China Chengxin Group Merges with MioTech to Enhance ESG Services in Hong Kong

China Chengxin Green Finance expands Hong Kong business for go-global enterprises with enhanced ESG fintech services

Invest Hong Kong (InvestHK) announced that China Chengxin Group, one of the Chinese Mainland's longest-established and largest credit rating agencies, is expanding its business in Hong Kong. Under this expansion, its green finance and environmental, social and governance (ESG) arm, China Chengxin Green Finance (CCXGF), today (September 1) entered into a strategic merger with leading Asian sustainability tech platform MioTech to form "CCX-MioTech". The new entity will offer a dedicated ESG and sustainable development services platform for Mainland enterprises looking to expand abroad, further reinforcing Hong Kong's role as a launchpad for Mainland and international enterprises expanding overseas.

A launch ceremony for the CCX-MioTech merger, together with the debut of the entity's new AI system products, was held in Hong Kong today. Officiating guests at the launch ceremony included the Founder and Chairman of China Chengxin Group, Mr Mao Zhenhua; the Acting Commissioner for Digital Policy of the Innovation, Technology and Industry Bureau, Mr Daniel Cheung; Associate Director-General of Investment Promotion of InvestHK Ms Loretta Lee; the Associate Director of International Affairs and Sustainable Finance of the Securities and Futures Commission, Ms Elaine Ng; the Head of Carbon and ESG Products of Hong Kong Exchanges and Clearing Limited, Mr Ken Chiu; the Chief Executive Officer of the Asia Pacific Loan Market Association, Mr Philip Kam; the Senior Director, Asia Pacific of the International Capital Market Association, Mr Ricco Zhang; the Secretary General of the Hong Kong Green Finance Association Mr Tsun Chen; and the Chairman of the Hong Kong Investor Relations Association, Dr Eva Chan.

Ms Lee, said, "Hong Kong is well positioned to meet the Mainland's huge demand for green transformation. Our common law system, robust ESG framework and leading professional services make the city an ideal platform for Mainland enterprises to expand overseas. We are delighted to see CCXGF using Hong Kong as its base and joining forces with MioTech to bring AI-powered Chinese ESG fintech services to the world, demonstrating Hong Kong's unique strengths as a 'super connector' and 'super value-adder'."

The Co-President of CCX-MioTech and Chief Executive Officer of China Chengxin Green Finance International, Dr Yang Junhao, said, "As Asia's sustainable finance centre, Hong Kong is ideally placed to capture the vast opportunities of both the Chinese Mainland and international markets. Its increasingly robust ESG governance framework also gives us an important edge as we position our sustainable finance business strategically. Since beginning operations here in 2022, we became a recognised external reviewer under the Hong Kong Monetary Authority in 2023. Through today's strategic merger with MioTech, we will use Hong Kong as our go-global hub to take our standardised, technology-driven professional capabilities further into Southeast Asia and markets worldwide."

CCXGF is one of the earliest professional institutions on the Chinese Mainland to provide third-party green finance services, with a long-standing focus on green finance assessment and certification, ESG ratings and advisory, data services, and carbon neutrality research. MioTech, for its part, has consistently driven the deep integration of artificial intelligence, data and software into sustainability applications.

InvestHK provided one-stop support for China Chengxin Green Finance International's expansion in Hong Kong, including market intelligence, business matching, and connections with local and overseas industry stakeholders, helping to raise the company's industry profile and open up cross-regional market opportunities.

For more information about CCXGF, please visit www.ccxgfi.com/en/.

China Chengxin Green Finance expands Hong Kong business for go-global enterprises with enhanced ESG fintech services Source: HKSAR Government Press Releases

China Chengxin Green Finance expands Hong Kong business for go-global enterprises with enhanced ESG fintech services Source: HKSAR Government Press Releases

Hong Kong resident jailed for conspiracy to defraud and making false statutory declaration

A Hong Kong male resident was charged with one count of conspiracy to defraud and one count of making a false statutory declaration. He pleaded guilty to the charges at Shatin Magistrates' Courts, and was convicted and sentenced to 16 months' imprisonment yesterday (August 31).

The Outside Investigation Section of the Immigration Department (ImmD) through intelligence analysis found that the 32-year-old defendant married a Mainland female resident in Hong Kong in February 2025. The said female later obtained a Confirmation Certificate on Delivery Booking from a local private hospital for delivery services in Hong Kong by virtue of her marital relationship with the defendant. The said female attempted to enter Hong Kong for delivery in June of the same year. Due to doubts about the marital relationship between her and the defendant, she was refused permission to land by the ImmD and subsequently gave birth on the Mainland.

During the follow-up investigation by the ImmD, the defendant was arrested. The defendant admitted under caution that under the arrangement of a middleman, he was paid a total of about $50,000 as a monetary reward to contract a bogus marriage with the Mainland female resident in order to assist her to obtain visit endorsements and residency status in Hong Kong. The defendant also admitted that he knowingly made a false statutory declaration at a District Office, claiming to be the father of the expectant child of the Mainland femaleresident even though he knew that the expectant baby was not born to him, in order to assist the Mainlandfemale resident to obtain a Confirmation Certificate on Delivery Booking for delivery in Hong Kong. The investigation of other suspects is still underway, and the ImmD does not rule out the possibility of further arrests.

"The ImmD is concerned about the situation of non-local pregnant women seeking to give birth in Hong Kong by illegal means. While great efforts are made to intercept non-local pregnant women without a confinement booking at the control points, vigorous enforcement actions have also been taken to combat related immigration offences committed by non-local pregnant women and their abettors. Furthermore, the ImmD will continue to spare no effort in combating bogus marriages. For people who have obtained their residency in Hong Kong by fraudulent means, their Hong Kong identity card and residence status will be invalidated according to the laws of Hong Kong. They will also be subject to removal back to their place of origin," an ImmD spokesman said.

"According to the Immigration Ordinance, any person who makes any statement or representation which he knows to be false or does not believe to be true to immigration officers commits an offence. Offenders are liable to prosecution and upon conviction face a maximum fine of $150,000 and imprisonment for 14 years. Aiders and abettors are also liable to prosecution and the same penalties. Conspiracy to defraud is a serious offence. Offenders are liable to prosecution and upon conviction, under the Crimes Ordinance, the maximum penalty is imprisonment for 14 years. Moreover, under the Crimes Ordinance, a person who knowingly and wilfully makes a false statutory declaration shall be liable to prosecution and, upon conviction, to the maximum penalty of imprisonment for two years," the ImmDspokesman warned.

Source: AI-found images