The president of the Hong Kong Institute of Certified Public Accountants, Loretta Fong, said on Wednesday that Hong Kong can help raise the capital needed to promote green development – one of the key initiatives announced by President Xi Jinping to support high-quality Belt and Road cooperation.

Speaking on the sidelines of the Belt and Road Forum in Beijing, she noted that billions of yuan will be needed to finance Belt and Road projects, especially those related to green development.

Fong said she believes Hong Kong can play a leading role in pushing forward work in green and sustainable finance.

“I think the most important part is in relation to green and sustainable finance. Hong Kong has always been an international financial centre. Therefore, I think there’s a key role for Hong Kong to play,” she said.