Finnish businessman Vile plans to open his own smart medical device company in Hong Kong this year, and he came to the 18th Asian Financial Forum held in Hong Kong on the 13th and 14th to expand business opportunities. I believe Hong Kong can provide dual support for technology entrepreneurs like me in terms of financing and research and development He said. Today, technological innovations such as artificial intelligence, renewable energy, and financial technology are increasingly becoming new driving forces for economic growth and human development. Global financial and business professionals attending this forum believe that Hong Kong is ready to embrace new economic engines and leverage its unique advantages to support emerging industries to unleash their potential. The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, stated that there are currently two major trends in the transformation of emerging economies: one is the promotion of productivity through new technologies, and the other is the opening up of financing needs for green and clean energy. As an international financial, trade, and shipping center, Hong Kong can play a crucial role in this transformation process. Hong Kong universities and research institutions have enormous potential in supporting technological innovation and industrial upgrading Lin Yifu, Dean of the Institute of New Structural Economics at Peking University, said at the forum that Hong Kong's talent reserves and innovation capabilities can provide sustained technological support for the global economy. In recent years, the SAR government has focused on cultivating "new quality productivity", creating a vibrant ecosystem of science and technology innovation enterprises, and attracting many enterprises from home and abroad to develop in Hong Kong, including KN Group, a smart financial enterprise that established its international business headquarters in Hong Kong in October last year. The support policies of the Special Administrative Region government for innovation and technology industries, such as the Innovation and Technology Commission's Partner Research Program and the Investment R&D Cash Rebate Program, have provided favorable conditions and policy convenience for our R&D activities Kong Qingyuan, General Manager of KN Group's Hong Kong Treasury Center, told reporters. Chen Liang, Chairman of China International Capital Corporation Limited, stated that Hong Kong has always been at the forefront of financial innovation. The unique institutional advantages and market environment give Hong Kong a unique advantage in financial innovation, which not only enhances the attractiveness of the Hong Kong market, but also provides reference for the development of global financial markets. Attendees stated that Hong Kong continues to enrich the supply of financial products through innovation, including securitization of infrastructure loans and issuance of catastrophe bonds, bringing more choices to global investors. Since 2021, six catastrophe bonds have been issued in Hong Kong with a total value of approximately 750 million US dollars, of which two bonds are listed on the Hong Kong Stock Exchange. The head of the Hong Kong Applied Science and Technology Research Institute told reporters that the institute is about to launch a new research and development project aimed at enhancing the security and privacy of Hong Kong's tokenized asset ecosystem. In the future, the Institute of Applied Sciences will establish more new alliance based learning platforms to promote more efficient data exchange and analysis, benefiting the entire fintech ecosystem. Rosa, Chairman of the Italian Chamber of Commerce in Hong Kong and Macau, stated in an interview with Xinhua News Agency that many Italian companies have advantages in environmental technology and supercomputers, and hope to conduct business and cooperation in the Guangdong Hong Kong Macao Greater Bay Area, contributing new impetus to the economic growth of China and Italy. In terms of promoting global green transformation, attendees believe that Hong Kong can help developing countries cope with climate change through climate investment and financing, such as guiding the flow of climate funds and developing climate financing tools. The insurance industry in Hong Kong can also develop climate insurance products to reduce investment project risks. Hong Kong is a leading sustainable financial center in Asia. In 2023, the total amount of green and sustainable bonds issued in Hong Kong reached 30 billion US dollars, ranking first in the Asian market and accounting for 37% of the region's total. As of the end of September last year, the Hong Kong Securities and Futures Commission has recognized over 230 Environmental, Social and Corporate Governance (ESG) funds with asset management scale exceeding HKD 1.3 trillion, an increase of 11% and 10% respectively from the previous year. Ma Jun, Chairman of the Hong Kong Green Finance Association, stated that Hong Kong has made significant progress in the field of green finance recently. In the future, Hong Kong is expected to expand its green finance services to markets such as Southeast Asia, the Middle East, and Central Asia, and lead global cooperation in standard setting and capacity building. Luxembourg's Finance Minister Gilles Roth stated that there are currently about 2000 green bonds listed in Luxembourg. If the relevant bonds can be listed on the Hong Kong Stock Exchange at the same time, it will further deepen the economic and trade relationship between Luxembourg and Hong Kong, and strengthen the connection between European and Asian capital markets. (New Society)