International Experiences in Green Finance Development

6 Executive Summary Hong Kong should strengthen its green finance ecosystem and prepare for a green transformation by further studying the experiences of leading global green financial centers in the following four aspects. Firstly, concerning the formulation of top-level policies, Hong Kong should clearly delineate the development objectives of green finance and establish specific action plans. Secondly, with regard to the establishment of coordination mechanisms, Hong Kong should create working groups at various levels and routinely convene meetings to foster a positive influence and cooperation. Thirdly, in diversifying the green financial system, Hong Kong should tailor green classification standards based on its unique political and economic structure and pay heed to cross-market interoperability. Finally, in the realm of talent cultivation, Hong Kong should devise policies that directly stimulate the demand for training related to green finance and actively engage with international organizations and initiatives. In summary, the development of green finance represents a pivotal strategy for Hong Kong to address challenges in development, and the city urgently requires the formulation of a comprehensive strategy for transitioning into a top-tier green finance center.