Chen Maobo: Policy Guidance Overlapping with Financial Innovation, Hong Kong Government Makes Multi-pronged Efforts to Promote the 2050 Carbon Neutrality Goal.

Recently, Hong Kong Financial Secretary Paul Chan Mo-po pointed out during an event in Davos, Switzerland that both the country and Hong Kong are firmly and steadily moving towards the goal of carbon neutrality. He shared Hong Kong's targets and strategies to achieve carbon neutrality by 2050, including inducing changes in the behavior of businesses and consumers through government policies, such as tax deductions for electric vehicles and incentives for green buildings. In addition, financial support is provided for trials of sustainable hydrogen-powered transportation vehicles to encourage innovation. On the other hand, Hong Kong, as an international financial center, actively encourages private capital to participate in carbon reduction efforts through a rich ecosystem of green financial products, such as green bonds, Environmental, Social and Governance (ESG) funds, etc. The Hong Kong SAR government also promotes financial innovation, such as issuing tokenized green bonds to allow more investors to participate in green projects, securitizing infrastructure projects to release funds for reinvestment in new projects, and so on. Paul Chan Mo-po emphasized that public support and trust are key to achieving the green transition. The Hong Kong SAR government sets internationally aligned standards, including sustainable classification catalogs and disclosure standards, to ensure that funds are truly used for green projects. For high-emission companies from both domestic and overseas, such as mining companies, listing in Hong Kong for fundraising not only provides market support for their development, but also enhances their governance level, transparency, and recognition in the global market.