FS attends Asian Development Bank Annual Meeting in Milan, Italy (with photos/video)
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Mr Chan participated in the ADB's Constituency Meeting, the main discussion topics of which included sharing co-operation experiences between the ADB and member countries, how to navigate the current economic risks and uncertainties in the region, optimising resource utilisation to better assist low- and middle-income countries, and providing technical assistance and capacity building for member countries. Mr Chan stated that Hong Kong, China welcomes the ADB's strengthened support for developing countries in addressing climate change, developing the private sector, promoting regional co-operation and digital transformation, etc. Moreover, Hong Kong, China supports enhancing technical assistance to developing member countries to improve the effectiveness of development projects. Mr Chan noted that, as an international financial centre, Hong Kong is willing to continue sharing knowledge and experiences with other members in areas such as establishing capital markets, promoting green transition and green finance development, and infrastructure financing.
Mr Chan also met with the Director representing Hong Kong, China's constituency in the ADB Board of Directors, Ms Rachel Thompson, to discuss how Hong Kong can better assist the ADB in the issuance of insurance-linked securities, including catastrophe bonds.
In the evening, Mr Chan attended a reception organised by Italy, the host country of the Annual Meeting.
Mr Chan will continue participating in the events related to the ADB Annual Meeting today (May 5, Milan time).
Ends/Monday, May 5, 2025
Issued at HKT 9:00
Issued at HKT 9:00
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