HK and Singapore spar for green finance supremacy


Temasek-backed Climate Impact X has to-date sold 420,000 carbon credits via auction.

HONG KONG: Hong Kong and Singapore have long squared off to be the preeminent finance hub for Asia. That battleground is now shifting to the environmental, social and governance (ESG) space, with potentially trillions of dollars at stake.

From green bonds to carbon trading and asset management, both cities are angling to be the regional base for sustainable finance as governments and companies ramp up investments to fight climate change.

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