Hong Kong Green Finance Association Ma Jun: Hong Kong remains at the forefront of green finance development in many aspects.

Chairman and president of the Hong Kong Green Finance Association, Ma Jun, stated in his address 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 plan goals for the banking system and issuing tokenized green bonds. He also believes that Hong Kong has the capability and responsibility to become a regional platform for policy dialogue and product innovation. Additionally, there are increasing opportunities for cooperation in the green economy with mainland China, global, and regional partners, especially with developing countries in need of green financing and green technology. He mentioned that in the first half of this year, China's green credit balance reached approximately 40 trillion yuan, the largest globally. Fourteen jurisdictions in Asia, including China and Hong Kong, have adopted the International Sustainability Standards Board's disclosure standards or have decided to align their disclosure standards with ISSB. He also stated 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.