Your current location:HOME >sport >China to boost financial support toward green growth 正文
TIME:2024-05-21 09:18:11 Source: Internet compilationEdit:sport
(ECNS) -- China will strengthen its financial support for green and low-carbon development, accordin
(ECNS) -- China will strengthen its financial support for green and low-carbon development, according to the document jointly released by several government departments including the People's Bank of China (PBOC) on Wednesday.
According to the document, China will build a world-leading financial support system for green development in the next five years ensuring better resource allocation, risk management and market pricing by 2035.
A relevant official from the PBOC stated that the guidelines promote the development of green financial products and markets from multiple perspectives.
It will advance the development of the carbon emissions trading market, explore and enrich financial products and transaction methods linked to carbon emissions rights. And China will gradually expand the scope of trading entities suitable for the development of its carbon market.
The document said China will increase credit support for green development and low-carbon transformation in energy, industry, transportation, construction and other fields, and support eligible enterprises to list at home and abroad for financing or refinancing.
Also, the country will support the capital market for green and low-carbon development, supporting eligible enterprises to raise funds through domestic and overseas listings or refinancing, with the funds raised used for operation of green and low-carbon projects, and regulating the conduct of green bonds and green equity investment and financing businesses.
The guidelines pointed out that China will promote green insurance and services, and improve the insurance protection system for significant risks related to climate change. Further, it will work to strengthen the participation of entities in the green financial market.
The PBOC said work will be done to incorporate climate change-related risks into the macro-prudential policy framework and encourage financial institutions to accordingly improve their risk-control systems and corporate governance frameworks.
Everybody may love Raymond, but Ray Romano loves Peter Boyle2024-05-21 08:52
LIZ JONES: Kate's strength has made me ashamed. And there's one self2024-05-21 08:33
Sophie Wessex and daughter Lady Louise are Queens of the royal hand2024-05-21 08:17
Queen Letizia and King Felipe arrive at funeral of Fernando Gomez2024-05-21 07:57
Six killed in a 'foiled coup' in Congo, the army says2024-05-21 07:28
Here's one we faked earlier! Portrait of late Queen Elizabeth II with her grandchildren and great2024-05-21 07:25
Listen up: Northland to test tsunami sirens2024-05-21 07:01
Not b***** likely! How straight2024-05-21 07:01
Sweden beats France, Britain relegated after losing to Norway at hockey worlds2024-05-21 06:51
Born on this day2024-05-21 06:40
Six killed in a 'foiled coup' in Congo, the army says2024-05-21 09:16
A slippery, dim2024-05-21 09:10
Al Cowlings2024-05-21 09:00
Girl, five, dies after being hit by a lorry as she rode her bike outside school2024-05-21 08:38
Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse2024-05-21 08:10
What is happening with the NZ housing market this week?2024-05-21 08:04
Never leave a man behind: Veterans join forces to give British spy a proper send2024-05-21 07:50
Never leave a man behind: Veterans join forces to give British spy a proper send2024-05-21 07:20
Why US Catholics are planning pilgrimages in communities across the nation2024-05-21 07:11
Snap! How toned Pippa Middleton matches her bikinis with her designer wardrobe2024-05-21 06:42