Financial Secretary Paul Chan on Sunday stated Hong Kong has the possible to end up being a global center for green innovation and financing, which he referred to as essential motorists of the economy.
Composing on his main blog site, Chan stated more than 200 green innovation business are now running in the area, and a few of them have actually taken their items into global markets.
He stated authorities have actually given over HK$ 800 million to support the research study and advancement of green innovations, such as renewable resource and green transportation.
The monetary secretary likewise kept in mind that Hong Kong has actually seen strong development in the green financing market in the last few years.
He stated in 2022, green and sustainable financial obligation instruments worth over US$ 80 billion were provided or organized in Hong Kong, consisting of 35 percent of all green bonds released in Asian markets.
Chan stated the Hong Kong Green Week, which occurs at the end of this month, will include online forums and workshops that provide complete play to the SAR’s function as a worldwide platform for environmentally-friendly markets.