Hong Kong needs Stock Connect-type system for carbon exchange: SFC boss

Hong Kong, which is exploring the possibility of setting up a carbon-trading exchange, will need a Stock Connect-type system to make it work, according to a top regulator.The city will need to set up a trading mechanism that not only complies with Chinese and overseas regulations on carbon trading but also takes into account varied international carbon pricing, said Ashley Alder, CEO of the Securities and Futures Commission.“It has to be a scheme with a credible regulatory system – just like…

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