Making Green Finance Mainstream – The Way Forward in China

Kai Keller leads the World Economic Forum’s work at the intersection of innovation and financial stability where he is also a Global Leadership Fellow. He is working with private, public and civil society stakeholders to explore the transformation of the financial ecosystem resulting from technology-enabled innovation. His work focuses on the Future of Financial Services in China. Prior to joining the Forum, he was an equity salestrader at Credit Suisse, Macquarie Capital, and Daiwa Securities. He is a contributor to WIRED and CNN Business. Kai holds a B.A. in Politics and Economics from Brandeis University (Waltham, MA) and an M.A. in Law and Diplomacy from the Fletcher School at Tufts University (Medford, MA).

Mr Sung is an Executive Director, Chief Financial Officer and Chief Investment Officer of the Company. He takes the lead on the Group’s investment platforms and finance management.
As Chief Investment Officer, Mr Sung is responsible for developing and executing the Group’s investment strategy, diversifying the funding sources and strengthening its investment capabilities and performance. He also assists the Board in the development of corporate strategies and the establishment of financial performance benchmarks. Mr Sung has over 20 years of experience in the Asia real estate industry, ranging from research, capital market, direct investment and fund management.
Prior to joining the Company, Mr Sung was the Managing Director and Head of Real Estate of Verdant Capital Group and the Managing Director and Portfolio Manager of JPMorgan Greater China Property Fund.

Professional and Industry Experience

Bella Ji is a senior manager within the Financial Risk Management team of KPMG China. Bella Ji has rich project experience in climate stress testing, green banking consulting, green industry research, carbon-neutral roadmap research, auditing, etc. Bella Ji has 3 years of working experience in auditing field and more than 3 years of working experience in the green finance field.

Key projects include:

Climate risk stress test advisory project: responsible for guiding the analysis of the impact of climate risk factors on corporate financial statements, guiding the development of climate transition risk and physical risk models, completing top-down and bottom-up analysis frameworks , design of bank capital adequacy transmission template and participating in the preparation of climate risk stress test report.

Green bank transformation project: provide green finance strategic planning scheme for banking institutions, including but not limited to: Analysing green finance structure and knowledge; Benchmarking analysis; Formulation and implementation of core strategies such as organization management, policy formulation, product innovation, business process, incentive mechanism and information disclosure; Green opportunity analysis strategy.

Carbon neutralization green finance roadmap: lead the financial research of Chongqing carbon neutralization project. The project provides theoretical basis research and feasible scheme suggestions for the construction of national green finance pilot in Chongqing, and makes it the first provincial region to put forward the goal of carbon neutralization. The subject creatively puts forward the goal of promoting net zero emission with green finance as the starting point, and gives the green finance roadmap aiming at supporting the development of real economy with green finance.

Annual audit of A-share plus H-share listed manufacturing company: Led internal control audit and financial audit, and prepare consolidated audit reports and individual audit reports and special audit reports of its subsidiaries.

Andrew W. Mitchell is an international thought leader on sustainable finance and natural capital. Through his consultancy,  Equilibrium Futures, he provides strategic advice to the finance sector on environmental risks and opportunities. He is Senior Adviser to Oxford think tank, Global Canopy, which he founded in 2001, and is now a leading provider of data on supply chain risk and deforestation. As Founder and Senior Adviser to the Natural Capital Finance Alliance, he has helped to design screening tools for central banks, investors and insurers and is Senior Adviser to several impact investment funds. Andrew helped to create the Taskforce on Nature-related Financial Disclosure (TNFD) and is currently the Vice Chair of the TNFD Stewardship Council.

Gayle Lacey has been with the HSBC Group for the last 19 years; working in the Middle East, the United Kingdom, Mexico, Latin America, Vietnam, Hong Kong and Mainland China.
Gayle is currently the Chief Risk Officer (Designate) for HSBC China and moved to Shanghai in June 2021.  HSBC China’s network, which has the largest number of outlets and the widest geographical reach of any foreign bank in China, continues to expand. Gayle leads the Risk function in proactively managing all of the risks across the bank, which has a +USD6bn PBT and +USD36bn loans and advances to customers, ensuring the business is sustainable, safe and positioned for growth.
Previously, Gayle was the UK Chief Operating Officer for Commercial Banking.  HSBC UK Commercial Banking supports businesses of all sizes; with a million customers and a PBT of c.GBP1.5bn.
Gayle graduated from the University of Bath in the UK with a B.Sc. in International Management.
In her spare time, Gayle loves to cook and to explore new places, especially trying new cuisines and learning about different cultures.