Developments in Climate Finance and the path forward for Hong Kong
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As of 7PM 30 August 2023, tyhoon standby signal No.1 is in force. The event will proceed as planned if Typhoon Signal No. 8 or the blank rain warning is not in effect by or after 12 pm. However, if these conditions occur, we will have to cancel the in-person attendance and shift the event entirely online via Zoom. Any updates to the event will be posted here. Please send any enquiries to iems@ust.hk. Thank your for your support and understanding. |
Green and sustainable finance has become a core policy priority for Hong Kong’s financial services sector. Enabling the financial services sector to contribute to the fight against climate change will require innovative and ambitious approaches. Key climate finance themes have begun to emerge in the region’s efforts to green the financial system, these include Climate change risk, Climate finance taxonomies, Carbon markets and ESG reporting. Within each of these themes, there are two cross- cutting themes that are at the heart of the HKMA’s Cross Agency Steering Group (CASG) efforts: talent and data. This event will be an opportunity to connect developments in industry, policymaking and academia. And we would like to leave the event with a sense of how talent and data systems, policies and research can be improved to strengthen efforts on the three climate finance themes.
This event is part of the HKUST IEMS-EY Emerging Markets Insights series. It is organized by HKUST IEMS with support by EY.
Speakers and moderator
Prof Keith CHAN, Assistant Professor of Green Finance, Hong Kong University of Science and Technology (HKUST)
Cho-Hoi HUI, Division Head of the Banking Policy Department, the Hong Kong Monetary Authority (HKMA)
Prof Christine LOH, Chief Development Strategist, Institute for the Environment, HKUST
Ee Sin TAN, Assurance Partner, Financial Accounting Advisory Services (FAAS) and Climate Change and Sustainability Services (CCaSS), EY Hong Kong
The event will be moderated by Lionel MOK, PhD candidate at HKUST.
Prof Kar Yan TAM, Dean of the Business School at the Hong Kong University of Science and Technology (HKUST) and Acting Director of IEMS, will give welcome remarks.
Program
| 3-3:10PM | Welcome remarks |
| 3:10-4:55PM |
Presentations
There is a refreshment break between the presentations. |
| 4:55-5:30PM | Panel discussion |
| 5:30PM | End of program |
The event will be conducted entirely in English.
About the speakers（in alphabetical order) and the moderator
Professor Keith CHAN is an Assistant Professor of Green Finance at HKUST, where he is responsible for teaching three core courses: ESG Reporting and Management, Economics for Environmental Policy and Management, and Green Business Strategy. He is a Co-Principal Investigator of Theme-based Research Scheme (TRS) 2021/22 by the Research Grants Council (RGC) of the Hong Kong Government, entitled ”Developing Hong Kong as a Global Green Finance Centre” (HKD 10,858,000). He is currently developing a research program on applying micro-economic and game theories to study the optimal design of green finance policies, including international coordination of climate finance taxonomies and credibility of corporate net-zero transition pathways. His work on green finance taxonomies has been cited by policy think tanks. Apart from research and teaching, Keith also helps the Hong Kong Institute of Qualified Environmental Professionals (HKIQEP) to develop educational materials on corporate sustainability and ESG performance and reporting. Before joining HKUST, Keith obtained his PhD in Economics from University of Cambridge.
Professor Christine LOH is Chief Development Strategist, Institute for the Environment at The Hong Kong University of Science and Technology, and a Visiting Scholar at Center for Global Management, Anderson School of Management, UCLA. She is also Asia Society Hong Kong’s Scholar in Residence (2023-24). She is a lawyer by training and a commodities trader by profession. In the 1990s, she became a prominent legislator, before establishing a non-profit policy think tank to help find policy solutions. She is a former Undersecretary for the Environment in the HKSAR Government (2012-17) and the special consultant to the Chief Executive on mainland environmental policies (2019-20). Loh has a long history in driving the discussion on sustainability, and combines knowledge in natural resources, climate change, development as well as geopolitics. A major area of her focus today is the rise of a multipolar world and the role of Asia.
Loh had served on the board of the Hong Kong Exchanges and Clearing Limited, and is currently on the boards of CDP Worldwide, Global Maritime Forum, New Forests Pty Limited, and Towngas Smart Energy Company Limited. She has authored many academic and popular works and received many awards.
Cho-Hoi HUI is a division head of the Banking Policy Department, the Hong Kong Monetary Authority (HKMA), where he is responsible for policy developments of climate risk management and Basel III. He was Chief Representative of the HKMA’s New York Representative Office and the Head of Market Research Division of the Research Department. Prior to joining the HKMA, he was a derivatives analyst at Citibank.
He has published on issues related to international finance and physics in a number of journals, including Journal of Banking and Finance, Journal of Money, Credit and Banking, and Journal of Geophysical Research. He is Adjunct Professor at Department of Economics and Finance of City University of Hong Kong and was Professor of Science Practice in Financial Mathematics at Department of Mathematics of The Hong Kong University of Science and Technology. He holds a BS in physics from the University of Wisconsin at Madison and a PhD in applied physics from Cornell University.
Ee Sin TAN is an Assurance Partner leading the Financial Accounting Advisory Services (FAAS) and Climate Change and Sustainability Services (CCaSS) teams at EY Hong Kong. He has over 15 years of experience in providing sustainability advisory and financial accounting advisory services to listed companies and multi-national clients in various sectors. Ee Sin currently leads both the Climate Change and Sustainability Services and Financial Accounting Advisory Services teams in Hong Kong, assisting clients with navigating the risks and opportunities arising from sustainability issues and supporting clients to clients on building an efficient and effective finance function that addresses needs of stakeholders and evolving financial and compliance requirements including integrated reporting. Ee Sin is a practising CPA of the Hong Kong Institute of Certified Public Accountants (HKICPA) and also serves as a member of HKICPA's Sustainability Committee.
Lionel MOK is a PhD Candidate at HKUST studying the development of sustainable finance policy frameworks. His research is focused on the dynamics underpinning governments’ efforts to develop sustainable finance taxonomies. Lionel also works as a research analyst for the HKUST School of Business Management and is conducting research to support the development of Hong Kong as a green and sustainable finance centre. Concurrently, he serves as a consultant for the Climate Bonds Initiative and simultaneously as the programme lead for the sustainable finance and ESG team at the Civic Exchange. He was formerly a consultant for the International Finance Corporation. He holds an MSc from University College London and an MA from the University of Hong Kong.
To attend the event
This is a mixed-mode event. You may choose to attend in person or using Zoom.
To attend the event in person, please register with Eventbrite.
To attend the event online, please register with Zoom.
Notes
- Please note that this event will be live broadcast and recorded, with the recording to be published on our social media channel after the event. By attending the event, you consent to being recorded and potentially appearing on the video recording, which may be viewed by a global audience.
- Please be informed of our bad weather policy.
- Please direct all your enquiries to iems@ust.hk .
- If you attend the event by Zoom and require assistance during the event, please send an email to iems@ust.hk . We apologize in advance for any delays in responding to your emails during the event, as we may have limited staff available to address them promptly.
- Starting in September 2023, our events will follow the HKUST Sustainable Event Guidelines.
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