ESG

The facility will support the Mongolian bank's green loan activities, targeting MSMEs and retail customers; meanwhile, billions of dollars of financing are needed in Mongolia to hit SDG goals.

The decision comes after several US banking groups left the NZBA over the last six months.

Refinancing needs, fewer defaults, falling interest rates, sustainable bonds, and support from banks, are all fueling demand.

Panellists at the sixth China Fixed Income Summit discussed how the industry views green and transition finance from a practical standpoint.

Paul Chow will take on the newly-created role in addition to his position as HKEX's group general counsel; Jeffrey Chew has also been appointed as group chief communications officer.

Chaoni Huang, at the Hong Kong Green Finance Association and BNP Paribas, tells FA that taxonomy and definition uncertainties are hampering Apac’s transition finance market, and that growing interest and standardisation attempts should help.

In New York, Cheng shared with FinanceAsia key observations on ESG standards, portfolio company engagement, and Taiwan’s sustainability progress.

Apac's largest social bond issuance will be used to finance or refinance the loans under the special 100% loan guarantee of Hong Kong's SME Financing Guarantee Scheme.

Hobeng Lim was appointed managing director to lead the finance sector in the Gelephu Mindfulness City. FA spoke to him about his new role, and how finance can embody the concept of ‘mindfulness’.