Hong Kong Chief Executive John Lee Ka-chiu has highlighted the global economy’s growing challenges, including geopolitical tensions and protectionism, and vowed to lead the city toward reform and innovation. At a China Central Television financial forum, Lee emphasized the importance of a forward-looking development plan to establish Hong Kong as an international innovation and technology hub.  

Acknowledging the economic landscape of 2025, Lee stated, “The government will lead all sectors of Hong Kong society to reform and innovate jointly.” He expressed confidence that unity and timely opportunities would enable the city to thrive. The HK$10 billion (US$1.28 billion) I&T Industry-Oriented Fund, a significant part of Hong Kong’s strategy, is aimed at bolstering the tech start-up ecosystem and advancing fintech initiatives. This fund will provide crucial financial support to budding tech entrepreneurs and startups, fostering a vibrant innovation culture in the city. The government also promotes responsible AI applications in financial services while accelerating its green economy transition.  

Hong Kong, proudly leading as Asia’s green and sustainable finance hub, channels international capital into environmentally responsible projects. In 2023, the city issued over US$50 billion in green and sustainable debt, accounting for 37% of Asia’s market share. These efforts not only reflect Hong Kong’s commitment to supporting the region’s green transition but also reassure the audience about the city’s economic direction.  

A significant step toward sustainability is the government’s commitment to adopting International Sustainability Standards Board (ISSB) benchmarks for financial reporting. The recently launched roadmap aims to align Hong Kong’s sustainability disclosures with global standards by 2028, solidifying the city’s role in ESG leadership and boosting the audience’s confidence in Hong Kong’s economic strategies.  

Lee underscored the broader vision of green transformation and sustainability, stating that these initiatives would enhance global investor confidence. By integrating international standards and fostering green innovation, Hong Kong is committed to tackling protectionism, boosting its economy, and achieving long-term carbon neutrality. 

Sources:  

https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3292738/global-economy-must-reckon-protectionism-2025-hong-kong-leader 

https://economynews.shafaqna.com/EN/AL/336646 

http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1406756/industry-news/hk6 

https://www.pressreader.com/china/south-china-morning-post-6150/20241231/281578066286634?srsltid=AfmBOooH1BpWzey7lko9ZzHBEm8uGOqqo6epmqVQFvrEl9boPE3GJtnv