By the People's Bank of China, it has recently collaborated with the Ministry of Ecology and Environment, the Financial Regulatory Administration, and the China Securities Regulatory Commission to release "Opinions on Leveraging Green Finance for Building a Beautiful China." The document outlines 19 key measures aimed at enhancing high-quality development in green finance to aid this initiative.
By the People's Bank of China, it has recently collaborated with the Ministry of Ecology and Environment, the Financial Regulatory Administration, and the China Securities Regulatory Commission to release "Opinions on Leveraging Green Finance for Building a Beautiful China." The document outlines 19 key measures aimed at enhancing high-quality development in green finance to aid this initiative.
The opinions emphasize coordinated efforts in reducing carbon emissions, pollution control, expanding greenery, and promoting growth. They focus on constructing project databases related to beautiful China's pilot areas, supporting low-carbon development in key industries, advancing pollution prevention efforts, and ecological restoration—all while improving financial precision.
It is crucial to enhance financial institutions' capabilities in providing green finance services by diversifying products such as green loans and bonds. Attention will be given to regional environmental projects, carbon markets, resource management initiatives, climate financing diversity, and promoting green consumption through innovative financial products.
To ensure effective implementation, these four departments will establish coordination mechanisms alongside platforms for government-business-finance collaboration. They aim to develop unified standards for green finance while optimizing incentive structures and assessing policy effectiveness. A robust risk management system will also be put in place for monitoring financing conditions across critical sectors.
A representative from the People's Bank stated that achieving beautiful China requires integrated approaches across energy restructuring, pollution control, and ecological protection—areas characterized by diverse industries with long investment cycles. Developing green finance is essential not only for supporting this vision but also as a focal point for high-quality financial growth.
Moving forward, the People's Bank will work with relevant departments to refine operational frameworks and tasks continually improve foundational systems that support green finance initiative.