priority investment by mpf funds. this will provide a meaningful investment option for mpf scheme members to receive reasonable returns while investing in a better future for our city. climate finance is a subject that is very dear to the hearts of many of us here. it's also an exciting subject that i could keep talking about. but i am aware that i have taken more than a fair share of your time. so what remains for me is to wish the asifma event every success, and double down on the hkma's commitment to working with 3 / 4 bis - central bankers'speeches asifma towards our common purpose of scaling up hong kong's green and sustainable finance. thank you. 4 / 4 bis - central bankers'speeches

training and qualifications related to green and sustainable finance. 2 / 4 bis - central bankers'speeches number three is developing a regulator - approved knowledge framework, or what we call the enhanced competency framework, to provide a more structured programme for banking practitioners to build their knowledge and expertise in green and sustainable finance. this is a major undertaking that calls for close collaboration between the public and private sectors. it requires more than just regulatory push. the developmental work is equally important to provide the necessary ecosystem that supports climate financing. indeed, hong kong has gone a long way in this regard and has firmly established its leadership role in the field of green and sustainable finance. as a snapshot, green and sustainable debt issuance in hong kong totalled us $ 57 billion in 2021. it accounted for one third of international issuance of green and sustainable bonds in asia. in 2022, we continued to see strong momentum, in particular in the area of green and sustainable loans. the vibrant green bond market is in part a result of the many breakthroughs made by the government green bond programme. since 2019, the hkma has assisted the government in issuing nearly us $ 16 billion worth of green bonds targeting both institutional and retail investors. we made use of each issuance to innovate and expand the suite of green bond products in terms of currencies, tenors and distribution channels, thus laying the foundation for other public and private sector issuers in the region. these issuances kept pushing the boundaries. just over the last few years, we made the world's largest retail green bond issuance, asia's largest esg bond issuance, and issued the world's first tokenised government green bond. we will continue to seek new breakthroughs. in the coming five years, planned annual issuance of government green bonds will increase from us $ 35 billion to us $ 65 billion. the mandate of this programme will be expanded to cover sustainable bonds as well. we will also consider how best to incorporate green and sustainability elements into a new infrastructure bond programme we are developing for the government. we will continue to press ahead with the experimentation in tokenised green bonds, leveraging blockchain technology to enhance the efficiency of bond issuance and transaction, and to explore real - time tracking and reporting of the environmental impact of projects funded by bond proceeds. and to promote financial inclusion, we are now looking into an arrangement to earmark a certain proportion of future green and infrastructure bond issuances for