PBoC and MAS join forces to promote sustainable finance

New task force will work to align green taxonomies in China and Singapore

pboc building
The People’s Bank of China

The central banks of China and Singapore set up a joint task force aimed at aligning the countries’ green taxonomies and deepening their access to each other’s green bond markets.

The People’s Bank of China (PBoC) and the Monetary Authority of Singapore announced the establishment of the China-Singapore Green Finance Taskforce at a meeting in Chongqing on April 21.

Members of the GFTF discussed joint initiatives aimed at boosting green and transition financing flows between Singapore, China

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