Green bonds up to US$4.3 trillion mark
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The size of the sustainable bond market has reached US$4.3 trillion by year-end. Hong Kong aims to lead the development of transitional financing and plans to launch a roadmap this year to climate disclosures. The Financial Services Development Council, Friends of the Earth (HK), and the China Sustainable Investment Forum held a forum to mark Earth Day. The Securities and Futures Commission emphasized the importance of Hong Kong following international standards to boost investor confidence. The Hong Kong Monetary Authority released a one-stop information platform for small- and medium-sized enterprises to compare lending services offered by banks. Real-time monitoring by retail banks prevented US$2.3 million in funds from being deposited into fraudulent accounts. 

#SustainableFinance #ClimateDisclosures #InvestorConfidence #SmallAndMediumsizedEnterprises #Banking #FraudPrevention

https://www.thestandard.com.hk/section-news/section/2/262199/Green-bonds-up-to-US$4.3-trillion-mark