ChainCatcher message, Hong Kong Legislative Council member (Financial Services Sector) Lee Wai-hung yesterday (November 27) presented the proposal "Promoting High-Quality Development, Building a Financial Power" at the Legislative Council meeting, which was passed.

It is reported that the proposal mainly revolves around six powerful key core elements, and aims to achieve the goal of a strong financial sector through the development of technology finance, green finance, inclusive finance, pension finance, and digital finance, referred to as the "five major articles." Regarding digital finance, he suggested allowing retail investors to participate in more types of virtual asset trading in different currencies, and for the Securities and Futures Commission to expedite the approval for license upgrades.

He also believes that Hong Kong could consider establishing a Hong Kong version of the ESG certification system to assist domestic enterprises in meeting international ESG reporting standards.