Hong Kong promotes itself as 'ideal environment' for green finance at regional development project summit

By Serdar Dincel

ISTANBUL (AA) - Hong Kong positioned itself as a key player in the global green transition, promoting its "ideal environment" for raising funds among nations participating in China’s massive Belt and Road Initiative, or BRI.

Speaking a summit meeting of the initiative on Wednesday, Financial Secretary Paul Chan emphasized the city’s ability to support infrastructure and sustainability projects through its robust financial services sector.

"We provide an ideal environment for Belt and Road governments and companies to raise funds for infrastructure, green transition, and community projects," Chan said.

Hong Kong's Chief Executive John Lee also underscored the importance of green development in international cooperation.

"Hong Kong contributes to the cause of sustainability by not only developing green tech, but also by leveraging our expertise in financial services and driving the development of green finance," Lee told summit participants.

The two-day Belt and Road Summit is themed "Building a Connected, Innovative and Green Belt and Road."

Over 6,000 attendees from 70 countries and regions, including representatives from 38 state-owned enterprises, are taking part in the event aimed at fostering collaboration and investment in sustainable initiatives.