Climate Bonds Initiative welcomes Chongwa (Macao) Financial Asset Exchange Co., Ltd.(MOX) to joining the Climate Bonds Partners Programme
Hong Kong/London/Macau：06/07/2021, 16:00 GMT+8: The Climate Bonds Initiative (Climate Bonds) welcomes Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX) to the Climate Bonds Partners Programme. MOX is the third exchange in Asia to join the Climate Bonds Partners Programme, following Taipei Exchange and Hong Kong Exchanges and Clearing Limited. MOX provides services of bond issuance, listing, registration, custody, trading and settlement since its establishment in 2018. The volume of its bond market totalled over MOP170 billion. As a financial infrastructure in Macau, MOX actively promotes the development of the local bond market and pushes forward Macau’s diversified economy and sustainable development.
MOX is committed to lead the development of green and sustainable finance market in Macau through international green finance cooperation under the background of carbon neutrality. The partnership between CBI and MOX not only marks the commitment of both parties to guide Macau and the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) to green and sustainable finance, but also represents the determination to jointly support Macao, China and Asia to achieve carbon neutrality to address the climate challenges facing all mankind.
With the booming of the green and sustainable bond market, MOX is planning to launch a platform for green and sustainable finance in mid-2021 as the first information disclosure and publicity hub on green and sustainable finance in Macao. This platform will not only accelerate the integration of relevant international standards into the practice of green and sustainable finance development in Macao, but also aiming to establish an effective MOX-ESG product information disclosure mechanism.
Mex Zhang, Executive Chairman and President, MOX:
“As the first financial asset trading platform in Macao, MOX is committed to the development of modern financial industry and opening up a new prospect of green and sustainable financial development in Macao. We are delighted to work with the Climate Bond Initiative to foster the green financial ecosystem in Macao. The green bond market is in its infancy in Macao, we will continue to promote the sustainable development in the region and better integrate Macao into the green and low-carbon transformation in the international capital market where sustainable finance is becoming the mainstream.”
Sean Kidney, CEO, Climate Bonds Initiative:
“The Greater Bay Area is growing in importance as a centre for green finance and investment. MOX partnering with Climate Bonds provides a new avenue for our organisations to work together on developing regional markets and creating the conditions that attract increased investment towards climate goals and low carbon growth paths.
“We welcome MOX to our partners program and look forward to joint cooperation on future projects.”
Senior Communications & Digital Manager,
Climate Bonds Initiative,
General Manager East Asia,
Climate Bonds Initiative,
+852 6431 1275
Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX)
Notes for Journalists
About Climate Bonds Initiative:
The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy. It undertakes advocacy and outreach to inform and stimulate the market, provides policy models and government advice, market data and analysis and administers the Standards and Certification Scheme. For more information, please visit www.climatebonds.net.
Climate Bonds Partners Programme:
Banks, institutional investors, private and non-governmental organisations (NGOs) and governments are eligible to join as Climate Bond Partners to help grow a market of green and climate bonds. Partners support investor and stakeholder outreach and education projects centred on growing robust and sustainable green bond markets that contribute to climate action and low carbon investment. Partners assist in developing initiatives to grow investment in climate finance solutions, participate in different market development committees & help define policy agendas for sector, country and sub-national green bond development programmes. A list of Partners is available here.
About Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX):
Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX) is a financial institution founded by Namkwong (Group) Co., Ltd., approved by the Monetary Authority of Macao, and established at the executive order signed by Chief Executive of Macao in accordance with Macao Special Administrative Region Executive Order 94/2018 in Aug, 2018. Namkwong (Group) Co., Ltd. is the only Macao-based State-owned enterprise directly under The State-owned Assets Supervision and Administration Commission of the State Council (SASAC). MOX is the first financial institution and financial infrastructure that provides services includes bond issuance, listing, registration, custody, trading and settlement in Macao. The establishment of MOX has filled up the gap of directly financing in Macao, and has provided a brand-new direct financing channel for domestic and foreign financiers. In 2020, approved by Monetary Authority of Macao, MOX has officially launched the trading services for China’s overseas state-owned assets. MOX is the first regulated trading platform for overseas state-owned assets with the strong support of the regulator of state-owned assets and active anticipation of the market.