Hong Kong can unlock capital to fill Asia’s US$800 billion climate-finance gap, AIIB says

Hong Kong can unlock capital to fill Asia’s US$800 billion climate-finance gap, AIIB says

Hong Kong can help Asia fill a staggering climate-financing gap by helping to tap a global pool of more than US$200 trillion to fund sustainable-infrastructure projects, according to the Asian Infrastructure Investment Bank (AIIB). There was a glaring disconnect between the vast amount of available capital and the low deployment of funds for climate action…

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Hong Kong striving to create favourable environment for stablecoins: Paul Chan

Hong Kong striving to create favourable environment for stablecoins: Paul Chan

Hong Kong authorities will strive to create a conducive environment for the wide-ranging application of stablecoins in a bid to provide practical help for businesses to resolve cross-border payment issues, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po on Sunday reaffirmed the government’s efforts in applying fintech to resolve long-standing “pain points”…

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