INCHEON, REPUBLIC OF KOREA (3 May 2023) — The Asian Development Bank (ADB) and Japan Exchange Group, Inc. (JPX) today signed a memorandum of understanding (MOU) to cooperate on the promotion of capital market development, sustainable finance, and digital technology in Asia and the Pacific.
Activities under the cooperation include facilitating environmental, social, and governance (ESG) bond issuances with improved disclosure to market players, sharing knowledge on using digital technologies in financial services, and providing support to startups that can contribute to sustainable development through financing and technology-enabled solutions.
“With the MOU, I believe ADB and JPX will forge international cooperation to strengthen robust domestic capital market development, providing a great opportunity for developing member countries (DMCs) to promote sustainable growth,” said ADB President Masatsugu Asakawa. “This cooperation platform will help create a sustainable enabling environment for DMCs with knowledge sharing for use of innovative technologies and solutions to mobilize private capital flows to achieve the Sustainable Development Goals in Asia and the Pacific.”
"I am delighted that we have agreed with ADB to collaborate on the promotion of sustainable finance in the Asia-Pacific region. We hope that ADB and its support partners will actively utilize the market service and technology we operate and contribute to the economic development of the Asia-Pacific region," said JPX Group Chief Executive Officer Hiromi Yamaji.
JPX is a financial instruments exchange holding company that provides market users with reliable venues for trading listed securities and derivative instruments. It also provides clearing and settlement services through a central counterparty and conducts trading oversight to maintain the integrity of markets. JPX was established in 2013 through the merging of Tokyo Stock Exchange Group and Osaka Securities Exchange. The company expanded business into commodity derivatives in 2019 by acquiring Tokyo Commodity Exchange.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.