Five insights into China’s green finance transformation
State direction offers quick mechanism to embed green finance, writes PBoC’s Ma
Five years ago, few international experts would have thought of China when they discussed green and sustainable finance. The country essentially had only one product – green credit. Indeed, most members of China’s policy-making bodies and financial industry had little understanding of green finance.
Yet today, in many global forums on green and sustainable finance, the ‘China approach’ has become one of the hottest topics. To date, the nation has:
Grown outstanding green loans to over 10Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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