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China’s latest act is to invite more foreign players to its US$232 trillion onshore repo market. As a precursor, Hong Kong will treat Chinese government bonds and policy bank bonds as eligible collateral in its yuan liquidity facility.
The financial sector must not only divest from carbon-intensive industries, but also make it its mission to provide the capital to help clients transition to a net-zero economy, according to the Alliance for Green Commercial Banks.
The Greater Bay Area leads in issuing green bonds and loans nationwide, according to speakers at a GBA forumFavourable policies and increasing awareness of social responsibility are driving the momentum of green development in the region, experts say