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China and Singapore Team Up to Scale Green and Transition Financing

Major Asian economies, China and Singapore, have set up a task force to deepen bilateral cooperation in green and transition finance. 

The Monetary Authority of Singapore (MAS) announced the collaboration with the People’s Bank of China (PBC) in establishing the China-Singapore Green Finance Taskforce (GFTF). With GFTF, the duo aims to co-develop a set of financial standards, products, technologies and definitions to lower carbon footprints.

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