Foreign news: World's biggest bank's first green bond, 'Targeted airdrop' for bitcoins
The Industrial and Commercial Bank of China has announced it has launched a big green bond issue. The marketing remains underway, with pricing and final size to be determined later today, reports The Climate Bonds Initiative. This inaugural One Belt One Road Green Climate Bond also carries Climate Bonds Certification. The use of proceeds for this bond will be dedicated to ICBC's global financing and refinancing of eligible green assets in four categories: renewable energy; low carbon and low emission transportation; energy efficiency; and sustainable water resources management. The bond will be listed on the Luxembourg Green Exchange of the LUXSE. The LGX is not letting any grass grow under its feet in the green finance race, listing US$74 billion of green bonds in its first year of operation. HSBC is testing an open banking platform with 10,000 UK customers from next month, allowing participants to add accounts from up to 21 different banks, including Santander, Lloyds and Barclays, Finextra reports. The service is set to go live for all customers through a new app early next year. It will not just be restricted to current accounts but also cover loans, mortgages and savings, if they are visible via online banking services. HSBC says that this is just the first feature of the new app, with a host of other options in the pipeline for beta testing over the next few months. Simon Cheong, founder and CEO of blockchain startup GATCOIN has unveiled a new "targeted airdrop" technology at Singapore's BlockshowAsia conference. "Targeted airdrops give companies pin-point accuracy when distributing cryptocurrencies," said Cheong. "This allows retailers to target audiences by demographic, spending preferences and geo-location," he claimed, modestly calling his concept "the biggest marketing innovation since the invention of coupons".