Market Dynamics
LCQ15: Development of green finance
Following is a question by the Hon Yim Kong and a written reply by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, in the Legislative Council today (April 27): Question: There are views pointing out that the development of green finance will enable Hong Kong to fully leverage its advantages as an international financial centre, and contribute to the national strategic goals of achieving carbon emission peak before 2030 and carbon neutrality before 2060 (the twin carbon goals). Some analyses have pointed out that the green and low-carbon investments required by the Mainland for achieving the twin carbon goals can amount to Renminbi (RMB) 100 trillion to...
DetailsLCQ12: Consolidating Hong Kong's position as international maritime centre
Following is a question by the Hon Yim Kong and a written reply by the Secretary for Transport and Housing, Mr Frank Chan Fan, in the Legislative Council today (May 25): Question: The Outline of the 14th Five-Year Plan for National Economic and Social Development of the People's Republic of China and the Long-Range Objectives Through the Year 2035 (the 14th Five-Year Plan) expressly proposes to expedite the development of a world-class port cluster and supports Hong Kong in enhancing its status as an international maritime centre. There are views pointing out that given the keen competition currently among various major ports in the Pearl River Delta, the Government has to keep...
DetailsLCQ22: Enhancing the competitiveness of the securities market of Hong Kong
Following is a question by Dr the Hon Tan Yueheng and a written reply by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, in the Legislative Council today (May 25): Question: According to the statistics released by an accounting firm, Hong Kong ranked sixth in the world in terms of funds raised through initial public offerings (IPOs) in the first quarter of this year, with the amount slumping nearly 90 per cent year-on-year to only about $13.6 billion, hitting a record low in nearly nine years. On the other hand, some members of the financial sector are of the view that, as announced by the Hong Kong Exchanges and Clearing Limited (HKEX) in March this year,...
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