Anthony Au: Hong Kong is committed to promoting transformation within the region, with an average annual issuance of more than $63 billion in green bonds and debt over the past three years.

On November 14th, Greg So, Commissioner for Commerce and Economic Development of Hong Kong, attended the 35th Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting and stated that as a leading hub for green finance in Asia, Hong Kong is committed to promoting transformation within the region. Over the past three years, Hong Kong has arranged for the issuance of over $63 billion USD in green bonds and debts annually. So also mentioned that significant resources have been invested in building a thriving innovation and technology ecosystem, focusing on key industries such as new energy and materials. So emphasized the importance of utilizing digital technology to promote regularization, stating that digital government services can help reduce business costs and encourage businesses to participate in formal and global economies. Hong Kong has invested in digital infrastructure to create a favorable business environment, including the launch of "Commercial Data Interchange" to facilitate data sharing between banks and businesses. Additionally, Hong Kong recognizes the challenges faced by small and medium-sized enterprises and has been promoting the use of online dispute resolution to handle cross-border commercial disputes within the region. Regarding the topic of "achieving resilient growth through sustainable development," So mentioned that APEC member economies should increase financing and investment in innovation and research and development to support the transition to a green and low-carbon economy. He further stated that Hong Kong will continue to strongly support APEC's efforts in promoting environmental products and services, acknowledging the potential of trade to accelerate the transition to a low-carbon economy. So reiterated that Hong Kong is actively seeking to join the Regional Comprehensive Economic Partnership (RCEP), and welcomes the recent approval of the agreement's procedural details. He hopes for substantive discussions between Hong Kong and all RCEP members to take place soon.