Chen Maobo: Hong Kong welcomes the Asian Development Bank to strengthen support for developing countries in addressing climate change, developing private markets, etc.

09:39 06/05/2025

He mentioned that Hong Kong, China welcomes the Asian Development Bank to enhance support for developing countries in addressing climate change, developing private markets, promoting regional cooperation, and digital transformation.

On May 5th, Hong Kong Financial Secretary Paul Chan Mo-po attended the annual meeting of the Asian Development Bank in Milan, Italy. He stated that Hong Kong welcomes the ADB to strengthen its support for developing countries in addressing climate change, developing private markets, promoting regional cooperation, digital transformation, and other initiatives. At the same time, Hong Kong also supports enhancing technical support for developing countries to improve the effectiveness of development projects. He pointed out that as an international financial center, Hong Kong is willing to continue sharing knowledge and exchanging experiences with other members in establishing capital markets, promoting green transformation and green finance development, infrastructure financing, and other areas. In addition, Paul Chan Mo-po also met with Rachel Thompson, a director representing Hong Kong's group on the ADB Board of Directors, to discuss how Hong Kong can better assist the ADB in issuing insurance-linked securities products, including catastrophe bonds, and exchanged views on the matter.

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The People's Bank of China has increased its gold holdings for the 15th consecutive month.

100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.