The Chief Executive of the Hong Kong Monetary Authority, Eddie Yue, stated that Hong Kong and Asia are actively promoting central bank digital currencies (CBDCs), and the Monetary Authority is testing retail applications while there is even greater potential for wholesale applications. CBDCs can help solve long-term pain points such as inefficient and expensive cross-border payments, and the wholesale CBDC sandbox will be launched in mid-year. Yue believes that Hong Kong's green finance ecosystem is sound and that Hong Kong should not only mobilize funds to connect with Hong Kong's climate transformation, but also assist the transformation of the mainland and Asia. The financial challenges of transformation are great, and Hong Kong is focusing on classification and guiding banks towards transformation, emphasizing that climate transformation requires the joint efforts of new development banks, regulatory agencies, and investors.

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