Core Viewpoint - The speech by Dr. Huang Tianyou emphasizes the importance of Hong Kong's role as a leading international financial center and the need for effective regulation to maintain market integrity and promote development [1][2]. Group 1: Market Resilience and Performance - Hong Kong's capital market has demonstrated resilience, maintaining orderly operations during global market volatility, with no occurrences of defaults or systemic risks [1]. - In the first three quarters of this year, new IPOs in Hong Kong raised HKD 180 billion, a twofold increase year-on-year, while subsequent stock issuances raised HKD 260 billion, a 270% increase [2]. - The average daily trading volume in the Hong Kong stock market increased by over 90% compared to the same period last year, with the market capitalization nearing HKD 50 trillion, ranking third in Asia [2]. Group 2: Development Initiatives - The Hong Kong Securities and Futures Commission (SFC) and the Monetary Authority have launched a roadmap to develop the fixed income and currency markets, aiming to enhance market depth and breadth [2]. - The SFC encourages diverse issuers to participate in building a world-class fixed income market, which will facilitate corporate financing and meet various investor needs [2]. Group 3: Cross-Border Cooperation - The mutual connectivity between mainland China and Hong Kong has effectively promoted two-way capital flow, with mainland companies raising HKD 140 billion through IPOs in Hong Kong in the first nine months of this year [3]. - The collaboration between Beijing and Hong Kong is expected to accelerate the construction of a strong financial nation and enhance financial openness [3]. - The SFC supports financial institutions based in Beijing to expand their business in Hong Kong, promoting talent mobility and sharing the benefits of market development [4].

Core Insights - Sustainable finance is facing a critical turning point, serving as an important engine for achieving carbon neutrality goals and a key link for collaborative development in the Bay Area [2] - The establishment of a common language across sectors is essential for quantifying technological innovations, measuring environmental value, and assessing long-term risks in sustainable finance [4][5] Group 1: Current Developments in Sustainable Finance - As of the end of 2024, the balance of green credit in Shenzhen's banking sector has surpassed 1 trillion yuan, reaching 1,023.09 billion yuan, with a growth rate exceeding that of all loans by 17.99 percentage points [2] - The cumulative scale of green bonds issued on the Shenzhen Stock Exchange has reached 188.37 billion yuan [2] - Shenzhen plans to achieve full ESG disclosure coverage for state-owned enterprises and publicly listed companies by 2027, with a target disclosure rate of 60% for key sectors [2] Group 2: Challenges in Sustainable Finance - A significant challenge in sustainable finance is the need for a robust green finance data governance system to prevent "greenwashing" and "green drifting" risks [3][4] - The lack of reliable data hinders risk prevention and information disclosure, which is particularly urgent at the international level due to the upcoming implementation of the EU's Carbon Border Adjustment Mechanism (CBAM) [3] - Financial institutions primarily assess current profitability when making credit decisions, which misaligns with the cyclical nature of industry development, making it difficult for companies undergoing green transformation to secure financing [6] Group 3: Solutions and Initiatives - Professional institutions are working to cultivate "translators" in the sustainable finance sector to help companies communicate their green transformation achievements in a language understandable to financial institutions and stakeholders [5] - The establishment of new platforms is encouraged to facilitate effective communication between technology providers and financial backers, allowing for better integration of technical and financial languages [4]

