{
  "id": 12630342,
  "title": "Hong Kong and Indonesia can deepen green finance ties, Jakarta envoy says",
  "url": "https://urgent.news/2026/10/07/hong-kong-and-indonesia-can-deepen-green-finance-ties-jakarta-envoy-12630342",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T12:48:14.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3370083/hong-kong-and-indonesia-can-deepen-green-finance-ties-jakarta-envoy-says"
  },
  "original_language": "en",
  "account": "Hong Kong and Indonesia can strengthen their green finance collaboration, according to Indonesia's special envoy for international trade, Mari Elka Pangestu. She highlighted that Hong Kong's common law expertise can assist Indonesia in attracting family offices and investors. Pangestu noted that Hong Kong and Asean's merchandise trade had grown at an annual average rate of 7.6% over the past five years, reaching HK$1.66 trillion (US$211.5 billion) in 2025, or 15.3% of the city's total trade. She emphasized the potential for financial connectivity, green bonds, sustainable finance, and infrastructure investment in their partnership. Pangestu also pointed out that the surge in global fuel prices has increased the urgency for renewable energy production in Asean countries, creating new investment opportunities, such as the electric vehicle market. She stressed the importance of aligning green bond standards and taxonomies to mobilize private capital for Southeast Asia's energy transition. Pangestu further explained that Hong Kong could support Indonesia's drive to attract family offices and investors by offering its legal expertise and talent pool, particularly in providing legal certainty through common law. She also mentioned the signing of an agreement between the People's Bank of China, the Hong Kong Monetary Authority, and Bank Indonesia, which enables the direct exchange and settlement of Indonesian rupiah and Chinese yuan in cross-border trade and investment activities. However, only about 10% of trade between Indonesia and China is currently settled in renminbi, which Pangestu attributed to limited business awareness and availability. She also addressed challenges facing Indonesia's economy, such as the fall of its currency against the US dollar and high US interest rates, as well as the need for the government to improve the investment environment to support stronger economic expansion.",
  "summary": "Hong Kong and Indonesia can deepen cooperation in green finance as their ties strengthen, the country’s special envoy for international trade has said, adding that the city’s common law expertise can support the nation’s efforts to attract family offices. Hong Kong also played a vital role as a conduit channelling mainland China investments to Asean, Mari Elka Pangestu told reporters before…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post - Hong Kong",
        "title": "Hong Kong and Indonesia can deepen green finance ties, Jakarta envoy says",
        "url": "https://urgent.news/2026/10/07/hong-kong-and-indonesia-can-deepen-green-finance-ties-jakarta-envoy",
        "published": "2026-10-07T12:48:14.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}