Financial Secretary Paul Chan Urges Global Collaboration for Green Investments
Financial Secretary Paul Chan made a significant call to action at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, on Tuesday. He emphasized the importance of promoting collaboration among public, private, and philanthropic sectors to encourage private investments in green and transition projects. This initiative aims to bridge the funding gap globally in responding to climate change and drive sustainability efforts.
Leading the Charge in Green Finance
Chan highlighted Hong Kong’s pivotal role as a leading green finance hub in Asia. This position is bolstered by the city’s robust ecosystem, bringing together financial institutions, professional services, and talent with expertise in green investments. He emphasized the role of family offices, private equity funds, and wealth and asset management in facilitating connections between wealth and climate transition projects.
Strategic Partnerships and Collaborations
During the WEF meeting, Chan shared insights on Hong Kong’s economic landscape and development strategies with attendees. He underscored the city’s collaborative efforts with sister cities in the Greater Bay Area to drive sustainable growth and innovation. Additionally, he met with key stakeholders, including the Director-General of the World Intellectual Property Organization (WIPO) and the United Arab Emirates’ foreign trade minister, to explore opportunities for cooperation in areas like intellectual property protection, talent training, finance, and trade.
Showcasing Hong Kong’s Unique Advantages
Chan took the opportunity to showcase Hong Kong’s unique advantages on the global stage. He highlighted the city’s role as a “super connector” and “super value-adder” between mainland China and the rest of the world. These strategic positioning creates valuable opportunities for global businesses and investors looking to access the dynamic markets in the region.
Through his engagements and discussions at the WEF Annual Meeting, Financial Secretary Paul Chan has set the stage for enhanced collaboration, innovation, and private investments in green projects. His advocacy for sustainable finance and strategic partnerships underscores Hong Kong’s commitment to driving positive change on a global scale. As we navigate the challenges of climate change and economic transitions, initiatives like these pave the way for a more sustainable and resilient future for all.
