“A taxonomy is very important for transition financing, so that banks have a common standard to follow in terms of the issuance of bonds and loans.” Transition finance refers to bonds and loans that help companies turn their carbon-intensive operations into climate-neutral outfits aligned with global green ambitions. The development of transition finance has been
Hong Kong is set to develop a more flexible regime for cryptocurrency exchange-traded funds (ETFs), even though the US leads in both approval speed and market size, experts said. A key difference between Hong Kong’s proposed rules for spot cryptocurrency ETFs and products approved in the US is that Hong Kong will allow both cash
In November alone, the SFC approved 17 new financial firms to set up in Hong Kong to conduct securities trading, asset management and corporate finance. Oliver Ng, managing partner of Digiwealth Consulting. Photo: Handout “This reflects a structural change in Hong Kong’s financial markets,” said Oliver Ng, managing partner of Digiwealth Consulting, noting that some