Economic alliances 'key as global challenges evolve'
Secretary for Financial Services and the Treasury Christopher Hui has called on all economies to work together to achieve long-term prosperity. He made the remarks during a seminar on trade and supply-chain finance as well as green and sustainable finance at the Asia-Pacific Economic Cooperation finance ministers’ meeting on Tuesday. Hui noted that the seminar allowed regulators, business leaders…
Christopher Hui, the Secretary for Financial Services and the Treasury, urged economies to collaborate for sustained prosperity during a seminar at the Asia-Pacific Economic Cooperation finance ministers’ meeting. The gathering aimed to discuss financial resilience and sustainable growth among regulators, business leaders, and experts.
Hui emphasized that prosperity cannot be achieved by individual economies, but rather through partnership, innovation, and resilience. He highlighted the significance of trade and supply-chain finance, as well as green and sustainable finance, in the region's development. The Hong Kong government has bolstered support for small and medium-sized enterprises through trade promotional initiatives and green finance development, striving to establish an international carbon market.
This includes collaborations such as the Hong Kong Exchanges and Clearing's Core Climate marketplace and the SAR's involvement in cross-boundary carbon trading. Hui concluded by stating that leveraging Hong Kong's financial prowess as a premier international financial center could bolster the country's global environmental sustainability efforts, creating a formidable engine for environmental progress.
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