The Financial Authority of Singapore (MAS) and the Folks’s Financial institution of China (PBC) have reaffirmed their dedication to strengthening collaboration in inexperienced and transition finance on the third assembly of the Singapore-China Inexperienced Finance Taskforce (GFTF), held in Singapore on 10 July.
This marked the primary time the taskforce met in Singapore, bringing collectively over 40 private and non-private sector representatives.
Discussions targeted on aligning inexperienced finance taxonomies, encouraging cross-border capital flows, and utilizing expertise to assist decarbonisation.
The taskforce operates by three workstreams led by each private and non-private sector gamers, geared toward scaling up inexperienced and transition finance between Singapore, China and the area.
MAS and PBC are working to boost the interoperability of taxonomies following the launch of the Multi-Jurisdiction Frequent Floor Taxonomy (M-CGT) in November 2024.
In June 2025, OCBC Financial institution (China) organized China’s first M-CGT aligned inexperienced syndicated mortgage for Shudao Monetary Leasing (Shenzhen) Co. Ltd, reflecting early market adoption.
Each regulators are additionally advancing discussions on standards for transition actions and a shared strategy to assist cross-border investments.
Singapore Trade and China Worldwide Capital Company proceed to collaborate on the Inexperienced Hall, which goals to facilitate inexperienced financing between each nations.
Advertising roadshows have generated curiosity from Singapore-based issuers, significantly in issuing inexperienced panda bonds and aligning debt financing with the M-CGT.
Beijing Inexperienced Trade and Singapore-based MVGX shared updates on a carbon accounting and decarbonisation score platform.
The initiative goals to display how technology-enabled emissions monitoring may also help monetary establishments in each nations present inexperienced financing options to their shoppers.
The assembly additionally explored potential cooperation in biodiversity and nature finance, in addition to alternatives in Shanghai’s inexperienced finance improvement and transition journey.
Gillian Tan, Assistant Managing Director at MAS and co-chair of the taskforce, mentioned,
“The GFTF has developed into an essential platform for each public sector and trade specialists from Singapore and China to collaborate and work hand-in-hand to form daring and impactful initiatives.
The GFTF stays dedicated to collectively develop concrete and tangible options to speed up the expansion of sustainable finance to assist actual economic system wants for Asia’s internet zero transition.”
Featured picture: Edited by Fintech Information Singapore, based mostly on picture by rachenzero by way of Freepik