This is despite the enactment of laws designed to curb financial crime. This is not only a threat to the global financial sector, but if allowed to flourish money laundering has the potential to become a threat to society. It can lead to the accumulation of economic power to organized crime.
Meanwhile, we've also expanded support for bond issuance by private firms, including private housing developers, through credit enhancement facilities. We've also rolled out a carbon reduction tool to foster green development. Operating on market principles, this tool supports financial institutions' lending to enterprises focusing on clean energy, emission reduction and carbon reduction.