Singapore and China to deepen collaboration on green finance
MAS chief proposes working together in areas including loan syndication and verification
Singapore and China will work together to promote green finance in the region, as an estimated $200 billion investment is required annually to fight climate change in Asian economies, according to Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).
Regulators in the two countries can create frameworks for green and sustainability-linked loans customised for small and medium-sized enterprises (SMEs), Menon said at Shanghai’s Lujiazui Forum on June 18.
The frameworks can
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