Visit to Brussels of the Secretary for Financial Services and the Treasury

Hong Kong's Secretary for Financial Services and the Treasury, Mr Christopher Hui, is visiting Brussels from Thursday 13 to Saturday 15 April 2023.

On Thursday 13 April, Mr Hui met with leaders of the financial sector to promote Hong Kong's strengths in fintech and green finance at a high-level dialogue.

Speaking at the High-level Dialogue cum Dinner on the theme "Hong Kong's Unique Position as the Green Finance and Fintech Capital of Asia", Mr Hui shared with the participating financial stakeholders that reducing carbon emissions and realising sustainable development are high priorities for governments and institutions all over the world. He noted that the European climate law makes reaching the European Union's climate goal of reducing EU emissions by at least 55% by 2030 a legal obligation, while Hong Kong has targeted to reduce carbon emissions by 50 per cent before 2035 and achieve carbon neutrality before 2050.

"Hong Kong is a leading player in green finance. In 2022, green and sustainable debts arranged or issued in Hong Kong amounted to over US$80.5 billion," Mr Hui said, adding that the US$101 million tokenised green bond issued by the Hong Kong Special Administrative Region Government in February this year, the first of its kind released in the world by a government, could further entrench the awareness of sustainability issues in combination with technology.