MAS, People’s Bank of China further collaboration in green and transition finance
The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) discussed initiatives to advance cooperation in green and transition finance between China and Singapore at the 2nd China-Singapore Green Finance Taskforce (GFTF) meeting on May 20.
The initiatives discussed in Beijing covered the alignment of taxonomies, facilitation of green finance flows and the development of a decarbonisation rating platform, according to MAS.
The GFTF was set up in 2023, with three workstreams led by private and public sector players. These focus on initiatives to scale up green and transition financing flows between Singapore, China and the region.…
