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Hong Kong and Netherlands Collaborate on Sustainable Finance and Green Development
Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, recently completed a successful visit to the Netherlands, highlighting the city’s leading role in sustainable finance and Web3 innovation.
During his visit, Hui engaged with key financial stakeholders, including regulators, fintech professionals, and asset managers. He also participated in Money 20/20 Europe, a major fintech event, where he shared insights into Hong Kong’s financial landscape.
Pioneering Tokenized Green Bonds
A key highlight of Hui’s presentation was Hong Kong’s pioneering work in tokenized green bonds, being the first government globally to issue such bonds. These bonds, issued in two successful rounds, have attracted significant institutional investment and demonstrated Hong Kong’s commitment to transparency and investor access in sustainable finance. Hui also emphasized Hong Kong’s alignment with international sustainability disclosure standards, reinforcing the city’s leadership in this area.
In addition to green finance, Hui discussed Hong Kong’s progress in the Web3 space. He highlighted the mBridge project, a cross-border CBDC initiative, and the recent completion of public consultation on stablecoin regulation, demonstrating Hong Kong’s proactive approach to fostering a thriving Web3 ecosystem.
Hui’s visit also included high-level meetings with Dutch financial officials, including discussions on financial regulation and bond issuance. He also engaged with the Netherlands Foreign Investment Agency and a venture capital firm to explore collaboration opportunities in sustainable Web3 development and fintech.
Building Bridges and Promoting Innovation
Furthermore, Hui met with the Chinese Ambassador to the Netherlands to discuss the importance of a sustainable economy and innovation, emphasizing Hong Kong’s role as a bridge between the Netherlands and Mainland China.
During a dinner gathering with industry leaders, Hui shared insights into Hong Kong’s latest financial innovations for a sustainable Web3 ecosystem, highlighting the city’s strengths in asset allocation and family office business development.
A Leading Financial Hub
Overall, Hui’s visit underscored Hong Kong’s commitment to driving innovation in sustainable finance and the Web3 space, while also fostering international collaboration and promoting the city as a leading financial hub.
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