Core Viewpoint - The speech by Dr. Huang Tianyou emphasizes the importance of Hong Kong as a leading international financial center, focusing on maintaining market integrity and promoting market development while adapting to global changes [1][5]. Group 1: Market Resilience and Activity - Hong Kong's capital market has shown resilience, maintaining orderly operations despite global market volatility, with no incidents of defaults or systemic risks reported [1][2]. - In the first three quarters of this year, new IPOs in Hong Kong raised HKD 180 billion, a twofold increase year-on-year, while subsequent stock issuances raised HKD 260 billion, up 270% [2]. - The average daily trading volume in the Hong Kong stock market increased by over 90% compared to the same period last year, with a market capitalization nearing HKD 50 trillion, ranking third in Asia [2]. Group 2: Development Initiatives - The Hong Kong Securities and Futures Commission (SFC) and the Monetary Authority have launched a roadmap to develop the fixed income and currency markets, aiming to enhance market depth and breadth [2]. - The growth of the fixed income market is expected to facilitate corporate financing and meet diverse investor needs, promoting a win-win situation for issuers and investors [2]. Group 3: Cross-Border Cooperation - The mutual connectivity between mainland China and Hong Kong has effectively facilitated two-way capital flow, with mainland enterprises raising HKD 140 billion through IPOs in Hong Kong in the first nine months of this year [3]. - The collaboration between Beijing and Hong Kong is seen as crucial for building a strong financial nation and enhancing financial openness [3][4]. - The SFC supports financial institutions based in Beijing to expand their business in Hong Kong, promoting talent mobility and shared growth opportunities [4]. Group 4: Future Outlook - The SFC believes that through collaboration with mainland regulatory bodies, the capital markets of both regions can seize historical opportunities and create a more resilient, innovative, and diverse development platform [5].

Core Insights - The eighth China International Import Expo (CIIE) is set to open, with Standard Chartered Bank participating for the eighth consecutive year, showcasing its commitment to supporting high-level opening and high-quality development of China's real economy [1][2] Group 1: Participation and Themes - Standard Chartered Bank's theme for this year's expo is "Connecting to New Opportunities," highlighting its innovative achievements in cross-border trade, sustainable finance, and digital finance [1] - The bank will present a range of high-quality products and services, including solutions for small and medium-sized enterprises (SMEs) going abroad and the "Standard Chartered Global Chain" as a one-stop cross-border financial solution [1] Group 2: Strategic Collaborations - Standard Chartered plans to sign strategic cooperation memorandums with leading companies in sectors such as food consumption, biomedicine, and new materials, focusing on trade financing, financial markets, and sustainable finance [1] - Since its first participation in the CIIE in 2018, Standard Chartered has established strategic partnerships with nearly 40 enterprises, institutions, and industry associations, expanding its cooperation from bulk commodity trade to sustainable finance and technology innovation [2] Group 3: Market Presence and Future Plans - Standard Chartered has been operating in China for over 167 years and is one of the most comprehensive international banks in terms of licenses and business scope in the mainland market [2] - China has been the largest contributor to Standard Chartered Group's global network income since 2017, and the bank opened its third priority private banking center in Hangzhou in July, marking its 14th globally [2] - The bank intends to continue increasing investments in productivity, digitalization, and financial innovation in China [2]

Core Viewpoint - The signing of the China-ASEAN Free Trade Area 3.0 Upgrade Protocol marks a significant step towards deepening economic integration and cooperation in emerging fields such as digital and green economies, amidst challenges to the multilateral trading system [3][4]. Group 1: Importance of the Protocol - The protocol signifies a commitment to multilateralism and free trade, countering unilateral trade measures that threaten the international economic system [3]. - It establishes a new milestone for regional economic integration, expanding cooperation beyond traditional trade to include digital, green, and supply chain sectors [4]. - The protocol supports the construction of a China-ASEAN community of shared destiny, enhancing economic cooperation and creating a resilient regional supply chain [4]. Group 2: Background and Negotiation Process - The China-ASEAN Free Trade Area is the first free trade agreement established by both parties, with the initial agreement signed in 2002 and subsequent upgrades in 2010 and 2015 [5]. - The 3.0 version negotiations began in November 2021, culminating in the signing of the protocol after nearly two years of discussions and multiple rounds of meetings [5][6]. Group 3: Key Features of the Protocol - The protocol expands into five new areas: digital economy, green economy, supply chain connectivity, competition and consumer protection, and support for small and medium enterprises [7]. - It enhances the level of openness in trade, focusing on rules and cooperation in both traditional and emerging sectors [7][8]. - The protocol promotes inclusive development by ensuring fair competition, consumer protection, and support for small and medium enterprises [8]. Group 4: Main Content of the Protocol - In the digital economy, the protocol establishes a high-level rule system, including customs duty exemptions on electronic transmissions and enhanced data flow protections [9]. - In the green economy, it defines key areas for cooperation, including green trade and sustainable finance, aiming to eliminate trade barriers related to environmental standards [10]. - The protocol includes a dedicated chapter on supply chain cooperation, enhancing the resilience and connectivity of regional supply chains [11]. - It sets forth standards and technical regulations, encouraging mutual recognition of standards and joint development of evaluation procedures [12]. - The protocol enhances sanitary and phytosanitary measures, improving transparency and reducing compliance costs for businesses [12]. - It utilizes digital technologies to improve customs procedures and trade facilitation, aiming to streamline processes and reduce costs [13]. - It establishes a comprehensive framework for competition and consumer protection, enhancing consumer rights and promoting fair market practices [13]. - The protocol supports small and medium enterprises by providing resources and information to enhance their participation in international trade [14]. - It creates a framework for economic and technical cooperation, focusing on capacity building and support for the least developed countries [14]. Group 5: Implementation of the Protocol - Following the signing, both parties will undergo domestic approval processes to ensure the protocol is implemented as soon as possible [15].

