To support national green development strategies and deepen financial cooperation between Guangdong, Hong Kong and Macao, the “GBA Green Finance Forum” was recently held at the Cultural Centre, Taipa Campus of the City University of Macau (CityU).Co-organized by the Macau Institute of Financial Services, the CFA Society Hong Kong, and the CFA Institute, with support from the Faculty of Finance and the International Training and Testing Center, the event attracted nearly 120 participants from Macao’s financial sector, university students, and related professionals.
Prof. Adrian Cheung Wai Kong, dean of the Faculty of Finance (FOF) at CityU, highlighted the establishment of the green finance discipline six years ago. He pointed out that FOF will focus on promoting the application of theoretical achievements in the region as green finance theories become more robust, thereby responding to the SAR government’s policies supporting green development and contributing to Macao's goal of becoming an innovation hub for green finance in the Greater Bay Area.
Chan Kuan I, a member of the Executive Board of the Macau Institute of Financial Services (MIFS), shared MIFS’s commitment to promoting financial talent training in a bid to build a solid foundation for green finance.
Li Richang, general manager of strategic partnerships at the CFA Institute, highlighted that Macao’s unique geographical and institutional advantages position which possesses significant potential to develop a platform for modern green finance services and facilitate cross-border allocation of green assets. He expressed strong expectations for the three cities (Guangdong, Hong Kong and Macao) to jointly promote high-quality development in green finance.
The forum invited two keynote speakers: Zhou Guoyin, chief sustainability expert for IPC Greater China; and Fan Jiawen, head of the operation office at Chongwa (Macao) Financial Asset Exchange Co., Ltd. Both speakers mentioned that Macao, leveraging its unique geographical and institutional advantages, is actively advancing the development of a green finance system; through strengthening ESG practices and innovating financial products, the city is providing strong support for integrating into national and Greater Bay Area green development strategies, thereby fostering the steady and healthy growth of local green finance market.
The panel discussion focused on green finance practices and cross-border innovation in the Guangdong-Hong Kong-Macao Greater Bay Area. Moderated by Mary Leung, senior advisor, research and advocacy at CFA Institute, Asia Pacific, the session featured Fan Jiawen, head of the operation office at Chongwa (Macao) Financial Asset Exchange Co., Ltd.; Duncan Li, group investment director for ESG at AIA Insurance; and Zheng Like, senior client manager at China CITIC Bank International Ltd. (Macau Branch). The discussion delved into green financial products, market regulation, and technological innovation applications.
The forum brought together green finance experts and scholars from Guangdong, Hong Kong, and Macao to explore development opportunities and challenges in Macao and the Greater Bay Area, with a focus on ESG principles, green finance practices, and cross-border asset allocation. Experts shared frontier theories and practical cases to enhance the regional services and innovation in green finance. The exchange promoted knowledge sharing in GBA and strengthening reginal collaboration, providing solid support for Macao’s integration into national and GBA green development strategies and contributing to city’s economic diversification and high-quality green economic growth.
Source: International Training and Testing Center
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