On November 30, BlockBeats news reported that Hong Kong Securities and Futures Commission (SFC) CEO Leung Fengyi stated on November 29 that five ESG ratings and data product suppliers have committed to signing a voluntary code. Launched last month, the code encompasses four key areas: good governance, systems and controls, conflict of interest management, and transparency.
Leung Fengyi emphasized that although the China Securities Regulatory Commission does not directly regulate ESG information providers, it aims to enhance the fairness and transparency of data collection through this code. This will enable asset companies and fund companies to evaluate ESG products with greater confidence.
Additionally, Leung Fengyi revealed that licensing for Hong Kong’s virtual asset trading platforms will be announced by year-end. The code follows recommendations from the International Organization of Securities Commissions (IOSCO), helping combat “greenwashing” in the global financial market while enhancing ESG information transparency in Hong Kong’s financial sector.
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