CASI In-Person Capacity-Building Event “Empowering Sustainability and Prosperity in Asia: Innovative Financial Solutions for Connectivity and Transition”

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HKGFA is proud to be a supporting organisation of Capacity-building Alliance of Sustainable Investment (CASI)’s second in-person capacity-building event in Hong Kong on 24-25 June 2024, co-hosted by the Institute of Finance and Sustainability (IFS), Hong Kong Monetary Authority (HKMA), Infrastructure Finance Facilitation Office (IFFO), and the University of Hong Kong (HKU). The event, themed “Empowering Sustainability and Prosperity in Asia: Innovative Financial Solutions for Connectivity and Transition”, provided a platform to share best practices and promote sustainable finance solutions among emerging markets and developing economies (EMDEs) in Asia.

 

HKGFA Executive Committee members including Dr. Ma Jun (Chairman & President), Ms. Chaoni Huang (Executive Vice President), and Ms. Tracy Wong Harris (Executive Vice President) spoke at the event.

 

  • In Dr. Ma’s welcome remarks, he highlighted that there is massive financing gap – on the order of trillions of dollars annually – for EMDE’s climate and sustainability agenda, and a key reason for the financing gap is the lack of local capacity to develop sustainable finance markets and originate bankable green projects. CASI offers several learning programs which will help fill the capacity gap for the Global South.

 

 

  • Ms. Tracy Wong Harris joined the Panel Session “The Role of Blended Finance in Decarbonising Infrastructure Projects” and shared insights on the importance of driving innovative financing structures such as blended finance to facilitate the effective use of catalytic capital and public-private partnerships and help transition planning.

 

  • Ms. Chaoni Huang joined several other biodiversity and blue finance experts on the final Panel Session to discuss how blue finance efforts could enable sustainable management of marine resources through innovative financing solutions, while unlocking new opportunities for ecological preservation and balancing it with socio-economic development.

 

For the second part of the five-day CASI event, a delegation of around 100 travelled to Huzhou to learn more about the city’s green finance pilot projects and programs and attend field trips to local financial institutions and real economy firms focusing on sustainable businesses.

 

HKGFA will continue the initiatives with our members and partners to promote capacity-building in multiple aspects and support sustainable finance developments in Hong Kong.

Learn more about HKGFA initiatives: https://www.hkgreenfinance.org/working-groups/

 

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