Hong Kong Commits to ISSB Standards at AIIB Meeting, Enhancing Financial Transparency and Investor Confidence

2025-06-25 17:41 Last Updated At：18:18

SFST looks for more co-operation opportunities with AIIB member states at its 10th Annual Meeting of Board of Governors in Beijing

The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said during a side event at the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) today (June 25) that Hong Kong shares the AIIB's mission of providing high-quality financial disclosures as a reliable player that builds trust with stakeholders.

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SFST looks for more co-operation opportunities with AIIB member states at its 10th Annual Meeting of Board of Governors in Beijing Source: HKSAR Government Press Releases

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SFST looks for more co-operation opportunities with AIIB member states at its 10th Annual Meeting of Board of Governors in Beijing Source: HKSAR Government Press Releases

Speaking at the side event on "Implementing the International Financial Reporting Standards - Sustainability Disclosure Standards (ISSB Standards) from the Ground Up: The AIIB Journey", Mr Hui noted that while the AIIB is one of the first multilateral development banks to adopt the ISSB Standards, Hong Kong was also confirmed by the International Financial Reporting Standards Foundation earlier this month as among the initial set of jurisdictions having set a target of fully adopting the ISSB Standards.

He said, "By aligning with a global standard, we ensure international comparability of our data. This not only boosts investor confidence but also creates a strong foundation for new opportunities. The Hong Kong Special Administrative Region Government will continue to work in collaboration with financial regulators and stakeholders to support the pragmatic implementation of the ISSB Standards through enhancing capacity building and promoting the use of technological solutions."

This afternoon, Mr Hui also spoke on "Fostering Development and Infrastructure Connectivity" at the Governors' Business Roundtable. He shared with delegations from other member states Hong Kong's efforts in fostering development in sustainable finance as well as developing diverse and innovative financial products. The latter includes the roll-out of the Infrastructure Bond Programme and the issuance of infrastructure loan-backed securities by the Hong Kong Mortgage Corporation Limited (HKMC) with the AIIB as an anchor investor. He told the delegations that a third issuance by the HKMC can be expected this year.

At the AIIB President's Reception and the Special Session of the Board of Governors' meeting held yesterday (June 24), Mr Hui met with the President of the AIIB, Mr Jin Liqun, and the President-elect of the AIIB, Ms Zou Jiayi. He also met financial officials of other member states to update them on Hong Kong's latest developments in green and sustainable finance, and the recent vibrant financial market situation.

In addition, Mr Hui held bilateral meetings separately with delegations from Egypt, Germany and Poland on the sidelines of the Annual Meeting to explore opportunities for further co-operation.

During his stay in Beijing, Mr Hui met with the President of the Industrial and Commercial Bank of China, Mr Liu Jun, and the Chief Financial Officer of the China Construction Bank, Mr Sheng Liurong. He will return to Hong Kong tonight.

RTHK and TDM Sign MOU to Enhance Collaboration in Broadcasting and Cultural Exchange

RTHK signs Memorandum of Understanding with TDM

Radio Television Hong Kong (RTHK) today (May 13) signed a Memorandum of Understanding (MOU) in Macao with Teledifusão de Macau, S.A. (TDM), committing to strengthen collaboration in areas including programme exchange and talent development. The Director of Broadcasting, Ms Angelina Kwan, also attended the Asia-Pacific Broadcasting Union (ABU) Administrative Council Meeting and exchanged views with broadcasters in the region.

The Vice President of the ABU and the Director General of the International Cooperation Department of National Radio and Television Administration, Ms Zhou Jihong, witnessed the signing of MOU betweenMs Kwan and the Director of the Executive Committee of TDM, Ms Lo Song Man. Under the programme exchange initiative, RTHK's productions such as the large-scale documentary "Lin Zexu: Beyond the Humen Opium Destruction", which recounts the deeds of a national hero, and "Hong Kong Stories: Master In The House 2", showcasing Hong Kong's craftsmanship, will be broadcast in Macao. Meanwhile, TDM's programme on historical figures of Macao will be aired in Hong Kong.

Ms Kwan stated that RTHK hopes the memorandum will further deepen co-operation with TDM, deepen mutual understanding between audiences in Hong Kong and Macao, and strengthen public appreciation of history of the nation. She pointed out that RTHK has actively expanded its collaboration network, establishing partnerships over the past year with broadcasters in Malaysia, Vietnam, Guangdong, and Guangxi etc. Leveraging Hong Kong's advantage of connecting the Mainland and the world, RTHK programmes have reached audiences across different regions. She reaffirmed RTHK's commitment to telling the good stories of the country and promoting Chinese culture.

During her visit, Ms Kwan also attended the 121st ABU Administrative Council Meeting, where she exchanged views with broadcasting professionals from various countries and regions. RTHK has been an active participant in the ABU, serving as a member of the Administrative Council for over 20 years. RTHK will host the ABU Robocon 2026 this August in Hong Kong, bringing together over 300 elite engineering students in teams from 15 Asia-Pacific countries and regions. As the largest university-level robotics competition in the Asia-Pacific region, the ABU Robocon serves as a premier platform for technical excellence and ingenuity. By hosting this international event in Hong Kong, RTHK aims to foster greater exchange and collaboration among young people in engineering, technology and innovation across the region.

Hong Kong Commits to ISSB Standards at AIIB Meeting, Enhancing Financial Transparency and Investor Confidence

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