Hong Kong Finance Minister Paul Chan Mo-Po offered opportunities for green or environment-friendly investment financing to Indonesia at a meeting with Investment Coordinating Board in Davos, Switzerland.
At the meeting on the sidelines of the World Economic Forum (WEF) on the HK Finance Minister stated that Indonesia and Hong Kong have always been good partners in the areas of investment and trade.
“We also want to offer an opportunity for Indonesia to utilise Hong Kong’s position as a global financial center. Last year, we became the number one country in Asia, with the largest environmentally friendly financing value of US$65-67 million. If there is a project that needs green financing, please inform us and we will definitely help,” Chan Mo-Po noted in a statement in Jakarta, Saturday.
According to Lahadalia, eco-friendly financing can still be optimized in the region of Southeast Asia. Moreover, Indonesia has several environmentally friendly investment projects, including those related to energy transition and the development of the electric vehicle battery ecosystem. The potential can be developed and maximized together.
On the other hand, Indonesia is also pushing for value-added investment through energy-oriented downstreaming and environmentally friendly industries.
Based on data from the Ministry of Investment/BKPM, the realization of Hong Kong’s investment in Indonesia for the last five years reached US$19 million, with the three highest realized investments sectors: base metal, metal goods, non-machinery, and equipment industries (US$9.67 million); electricity, gas, and water sector (US$3.14 million); as well as housing, industrial areas, and offices (US$1.92 million).
