HK can assist green push within the Belt and Road: CE

Chief Executive John Lee on Monday said Hong Kong could help enhance connections among Belt and Road economies and combine their strengths to advance the development of green technologies and sustainable businesses. Lee made the remarks at the Belt and Road Green Innovation Conference, which is being held in the SAR for the first time. He said Hong Kong, as a leading green and sustainable finance hub, connects green projects with global capital. “For example, a solar energy project can bring together Chinese mainland equipment suppliers, a Southeast Asian developer and Middle Eastern investors,” Lee said. “Hong Kong can help these partners raise finance, structure their investments, arrange insurance and manage cross-border risks. “Our contribution, let me add, is about more than matching capital with projects. Hong Kong’s professional services also help ensure that a project is bankable and insurable.” Lee said Hong Kong is also able to connect green technologies with the markets that need them. He said the SAR would launch a Green Technology Bridgehead Programme next year, which could help mainland and overseas green enterprises spread their ideas and take their solutions to Belt and Road markets. The city, meanwhile, could also assist firms from Belt and Road countries reach out to the wider...