Hong Kong Financial Secretary Chan Mao-po: Continue to closely monitor fuel price fluctuations and respond in a timely manner

The Zhitong Finance App learned that Hong Kong's Financial Secretary Chan Mao-po said in his speech at a conference that the ongoing conflict in the Middle East and the blockage of energy transportation in the Strait of Hormuz have also faced pressure from fluctuating energy prices, but with the country's firm support, the energy supply has remained stable. Chen Maobo pointed out that during the sharp rise in fuel prices earlier this year, the government introduced fuel subsidies and other preferential measures to support affected industries and reduce the impact on people's livelihood. The authorities will continue to closely monitor developments and make preparations and respond in due course.

Chen Maobo pointed out that energy security and green transformation must be promoted simultaneously. Hong Kong's goal is to stop using coal for daily electricity generation by 2035 and achieve carbon neutrality by 2050. Hong Kong will use its advantages in finance and innovation to support regional energy transformation. He suggested strengthening regional cooperation by deepening cross-border and cross-sector collaboration, promoting more effective links between sustainable finance classification standards, carbon accounting and technology certification, and strengthening information sharing, emergency preparedness, and coordinated planning for energy and computing power infrastructure.