Hong Kong Green Finance Association's Ma Jun: Hong Kong maintains a leading position in the development of green finance in various aspects.

Chairman and President of the Hong Kong Green Finance Association, Ma Jun, stated in his speech 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 goals for the banking system and issuing tokenized green bonds. He also believes that Hong Kong has the ability and responsibility to become a regional platform for policy dialogues and product innovation. Moreover, there are increasing opportunities for cooperation in the green economy with mainland China and 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 around 40 trillion yuan, making it the global leader. Fourteen jurisdictions in Asia, including China and Hong Kong, have adopted the disclosure standards of the International Sustainability Standards Board (ISSB) or decided to align their disclosure standards with ISSB. Although facing geopolitical challenges such as the United States' second withdrawal from the Paris Agreement, he emphasized the increasingly important role of Asia in the field of green sustainability.