China and Singapore have established a task force to deepen bilateral cooperation in green and transition finance. This initiative aims to facilitate greater public-private sector collaboration for a low-carbon future in the region. Additionally, the Singapore Exchange and China International Capital Corporation are launching a “Green Corridor” to simplify green finance flows between the two countries. This will initially focus on encouraging Singaporean companies to issue green panda bonds in China’s onshore bond market. Other efforts include working on aligning green finance taxonomies for both countries and the development of a carbon emissions tracking platform.

Source: Know ESG