At Hong Kong Green Finance Association’s HKGFA seventh annual forum held in October, the city’s financial secretary, Paul Chan Mo-po, ambitiously said that Hong Kong could be “Asia’s leading transition finance hub”. In his opening speech, he cited a robust regulatory framework, well-developed financial infrastructure and market, and compliance expertise, as the Special Administrative Region’s SAR main advantages.
“What we need now is to raise the awareness of the necessity of transition finance, and the potential it offers,” Chan said.
Transition finance refers to investments dedicated to decarbonising high-emitting economic activities to support environmental protection. Such financing facilities are usually targeted at what is called “hard-to-abate” sectors,...
