Standard Chartered and Ant Group ink deal to strengthen partnership in sustainable development

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Standard Chartered and Ant Group have bolstered their partnership in driving green and inclusive finance, global fund management and sustainable development. Both companies will contribute to tackling global issues such as climate change and ocean protection.

This comes following 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, including in the field of green and sustainable finance. Furthermore, the two parties have also cooperated in digital innovation of global fund management, as well as in proliferating inclusive finance for SMEs.

Under the new expanded agreement, 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.

Commenting on the initiative, José Viñals, group chairman of Standard Chartered PLC, said: “We are honoured 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 ESG, inclusive finance for SMEs and digital innovation.”

Meanwhile, Eric Jing, chairman and CEO of Ant Group, said: “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 added.

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