China and Singapore team up to scale green and transition financing

China and Singapore team up to scale green and transition financing



China and Singapore, two significant Asian economies, have formed a task group to strengthen their bilateral cooperation in green and transition finance. Increasing public-private sector cooperation for a low-carbon future in the area is the goal of the action.



The China-Singapore Green Finance Taskforce (GFTF) was announced by the Monetary Authority of Singapore (MAS) and the People's Bank of China (PBC). The team's goal with GFTF is to jointly create a set of financial standards, goods, tools, and definitions that will help reduce carbon footprints.



Gillian Tan, the chief sustainability officer and assistant managing director of MAS, says that public-private participants from China and Singapore will work together "on concrete initiatives that will catalyze capital flows to support a credible and inclusive transition to a low


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#China, #Cryptonewstoday, #Singapore, #TransitionFinancing

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