Hong Kong Green Week to Showcase Leadership in Sustainable Finance and Climate Innovation

InvestHK and Hong Kong Green Finance Association join hands to promote green and sustainable finance

​Invest Hong Kong (InvestHK) and the Hong Kong Green Finance Association (HKGFA) today (August 29) announced their collaboration to promote green and sustainable finance in the lead up to Hong Kong Green Week, taking place September 8 to 12. Kicking off with the HKGFA's 8th Annual Forum on September 8, the week will spotlight Hong Kong's leadership in green technology, green fintech, and climate innovation, reinforcing its pivotal role in accelerating Asia's low-carbon transition.

Hong Kong Green Week will highlight Hong Kong's strategic priorities and achievements in sustainability, including its policy roadmap, robust regulatory framework and commitment to international collaboration. The joint efforts of InvestHK and the HKGFA aim to channel capital into high-impact green projects, catalyse new solutions for transition finance, and support capacity building in developing countries and emerging markets.

The Global Head of Financial Services, FinTech & Sustainability at InvestHK, Mr King Leung, said, "Hong Kong will further solidify its position as a launch pad for green and sustainable capital during the upcoming Hong Kong Green Week. Supported by a robust financial system meeting international standards, world-class infrastructure, and a globally aligned taxonomy, we channeled capital into transformative green projects across regions and industries. Our collaboration with the HKGFA ignited a powerful wave of cross-sector partnerships, advancing sustainability goals."

The Chairman and President of the HKGFA, Dr Ma Jun, added, "Hong Kong demonstrated its pivotal role in advancing Asia's climate leadership, particularly amid the context of the United States' withdrawal from the Paris Agreement. Hong Kong Green Week is set to showcase our capabilities to host regional platforms and dialogues, fostering policy consensus, facilitating innovative cross-border transactions, and driving capacity building in emerging markets."

HKGFA Executive Vice President Ms Tracy Wong Harris said, “Transition finance is paving the way for corporates to accelerate decarbonisation while maintaining sustainable growth. Through initiatives like the HKGFA's Transition Planning Knowledge Repository, we are empowering the market with purpose-built tools and insights to develop credible transition strategies aligned with ambitious climate targets. By integrating climate and nature considerations into policy, Hong Kong is further advancing its financial infrastructure and climate risk management system to help the real economy to transition to net-zero."

HKGFA Executive Vice President Ms Chaoni Huang said, "Robust global connectivity and regional collaboration on expanding leading frameworks such as the Taskforce on Nature-related Financial Disclosures (TNFD) are essential to advancing sustainable finance. As a co-convenor of the TNFD in Hong Kong, the HKGFA is at the forefront of building capacity and fostering crucial dialogue to integrate nature-related risks into financial decision-making. By working alongside our members and partners globally, the HKGFA will continue to enhance the ecosystem's capacity to assess and manage nature-related risks and opportunities, bridging global sustainability standards with regional and local implementation."

InvestHK and the HKGFA hosted a media briefing today to share insights into Hong Kong's green and sustainable finance landscape and its central role in accelerating Asia's climate transition. The briefing also provided a preview of the highly anticipated Hong Kong Green Week, with the HKGFA's 8th Annual Forum launching the event. Speakers highlighted the importance of cross-agency coordination, policy innovation, and capacity building, alongside key initiatives. Case studies underscored the city's growing impact in climate-focused investment and regional collaboration.

For a copy of the photos, please visit: www.flickr.com/photos/investhk/albums/72177720328641440.

InvestHK and Hong Kong Green Finance Association join hands to promote green and sustainable finance Source: HKSAR Government Press Releases

Hong Kong Customs seizes suspected illicit cigarettes worth about $1.8 million

Hong Kong Customs yesterday (July 17) seized about 400 000 suspected illicit cigarettes with an estimated market value of about $1.8 million and a duty potential of about $1.3 million, at the Customs Tsing Yi Cargo Examination Compound.

Through risk assessment, Customs officers yesterday inspected a 20-foot seaborn consolidated container, declared as aluminum sheet, arriving in Hong Kong from Vietnam. Officers seized 400 000 suspected illicit cigarettes inside one of the consignments. The criminals had modified hollowed-out aluminum sheets as a container to conceal the illicit cigarettes in an attempt to deter detection by Customs.

Customs stresses that smuggling is a serious offence. Under the Import and Export Ordinance (Cap. 60), any person found guilty of importing or exporting unmanifested cargo is liable to a maximum fine of $2 million and imprisonment for seven years. Moreover, under the Dutiable Commodities Ordinance (Cap. 109), any person who deals with, possesses, sells or buys illicit cigarettes commits an offence. The maximum penalty upon conviction is a fine of $2 million and imprisonment for seven years.

Members of the public may report any suspected illicit cigarette activities to Customs' 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk), or online form (eform.cefs.gov.hk/form/ced002).

Hong Kong Customs seizes suspected illicit cigarettes worth about $1.8 million Source: HKSAR Government Press Releases

Hong Kong Customs seizes suspected illicit cigarettes worth about $1.8 million Source: HKSAR Government Press Releases

Hong Kong Customs seizes suspected illicit cigarettes worth about $1.8 million Source: HKSAR Government Press Releases