IFFO hosts panel discussion on Sustainable Finance in the Greater Bay Area at the sixth Belt and Road Summit.
ENPNewswire-September 2, 2021--IFFO hosts panel discussion on Sustainable Finance in the Greater Bay Area at the sixth Belt and Road Summit
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Release date- 01092021 - The HKMA Infrastructure Financing Facilitation Office (IFFO) today (1 September) hosted a panel discussion on ' 'Greener' Bay Area: through the Sustainable Finance Lens' at the sixth Belt and Road Summit, delving into sustainable development and related financing in the Greater Bay Area (GBA), with a focus on green supply chain and infrastructure financing.
Mr Yu Haiping, Director General, Guangdong Financial Supervisory Authority, opened the session with a review of the green finance opportunities and its current situation in the GBA.
The panel discussion was moderated by Mr Darryl Chan, Executive Director (External) of the HKMA and Deputy Director of the IFFO, and featured the following industry leaders as speakers:
Mr Frank Fang, Head of Commercial Banking, The Hongkong and Shanghai Banking Corporation Limited;
Mr Neil Johnson, Managing Director, Macquarie Asset Management;
Mr Ed Lam, Chief Executive Officer, LFX; and
Ms Sammie Leung, ESG Partner, PwC Mainland China and Hong Kong.
The speakers discussed the landscape, opportunities, as well as upcoming trends of sustainable development and financing in the GBA.
'With the introduction of the overall goal of the country's 'Carbon Peak and Carbon Neutrality', the Guangdong-Hong Kong-Macao Greater Bay Area has a new historical mission for green finance reform and innovation. In the future, GBA will deepen and refine the green finance collaboration in accordance with the national 'Carbon Peak and Carbon Neutrality' policy framework. We suggest to jointly study and improve the green finance standards for the GBA, expand the scale of green financial products, and explore the development of a unified carbon market in the GBA,' said Mr Yu Haiping.
'Sustainable development in the GBA represents an opportunity that is too big to miss for all stakeholders,' said Mr Darryl Chan. 'We are committed to strengthening Hong Kong's role as an international financial centre and a green finance hub, and offering the needed financial solutions to accelerate the sustainable development of the GBA.'
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