Standard Chartered and Ant Group have entered into an agreement to deepen their partnership in driving green and inclusive finance, global fund management and sustainable development.

Standard Chartered said in a statement on Monday that both parties will jointly contribute to tackling global issues such as climate change and ocean protection.

Since the first signing of a memorandum of understanding (MOU) between the two parties in 2017, Standard Chartered and Ant Group have conducted extensive cooperation in China and multiple markets globally.

In the field of green and sustainable finance, Standard Chartered is one of the joint-mandated lead arrangers and bookrunners of Ant Group’s sustainability-linked syndicated loan and has carried out cooperation with Ant Group in sustainable deposit and other areas.

In addition, the two parties have also successfully cooperated in digital innovation of global fund management, as well as in proliferating inclusive finance for small and medium-sized enterprises (SMEs).

Under the expanded cooperation framework, Standard Chartered will support Ant Group to build an industry-leading global liquidity and foreign exchange management structure, and further strengthen their collaboration in ESG, digital innovation and inclusive finance.

“We are honored to enter into this extended agreement and deepen our longstanding strategic partnership with Ant Group,

“Building on our mutual trust and joint commitment, we look forward to leveraging our shared vision to further our global cooperation in environmental, social and governance (ESG), inclusive finance for SMEs and digital innovation,” said Dr. José Viñals, Group Chairman, Standard Chartered PLC.

Eric Jing, Chairman and Chief Executive Officer of Ant Group, said that Ant Group and Standard Chartered are long-term partners.

“We have always been committed to using technology to assist SMEs in their digital transformation journeys, and jointly promoting global sustainable and inclusive development,

“Together with our ecosystem partners, we look forward to expanding our cooperation with Standard Chartered, and further leveraging the expertise from both sides in digital technology, green finance and inclusive finance, to make greater contributions to global sustainable development,” he said.

Ant Group is a firm aims to build the infrastructure and platforms to support the digital transformation of the service industry.

Through continuous innovation, the firm strives to provide consumers and small and micro businesses access to digital financial and other daily life services.

Standard Chartered is an international banking group with a presence in 57 markets and serving clients in a further 64.

The bank is listed on the London and Hong Kong Stock Exchanges.

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