Core Viewpoint - The upgrade of the China-ASEAN Free Trade Area 3.0 version emphasizes a comprehensive cooperation framework in the green economy sector, aiming to promote mutual development between the environment and trade [1] Group 1: Green Economy Initiatives - The agreement establishes clear definitions for green economy, new energy, clean energy, sustainable finance, and green skills [1] - Both parties commit to not using environmental standards as a disguised form of trade protectionism, aiming to eliminate trade barriers related to environmental products and services [1] Group 2: Priority Cooperation Areas - Eight priority cooperation areas have been identified: green trade, green investment, circular economy, sustainable finance, green technology, green standards, sustainable energy, and digital-green collaborative development [1] - These areas will encompass the entire chain from research and development, financing, production, consumption, to recycling, providing significant support for building a green economic engine in the region and achieving high-quality development [1]

Economic Outlook - Vietnam's economy showed strong performance in Q3 2025, with a year-on-year growth of 8.2%, marking the highest growth rate since 2011, excluding the post-pandemic recovery phase [2][12] - The government maintains a GDP growth target of 8.0% for the entire year, with inflation expected to be controlled around 4.0% [9][12] - Key economic drivers include robust public investment, which grew by 27.9% year-on-year, and foreign direct investment reaching $18.8 billion, a five-year high [12] Development Goals - Vietnam aims for an average GDP growth rate exceeding 10% from 2026 to 2030, with a target of reaching a per capita GDP of $8,500 by 2030 [3][10] - The government announced a cash distribution plan to citizens and a special pardon for prisoners, aimed at stimulating the economy and enhancing social stability [6][10] Trade Dynamics - Vietnam's exports reached $348.6 billion in the first nine months of 2025, growing by 15.9% year-on-year, with significant resilience in exports to the U.S. [13][25] - The trade risk exposure has narrowed, with a successful reduction of U.S. tariffs on Vietnamese goods from 46% to 20% [24][25] Infrastructure Development - Vietnam has set ambitious infrastructure goals for 2030, including 5,000 km of highways and 1,541 km of high-speed rail, which are expected to drive economic growth and reduce logistics costs [4][38] - Major projects include the North-South High-Speed Railway and Long Thanh International Airport, aimed at enhancing domestic and international connectivity [32][35] Financial Center Initiatives - Vietnam is developing international financial centers in Ho Chi Minh City and Da Nang, expected to be operational by the end of 2025, to attract global capital [5][39] - The government is implementing tax incentives and regulatory reforms to create a competitive environment for financial services [41][42] Capital Market Upgrades - The Vietnamese stock market is set to transition from frontier to secondary emerging market status by September 2026, which is anticipated to attract $10-15 billion in foreign capital over the next 1-3 years [6][46] - The market upgrade is expected to enhance liquidity, with daily trading volumes projected to increase from approximately $1.4 billion to $2 billion [47][50] Sectoral Opportunities - Key sectors expected to benefit from economic growth include manufacturing, services, real estate, and financial services, driven by infrastructure investments and capital market reforms [10][46] - The focus on digital transformation and green energy is seen as a new growth engine for Vietnam's economy [10][12]

