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Asia-PacificNovember 17 2022

Singapore-China green finance agreement signals regional trend

A set of new sustainable development initiatives is establishing Singapore as a green finance hub and hints at Beijing’s broader intentions in the region. James King reports.
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Singapore-China green finance agreement signals regional trendImage: Getty Images

Singapore and China will deepen green finance and capital market ties under a multi-initiative agreement reached during the two countries’ annual Joint Council for Bilateral Cooperation, announced on November 1.

Taken together, the initiatives aim to align green finance standards, definitions and financing solutions on specific projects, while establishing broader capital linkages between south-east Asia’s biggest financial centre and the world’s second largest economy.

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