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THE year 2021 was a banner year for sustainable finance, with the creation of the Glasgow Financial Alliance for Net Zero (GFANZ) managing over US$140 trillion (RM590.65 trillion) in assets; sustainability bond issuance up to US$1 trillion (RM4.22 trillion) and record inflows of more than US$120bil (RM506.27bil) to environmental, social and governance (ESG) targetted funds.
AUGUST 15, 2021 marks the 50th anniversary of United States President Richard Nixon delinking the US dollar from gold. Instead of a crisis, the ensuing half century marked the pre-eminence of the US financial system to global dominance.
SHANGHAI: Jack Ma’s online bank is leading a quiet revolution in the way China lends to small businesses, taking aim at a credit bottleneck that has held back Asia’s largest economy for decades.