China and Singapore team up to scale green and transition financing

China and Singapore, two significant Asian economies, have formed a task group to strengthen their bilateral cooperation in green and transition finance. Increasing public-private sector cooperation for a low-carbon future in the area is the goal of the action.



The China-Singapore Green Finance Taskforce (GFTF) was announced by the Monetary Authority of Singapore (MAS) and the People's Bank of China (PBC). The team's goal with GFTF is to jointly create a set of financial standards, goods, tools, and definitions that will help reduce carbon footprints.



Gillian Tan, the chief sustainability officer and assistant managing director of MAS, says that public-private participants from China and Singapore will work together "on concrete initiatives that will catalyze capital flows to support a credible and inclusive transition to a low


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