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Five suppliers to sign Hong Kong's voluntary ESG code, virtual asset platform licensing to be announced by year end
According to TechFlow, Hong Kong Securities Regulatory Commission CEO Leung Fung-yee said that five ESG rating and data product providers will sign the voluntary code, which covers four major areas: good governance, systems and controls, conflict of interest management, and transparency.
Liang Fengyi pointed out that the SFC does not directly regulate ESG information providers, but hopes to improve the fairness and transparency of data collection through the code, so that users such as asset management companies and fund companies can feel more at ease when evaluating ESG products.
In addition, Liang Fengyi revealed that the licensing of virtual asset trading platforms in Hong Kong will be announced before the end of the year. The code follows the recommendations of the International Organization of Securities Commissions, which will help combat the "greenwashing" phenomenon in the global financial market and enhance the transparency of ESG information in the Hong Kong financial market.
Liang Fengyi pointed out that the SFC does not directly regulate ESG information providers, but hopes to improve the fairness and transparency of data collection through the code, so that users such as asset management companies and fund companies can feel more at ease when evaluating ESG products.
In addition, Liang Fengyi revealed that the licensing of virtual asset trading platforms in Hong Kong will be announced before the end of the year. The code follows the recommendations of the International Organization of Securities Commissions, which will help combat the "greenwashing" phenomenon in the global financial market and enhance the transparency of ESG information in the Hong Kong financial market.
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