GREEN COMMITTEE CONVENES

The Green Technology & Finance Development Committee was established and convened its first meeting today under the chairmanship of Financial Secretary Paul Chan.

During the meeting, apart from learning about the Government's goals and strategies for achieving carbon neutrality and the work by relevant policy bureaus and financial regulators in driving the development of green technology and finance, members of the committee discussed matters on further promoting development in these areas.

Mr Chan said embracing green transformation and achieving carbon neutrality are common goals actively pursued by our country and other countries in the world, and Hong Kong's goals and strategies in promoting green development are very clear.

“In terms of green finance, we are already leading in Asia. In addition to serving as a green fundraising centre in the region, we also contribute to setting green standards for the global market in various aspects.

“In terms of green technology, Hong Kong also has a number of outstanding enterprises and startup companies, many of which have already expanded into overseas markets.

“In the future, Hong Kong will strengthen co-operation with its sister cities in the Guangdong-Hong Kong-Macao Greater Bay Area, robustly attract funds, technology, and talent from within the region and around the world, and channel funds to support green transformation within the region, in particular accelerating the development of the 'dual engine' of green technology and green finance, with a view to establishing a new industry chain.”

The committee was set up pursuant to the Financial Secretary's announcement in the 2023-24 Budget to assist in the formation of an action agenda for promoting the development of Hong Kong into an international green technology and financial centre.

Members of the committee include representatives from relevant policy bureaus, departments and financial regulators, as well as 13 non-official members from the relevant industries. The term of the non-official members will take effect from today for two years.

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