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Hong Kong vows to boost green finance and innovation role for sustainable growth

Edith Lin
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Hong Kong’s Financial Secretary Paul Chan announced plans to accelerate the city’s role in global green finance and innovation, positioning it as a key driver for carbon-neutral development during the China Development Forum in Beijing on March 22, 2026. Chan emphasized Hong Kong’s dual strengths as an international financial hub and emerging innovation center, pledging to channel capital and technology into green transitions through both green finance and green tech solutions. The city was described as a “super value-adder” in sustainability, offering not just funding but also green standards, technological expertise, and cross-border solutions to support China’s and global low-carbon goals. Leveraging its “one country, two systems” framework, Hong Kong will bridge China and Western markets, using its financial connectivity and growing tech ecosystem to advance sustainable development initiatives. Chan’s remarks followed meetings with Chinese Finance Minister Lan Foan, focusing on economic cooperation and aligning fiscal policies to strengthen cross-border collaboration in green and low-carbon sectors.
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Hong Kong vows to boost green finance and innovation role for sustainable growth

AdvertisementHong Kong economyHong KongHong Kong EconomyHong Kong vows to boost green finance and innovation role for sustainable growthFinance chief Paul Chan says Hong Kong will channel capital and innovation into the global green transition for carbon-neutral development3-MIN READ3-MIN ListenEdith Linin BeijingPublished: 6:58pm, 22 Mar 2026Updated: 8:47pm, 22 Mar 2026Hong Kong’s finance chief has pledged to support the regional and global transition to a green economy by leveraging the city’s role as an international financial centre and a developing innovation and technology hub.Financial Secretary Paul Chan Mo-po delivered the remarks at the China Development Forum in Beijing on Sunday, the fifth day of his six-day trip to the capital. He also met Chinese Finance Minister Lan Foan, exchanging views on the national and global economic outlook and fiscal policies, as well as on strengthening cross-border cooperation.Chan told a forum event that Hong Kong could contribute to the irreversible trend of green and low-carbon development, as China demonstrated its determination and leadership in the process.Advertisement“Hong Kong is a leading international financial centre, while expediting its development as an international innovation and technology hub. We contribute to regional and global green transition from the perspectives of green finance and green technology,” he said at a symposium on low-carbon transition and sustainable development.“Hong Kong is a ‘super value-adder’ in global green transition, as we not only offer capital, but also green standards, technology and solutions.”AdvertisementChan said the city enjoyed unique advantages supported by its motherland and global links under the “one country, two systems” governing principle, with financial connections between China and the West, and a thriving innovation and technology ecosystem.AdvertisementSelect VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x

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Source: South China Morning Post Business

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