HKMA and DFSA to Co-Host Climate Conference on Sustainable Finance

The
Hong
Kong
Monetary
Authority
(HKMA)
and
the
Dubai
Financial
Services
Authority
(DFSA)
have
announced
the
inaugural
HKMA–DFSA
Joint
Climate
Finance
Conference,
which
is
scheduled
for
September
16,
2024,
in
Hong
Kong.
The
conference
will
be
conducted
in
a
hybrid
format,
allowing
both
in-person
and
virtual
participation,
according
to
the

Hong
Kong
Monetary
Authority.

Promoting
Sustainable
Finance

This
event
serves
as
the
flagship
initiative
of
the
HKMA–DFSA
partnership,
which
was
announced
in
December
2023.
The
conference
aims
to
strengthen
the
relationship
between
Hong
Kong
and
Dubai
in
the
realm
of
sustainable
finance.
It
will
focus
on
the
opportunities
and
challenges
of
transition
finance,
fostering
practical
discussions
between
stakeholders
from
both
regions.

Key
Discussions
and
Speakers

The
conference
will
feature
a
fireside
chat
between
Mr.
Eddie
Yue,
Chief
Executive
of
the
HKMA,
and
Mr.
Ian
Johnston,
Chief
Executive
of
the
DFSA.
High-profile
speakers
will
lead
panels
on
various
topics,
including
the
vision
for
a
net-zero
transition,
channelling
capital
into
transition,
and
the
future
of
transition
finance.

Regional
Cooperation
on
Climate
Goals

As
Asia
and
the
Middle
East
work
towards
net-zero
emissions,
both
regions
face
the
common
challenge
of
reducing
dependence
on
fossil
fuels
and
adopting
more
sustainable
growth
models.
The
conference
is
expected
to
facilitate
dialogue
and
cooperation,
enabling
the
regions
to
share
knowledge
and
strategies
for
achieving
their
climate
goals.

About
HKMA

The
HKMA
is
Hong
Kong’s
central
banking
institution.
Its
main
functions
include
maintaining
currency
stability,
promoting
the
stability
and
integrity
of
the
financial
system,
helping
to
maintain
Hong
Kong’s
status
as
an
international
financial
center,
and
managing
the
Exchange
Fund.

About
DFSA

The
DFSA
is
the
independent
regulator
of
financial
services
in
the
Dubai
International
Financial
Centre
(DIFC).
It
oversees
a
wide
range
of
financial
activities,
including
asset
management,
banking,
securities,
Islamic
finance,
and
more.
The
DFSA
also
administers
anti-money
laundering
and
counter-terrorism
financing
legislation
in
the
DIFC.

Image
source:
Shutterstock