What Role Should Hong Kong Play in the Global Green Finance Revolution?
Green finance is set to revolutionise the financial services sector, and China is leading the world in setting out plans and starting to implement green reform. The 2016 G20 in Hangzhou was an opportunity to showcase this leadership on the global stage and China was co-chair of the Green Finance Study Group, whose recommendations were welcomed by the G20 leaders. The People’s Bank of China estimates that China will need to invest RMB 3-4 trillion per year in green projects during the 13th five-year plan period in order to meet the government’s environmental protection and energy saving targets. Here in Hong Kong, the Financial Secretary’s Budget Speech 2016-2017 made reference to green finance, and stated that the government will strengthen efforts to highlight Hong Kong’s competitive edge in developing green financial products. The Financial Services Development Council (FSDC) has since published their recommendations to government, in FSDC paper 23, ‘Hong Kong as a regional green finance hub.’ Hong Kong listed companies, including CLP, The Link and MTRC have responded by issuing green bonds. What more can Hong Kong businesses and the financial services sector do in order to seize the opportunities presented by this global trend? In this seminar, Dr Loh and Ms Routh will talk about: - Global trends and China’s latest plans. - Hong Kong’s latest policy focus and its relevance to the financial and business sector. Fill in registration form here