[Mainland
China] China to step up financial services for new agricultural businesses
China Daily, 25 May 2021
The People's Bank of China and five other
government departments release a document and have demanded efforts to improve
financial services for new types of agricultural business entities amid the
country's push for rural vitalization and agricultural and rural modernization.
The document has specified requirements on strengthening information sharing,
promoting the development of credit loans, the innovation of exclusive
financial products and services and expanding and diversifying financial
channels, as well as improving agricultural insurance service, among others.
Full text: click here
[Singapore] MAS
Collaborates with Mojaloop Foundation to Advance Financial Inclusion
MAS News, 26 May 2021
The MAS and the Mojaloop Foundation
announced that MAS is joining the Mojaloop Foundation as a Sponsor-level member
to collaborate on providing the underserved access to affordable financial
services through digital currency based settlement systems and foundational
digital infrastructure. MAS is the first central bank to join the Mojaloop
Foundation. The partnership between MAS and Mojaloop’s open-source community
aims to bring together MAS’ policy development perspectives and Mojaloop’s
digital payments capability to advance financial inclusion in emerging economies.
The collaboration will also provide new opportunities for the FinTech
ecosystems in Singapore and Asia-Pacific.
Full text: click here
[Philippines] Philippines
central bank to issue rules to aid financial sector in low-carbon shift, report
says
Asia Asset Management, 27
May 2021
The Philippines’ central bank plans to issue
new regulations for the financial industry to deal with risks arising in the
transition to a low-carbon economy, according to a report in the Philippines
Daily Inquirer, quoting Governor Benjamin Diokno.
Full text: click here
