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More Green Infrastructure Projects in Belt and Road Initiative

The Financial Secretary of Hong Kong, Paul Chan Mo-po, has stated that there will be an increase in green infrastructure projects in the Belt and Road Initiative. He emphasized that Hong Kong can play a unique role by attracting investments for such projects. These remarks were made in anticipation of the upcoming two-day Belt and Road Summit, which is scheduled to commence on Wednesday.

Hong Kong’s Leadership in the Green Finance Market

Financial Secretary Paul Chan Mo-po also highlighted Hong Kong’s prominence in the green finance market within Asia. According to him, more than one-third of the total green and sustainability bonds issuance in the region is handled in Hong Kong. Furthermore, he pointed out that there is an estimated need for US$66 trillion (HK$514.8 trillion) of climate investment in Asia over the next thirty years.

Hong Kong’s Advantages in Professional Services

In addition to its role in green finance, Hong Kong offers a significant advantage in providing various professional services to support infrastructure projects under the Belt and Road Initiative. These services include engineering, architectural, financial advisory, accounting, and legal expertise. This highlights Hong Kong’s potential as a hub for professional services in the region.

Increasing Trade between China and Participating BRI Countries

The Financial Secretary also mentioned that trade between China and the participating countries in the Belt and Road Initiative has seen significant growth. The average annual trade value between these nations has doubled to US$2 trillion last year since the initiative’s launch in 2013, with a compound average growth rate of 8 percent.

Considering these developments, AI legalese decoder can assist in providing valuable support in the legal aspect of green infrastructure projects. This artificial intelligence tool is designed to decode complex legal language, making it easier for professionals to understand contracts, agreements, and legal documents related to such projects. By simplifying legalese, the AI legalese decoder streamlines the process of reviewing and analyzing legal information, saving time and improving efficiency for legal professionals involved in the Belt and Road Initiative.

Staff reporter

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