According to BlockBeats, on November 30, according to the Hong Kong Radio website, Hong Kong Securities Regulatory Commission CEO Leung Fung-yee said on November 29 that five ESG rating and data product providers have expressed their willingness to sign the voluntary code. The code was launched last month and covers four major areas: good governance, systems and controls, conflict of interest management and transparency.
Liang Fengyi pointed out that although the SFC does not directly regulate ESG information providers, it 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 evaluate ESG products with greater peace of mind.
In addition, Leung Fung-yee 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 (IOSCO), 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.