Business
Sustainable Growth in Sight: Chinese Firms Bank on Hong Kong’s Intellectual Support Amid Cost and Talent Concerns
Sustainability: Growth strategies outlined by Chinese companies as they navigate challenges related to talent and expenses
As per a study on sustainability trends, Hong Kong is in a position to offer knowledge-based assistance through its talented workforce and advice on financial transactions.
Approximately 30% of companies on the mainland are looking to boost their investment in sustainable initiatives over the next three years, as 69% are intending to uphold their existing commitments, as per a collaborative report by the Hong Kong Trade Development Council (HKTDC) and the Association of Chartered Certified Accounts (ACCA). The survey conducted on 283 firms took place from May to June this year.
In mainland China, there is a relatively low level of understanding about green financing options. Between 47 and 56 percent of those surveyed admitted to not being well-acquainted with the available options.
"Hong Kong holds the capacity to greatly influence mainland China's transition towards a more sustainable and eco-friendly future," stated Irina Fan, the research director at HKTDC. She further mentioned that last year, nearly 37 per cent of the sustainable bonds issued in Asia were managed in the city.
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