Core Viewpoint - The sustainable finance sector should focus on supporting low-carbon transitions, creating a strong collective force across society to address climate challenges [1][2] Group 1: Company Initiatives - Industrial Bank has been exploring sustainable finance for 20 years, developing a path that integrates profit with social responsibility [1] - The bank's green financing balance is nearly 2.5 trillion yuan, with green loan balance exceeding 1 trillion yuan and a non-performing loan rate of only 0.57% [1] - The establishment of a strategic and ESG committee at the board level has strengthened relationships with stakeholders and laid a solid foundation for sustainable development [2] Group 2: Industry Context - Despite some countries withdrawing from the Paris Agreement, global climate actions continue, with China announcing new NDC targets at the UN Climate Change Summit in September [2] - The financial sector is encouraged to innovate and provide diversified financial services, as China leads globally in green loans and bonds but still has room for growth in green investment and asset management [3] - The carbon market should be more open and inclusive to enhance resource allocation efficiency, with financial institutions encouraged to participate in national carbon market trading [3] Group 3: Recommendations for Sustainable Finance - Industries should focus on low-carbon transitions, emphasizing ESG system construction and new technology applications [2] - Financial services should align with the needs of real enterprises, providing both financial and non-financial support for carbon reduction [3] - Regulatory bodies are urged to introduce more incentives for carbon reduction support tools and adjust risk weights for green financing to encourage banks' participation [3]

10月22日，联合国贸发组织(UNCTAD)秘书长丽贝卡格林斯潘(Rebeca Grynspan)在瑞士日内瓦召开的联 合国贸发会议第十六届大会(UNCTAD16th)期间宣布，第九届世界投资论坛(WIF)将于2026年在卡塔尔 举办。 2026年世界投资论坛将在全球不确定性、气候压力、数字转型和经济碎片化的关键时刻，致力于应对目 前全球面临的最为紧迫的投资挑战。 2026年世界投资论坛将以联合国贸发会议第十六届大会的会议成果为基础，特别是"商界领袖对话"的重 要成果，并推进包括"联合国未来峰会"(UN Summit of the Future)在内的其他关键全球倡议。 联合国贸发组织投资与企业司司长、世界投资论坛负责人李楠介绍，第九届世界投资论坛将在卡塔尔汇 聚来自政府、工商界和金融界最具影响力的全球领袖，共同塑造和引领未来投资方向。 展望第九届世界投资论坛，主办国卡塔尔重申其致力于推动多边对话、动员全球投资、促进共同繁荣的 坚定承诺。卡塔尔外贸事务国务大臣艾哈迈德赛义德(Ahmad Mohamed A.Y.Al-Sayed)表示："让我们把 这一全球挑战的时刻视为机遇，引导投资体系朝着更具韧性、公平性和共 ...

凤凰网财经讯 10月23日，CFA协会携手凤凰卫视联合主办"2025中国投资论坛"，聚焦可持续投资新范式、产业绿色转型路径以及ESG人才培育等关键议题。 本次论坛作为"2025零碳使命国际气候峰会"的平行论坛，汇聚来自实体经济与金融投资领域的众多领军人物，共同探索具有创新性与社会价值的可持续发展 解决方案。 CFA协会全球合作伙伴及客户关系亚太区高级总经理侯翠琴，CFA CFA协会全球合作伙伴及客户关系亚太区高级总经理侯翠琴，CFA出席论坛并发表致辞。她指出，CFA协会始终坚信"金融是推动经济繁荣、环境保护和社 会进步的强大力量与重要催化剂"。"这一信念贯穿于我们所有的专业课程体系，无论是作为全球投资行业标杆的CFA考试与认证，还是我们近期推出的CFA 协会可持续投资基础证书。" 在谈到中国可持续金融的发展现状时，侯翠琴以"落地生根、成效显著"加以概括。她表示，中国已成为全球最大的绿色债券发行国，在绿色金融领域处于世 界领先地位；企业ESG信息披露标准快速推进，转型金融框架逐步完善，为全球市场树立了良好典范，并肩负起推动全球可持续发展的重要责任。同时，她 也指出当前行业面临的核心挑战：中国金融行业对"具备可持 ...