Hong Kong Exchanges and Clearing (0388) on Tuesday signed a memorandum of understanding with Brazil's stock exchange B3 to promote sustainable finance and carbon market development in Hong Kong and Brazil.
The cooperation will cover carbon market development, commodities opportunities, potential cross-listings, and new carbon and environmental, social and governance products.
HKEX Chief Sustainability Officer, Paul Chow, said: "We look forward to working closely with B3 to support the continued development of international carbon standards, encourage innovation and drive meaningful progress towards a low-carbon economy through cross-border collaboration."
B3 director of International Business Development for Asia and Oceania Sérgio Gullo said the cooperation "strengthens B3's position as a driving force in the transition to a sustainable economy".
HKEX is committed to expanding its sustainable finance footprint and helping to develop transparent, inclusive, and globally connected carbon markets. By deepening ties with B3 and expanding its sustainable finance initiatives, HKEX is further positioning itself as a connector of markets, fostering innovation and cross-border collaboration to build a more resilient and inclusive financial ecosystem.
Cynthia ZHONG
