James Lau: Hong Kong will soon push forward a roadmap for green bonds adopting international financial reporting standards in the coming weeks, supporting the use of blockchain technology.

DailyNews

2024-11-28 13:37:08

Abstract generation in progress

Odaily Planet Daily News Hong Kong Chief Executive Carrie Lam said at the Hong Kong Association of Banks that since May 2019, Hong Kong has issued HKD 220 billion worth of green sustainable bonds in multiple currencies, making Hong Kong a leader in the green bond market. In the coming weeks, a roadmap for adopting international financial reporting standards will be launched, making Hong Kong one of the first jurisdictions to align its local and international sustainability reporting requirements. The Hong Kong government is determined to develop Hong Kong into a regional green finance center, committed to innovation and technological progress in the financial sector, including providing funding programs for the concept proof of green financial technology, and providing early-stage funding support for related projects. FinTech can also help companies improve efficiency and maintain competitive advantages by using artificial intelligence (AI) and blockchain technology. (Aastocks)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.