issued in Hong Kong exceeded 80 billion U.S. dollars, up more than 40 percent compared to the year before, with green bond issuance accounting for about one-third of the market share in Asia.

It demonstrates Hong Kong's leading position as a pre-eminent platform and service provider in the region, and mainland entities and companies trust Hong Kong for green fundraising, he said.

Chan said Hong Kong is keen to contribute to global green transition, and welcomes countries from the Association of Southeast Asian Nations, the Middle East and countries along the Belt and Road to make use of Hong Kong's financial services.

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