According to Odaily Planet Daily, Hong Kong Chief Executive John Lee said at the Hong Kong Association of Banks that Hong Kong has issued HK$220 billion of green sustainable bonds since May 2019, becoming a leader in the green bond market.
A roadmap for adopting International Financial Reporting Standards will be launched in the coming weeks, making Hong Kong one of the first jurisdictions to align with international sustainability reporting requirements. The Hong Kong government is committed to developing into a regional green finance hub.
The Hong Kong government supports financial innovation and technological advancement, including providing funding programs for green financial technology and using AI and blockchain technology to improve corporate efficiency and competitiveness.
