Hong Kong can make two unique contributions to China's EV industry, says Chan
Paul Chan speaks at an event before an international auto show kicks off on Thursday.
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RTHK
a day ago
- RTHK
'HK an ideal spot to raise funds for infrastructure'
'HK an ideal spot to raise funds for infrastructure' Finance chief Paul Chan says the SAR is moving fast to pioneer innovative financial models to attract more capital. Photo: RTHK Financial Secretary Paul Chan on Thursday said Hong Kong is well positioned to assist regions, especially those in the Global South, to raise funds to support large infrastructure projects. His remark came as the International Conference on Roads and Railways 2025 kicked off in Wan Chai, with some 30 speakers and panellists gathering to discuss the latest trends in the industry. Speaking at the event, Chan said the SAR is also moving fast to pioneer innovative financial models to attract more capital, such as the securitisation of infrastructure loans, a mechanism that transforms brownfield assets into investment products to support new greenfield projects. He noted that the city has already issued two such tranches totalling US$800 million to aid over 50 projects in the Middle East, Asia Pacific and Latin America, while its green bonds account for about half the total in Asia. "With a full suite of funding options, Hong Kong is where infrastructure projects from around the world could raise funds. This is particularly relevant for green and low-carbon infrastructure projects," he said. "In regions where the infrastructure funding gap remains urgent and significant, particularly in the Global South, Hong Kong offers practical and scalable ways to catalyse sustainable growth and accelerate the delivery of essential transport projects." Separately, the finance chief said the city is taking a lead in transit-oriented development (TOD), which refers to a planning approach that integrates high-density urban landscape with efficient public transport systems. Chan said the Northern Metropolis is a good example of TOD, with its Northern Metropolis Highway and the Northern Link set to drive housing and commercial services. He added that such an approach, if well-executed, can cut carbon emissions by up to 25 percent with the support of smart technology, such as EV charging networks and AI-optimised energy consumption. A site visit for conference participants will be organised on Saturday to showcase the city's featured road and railway projects, including the Central Kowloon Route and the Tung Chung Line Extension.
The Standard
a day ago
- The Standard
Hong Kong can make two unique contributions to China's EV industry, says Chan
Paul Chan speaks at an event before an international auto show kicks off on Thursday.
RTHK
2 days ago
- RTHK
'More mainland listings set in unstoppable trend'
'More mainland listings set in unstoppable trend' Paul Chan believes the stock market will stay strong this year. Photo: RTHK The financial secretary said on Wednesday more mainland firms are expected to get listed in the SAR this year. Paul Chan's remarks came after mainland battery giant CATL made its debut on the Hong Kong stock market last month, when it raised at least HK$35 billion in the world's largest initial public offering this year. Speaking at the Bloomberg Invest event in Admiralty, Chan said the central government has been encouraging companies to expand globally and that the current geopolitical situation has made it more difficult for tech stocks to go to the United States to get listed. "This outbound [expansion] of mainland companies, this is a trend, unstoppable, and I think this is good also for the region, because by realigning their industry chain, the supply chain, they will also stimulate the growth of the region," he said. "And Asia, as you know, particularly this part of Asia, is a major global engine for growth, given the Chinese economy, growing steadily on a sustained basis, also becomes a stabilizer in terms of the current sometimes pretty uncertain and volatile global market." Chan also expects the stock market to stay strong this year, which, he said, will also support the domestic consumption market. Separately, Chan said the government will not intervene in the market amid a weakening of the US dollar. Given that the direction of capital flow can change quickly, he said, it is crucial to ensure financial security. "At the moment, with this influx of capital, the interest rate is indeed very low," Chan said, which is "good for our homeowners and good for businesses as well. "So I think put the seatbelt on but, at the same time, take advantage of this ample liquidity."
