HKMA and DFSA Host Joint Climate Finance Conference to Enhance Sustainable Investment and Innovation

DFSA and HKMA co-host second Joint Climate Finance Conference, showcasing opportunities to accelerate sustainable finance through innovation

The following is issued on behalf of the Hong Kong Monetary Authority:

The Dubai Financial Services Authority (DFSA) and the Hong Kong Monetary Authority (HKMA) today (November 26) hosted the second Joint Climate Finance Conference. The hybrid conference, which took place in Dubai, the United Arab Emirates, brought together nearly 250 participants across both regions.

As the flagship initiative of the DFSA-HKMA partnership to support and enable climate finance in the Middle East and Asia, this year's conference focused on financial risks arising from climate change and innovation. It featured a series of dynamic discussions on how the two regions can leverage their strengths in finance and technology to collaborate on the development and deployment of innovative products and solutions, to facilitate energy transition and other sustainable development goals of the region and beyond.

The conference also provided a deep dive into the findings of the DFSA-HKMA joint research "Scaling Sustainable Debt in Emerging Markets", developed with knowledge partner BloombergNEF, on the role of sustainable debt in scaling up climate finance in emerging markets.

Supported by strategic partners including Dubai International Financial Centre Authority, Nasdaq Dubai, and Hong Kong Exchanges and Clearing Limited, the conference featured distinguished speakers in business, commerce, and financial services from across the Asia Pacific and Middle East and North Africa regions. Their participation underscores the event's role as a premier platform for cross-industry dialogue, knowledge sharing, and collaboration on initiatives that drive long-term value and responsible investment in the region.

The Chief Executive of the DFSA, Mr Mark Steward,said, "By combining our strengths as international financial centres, we are creating new pathways for sustainable investment and innovation. Tokenisation and other emerging technologies, which have been discussed in detail today, have the potential to make climate finance more transparent, efficient, and globally accessible - accelerating the transition across the Asia-Middle East corridor."

Deputy Chief Executive of the HKMAMr Darryl Chansaid, "Dubai and Hong Kong are in a unique position to facilitate climate action across Asia and the Middle East, enabling economies in the region to capture the growth opportunities created by technology advancement in green sectors. With the window for decisive action narrowing, we must move fast to bridge the gaps between markets, between capital and projects, and between ambition and execution. The HKMA and the DFSA will continue to provide a platform for the much-needed dialogue and collaboration."

Details of the DFSA–HKMA Joint Climate Finance Conference can be found here.

DFSA and HKMA co-host second Joint Climate Finance Conference, showcasing opportunities to accelerate sustainable finance through innovation Source: HKSAR Government Press Releases

DFSA and HKMA co-host second Joint Climate Finance Conference, showcasing opportunities to accelerate sustainable finance through innovation Source: HKSAR Government Press Releases

DFSA and HKMA co-host second Joint Climate Finance Conference, showcasing opportunities to accelerate sustainable finance through innovation Source: HKSAR Government Press Releases

DFSA and HKMA co-host second Joint Climate Finance Conference, showcasing opportunities to accelerate sustainable finance through innovation Source: HKSAR Government Press Releases

Hong Kong Customs combats sale of suspected counterfeit and infringing jewellery at fair booths

Hong Kong Customs today (June 21) conducted an enforcement operation at the Jewellery & Gem ASIA Hong Kong (JGA) being held at the Hong Kong Convention and Exhibition Centre, seizing about 21 items of suspected counterfeit and infringing jewellery with a total estimated market value of about $30,000.

Customs received information alleging that counterfeit and infringing jewellery were displayed for sale at some booths at the JGA which lasted for four consecutive days starting from June 18.

After an in-depth investigation and with the assistance of the copyright owner, Customs officers today seized the batch of suspected counterfeit and infringing jewellery from two booths.

During the operation, one man and three women, aged between 24 and 50, were arrested for being suspected of contravening the Trade Descriptions Ordinance and the Copyright Ordinance. Two of them are persons-in-charge and two of them are staff. An investigation is ongoing and the likelihood of further arrests is not ruled out.

Customs attaches great importance to combating counterfeiting and infringing activities and will deploy officers to different exhibitions to conduct inspections from time to time. Customs will contact the relevant trademark or copyright owners immediately to confirm the authenticity of the goods when suspected counterfeit or infringing goods are found. The department will also take enforcement action after investigations and with the assistance of the trademark or copyright owners.

Customs will continue to take stringent enforcement action. Booth exhibitors are reminded to respect intellectual property rights and not to sell counterfeit and infringing goods.

Under the Trade Descriptions Ordinance, any person who sells or possesses for sale any goods with a forged trademark commits an offence. The maximum penalty upon conviction is a fine of $500,000 and imprisonment for five years.

Under the Copyright Ordinance, any person who sells or possesses for sale an infringing copy of a copyright work commits an offence. The maximum penalty upon conviction is a fine of $50,000 for each piece of infringing goods and imprisonment for four years.

Members of the public may report any suspected counterfeiting 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 combats sale of suspected counterfeit and infringing jewellery at fair booths Source: HKSAR Government Press Releases