Hong Kong Green Finance Association Ma Jun: Hong Kong maintains a leading position in the development of green finance in many aspects.

The Chairman and President of the Hong Kong Green Finance Association, Ma Jun, stated in his speech at the association's annual forum that Hong Kong maintains a leading position in the development of green finance in many aspects. This includes the Hong Kong Monetary Authority setting transformation targets for the banking system and the issuance of tokenized green bonds. He also believes that Hong Kong has the capacity and responsibility to become a regional platform for policy dialogue and product innovation. Moreover, there are increasing opportunities for cooperation in the green economy with Mainland China and global and regional partners, especially with developing countries in need of green financing and green technologies. He mentioned that in the first half of this year, China's green loan balance reached approximately RMB 40 trillion, ranking first globally. Fourteen jurisdictions in Asia, including Hong Kong, have adopted the disclosure standards of the International Sustainability Standards Board (ISSB), or have decided to align their disclosure standards with ISSB. He also pointed out that despite facing geopolitical challenges such as the United States' second withdrawal from the Paris Agreement, Asia is playing an increasingly important role in the green and sustainable field.