According to the Hong Kong Radio website, Hong Kong Securities and Futures Commission CEO Leung Fung-yee said on November 29 that five ESG rating and data product providers have indicated that they will 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.
Leung Fung-yee 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 companies and fund companies can evaluate ESG products with more 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, but did not respond to whether there are platforms that are "deemed to be licensed" that do not meet the standards after review, but the report will disclose the problems commonly found when platforms apply for licenses.