FS visits Singapore

March 30, 2023

Regional focus:

Financial Secretary Paul Chan speaks at the China Conference: Southeast Asia 2023 held by the SCMP.

Scholarly insight:

Mr Chan speaks at a seminar at the National University of Singapore.

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Voiceover:
Financial Secretary Paul Chan began his visit to Singapore where he delivered a speech at the China Conference: Southeast Asia 2023. 

During his talk, he outlined three areas that Hong Kong will push forward to power its high-quality development. 

They include the digital economy, Web3 as well as the International GreenTech & GreenFi Centre.

Financial Secretary Paul Chan:
Our aspiration is much higher and bigger. We are determined to position ourselves as the centre for GreenTech and GreenFi (Green Finance). Hong Kong is home to a burgeoning cluster of GreenTech companies and startups. Some of their innovative solutions in carbon sequestration, environmental engineering, energy reduction, etc, are already finding success in the markets of the ASEAN (Association of Southeast Asian Nations), Middle East and other parts of the world. By synergising with the innovation competence and market size in the GBA (Greater Bay Area) for the application of these solutions, we will rise as the GreenTech centre.

Voiceover:
Later in the day, Mr Chan proceeded to the National University of Singapore and gave an address at a seminar jointly organised by the university’s Business School and the Lee Kuan Yew School of Public Policy.

Financial Secretary Paul Chan began his visit to Singapore on March 29, attending a conference organised by the South China Morning Post (SCMP) and addressing a seminar at the National University of Singapore.

Mr Chan attended the China Conference: Southeast Asia 2023 organised by the SCMP and delivered a keynote speech.

He said Hong Kong will make full use of the advantages of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and make contributions to the development of Asia as a whole, in particular in green finance, green technology and financial innovation.

“We are determined to position ourselves as the centre for GreenTech and Green Finance. Hong Kong is home to a burgeoning cluster of GreenTech companies and start-ups.

“Some of their innovative solutions in carbon sequestration, environmental engineering, energy reduction, etc, are already finding success in the markets of the Association of Southeast Asian Nations, Middle East and other parts of the world. By synergising with the innovation competence and market size in the GBA for the application of these solutions, we will rise as the GreenTech centre.”

After a meeting with Deputy Prime Minister and Minister for Finance of Singapore Lawrence Wong, Mr Chan called on Minister of the Embassy of the People's Republic of China in Singapore Zhang Xumin and met a company engaged in private equity and family offices business.

He then proceeded to the National University of Singapore and gave an address at a seminar organised jointly by the university's Business School and the Lee Kuan Yew School of Public Policy. He briefed students on the unique status and advantages of Hong Kong.

Mr Chan also attended dinner with members of major chambers of commerce in Singapore, then met young Hong Kong entrepreneurs and executives working there to learn about their work and lives.