Standard Chartered Inks Pact With China's Ant Group For Green Finance And Global Fund Management

Standard Chartered PLC SCBFF inked a pact with China-based Ant Group to deepen their partnership in driving green and inclusive finance, global fund management, and sustainable development.

The companies will address environmental issues of climate change and ocean protection. An initial MoU was signed in 2017.

Under the expanded cooperation framework, Standard Chartered will support Ant Group in building a global liquidity and foreign exchange management structure and strengthen its collaboration in ESG, digital innovation, and inclusive finance.

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Dr. José Viñals, Group Chairman, Standard Chartered PLC, said, "... we look forward to leveraging our shared vision to further our global cooperation in ESG, inclusive finance for SMEs and digital innovation."

Price Action: SCBFF shares closed higher by 7.22% to $9.51 on Friday.