Current location:travel >>
China to boost financial support toward green growth
travel442People have gathered around
Introduction(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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Canvas news portal”。http://burma.unhasdecoradas.org/html-27c099899.html
Related articles
Target to lower prices on basic goods in response to inflation
travelTarget plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inf ...
【travel】
Read moreSheer delight! Anya Taylor
travelShe's one of Hollywood's most glamorous actresses. And Anya Taylor-Joy turned Sydney International A ...
【travel】
Read moreFormer Naval officer to challenge Matt Gaetz in upcoming GOP primary
travelU.S. Rep. Matt Gaetz, who angered many of his Republican House colleagues with his challenges that l ...
【travel】
Read more
Popular articles
- Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
- The Valley's Jesse Lally steps out with stunning new girlfriend Lacy Nicole
- Eli Lilly, 3M rise; MicroStrategy, Chegg fall, Tuesday, 4/30/2024
- New York Knicks reserve Bojan Bogdanovic will have foot surgery and miss the rest of the playoffs
- Dodgers acquire pitcher Yohan Ramírez from Mets for cash
- The 4 officers killed in North Carolina were tough but kind and loved their jobs, friends say
Latest articles
Four people killed in a house explosion in southwestern Missouri
Former MVP Mike Trout needs surgery on torn meniscus
Travis Kelce agrees to new TWO
Sports Emmy Awards will honor 8 individuals as Gold and Silver Circle inductees
Yu Darvish extends scoreless innings streak to 25 in Padres' 9
Life sentence for gang member who turned northern Virginia into 'hunting ground'
LINKS
- NRA kicks off annual meeting as board considers successor to longtime leader Wayne LaPierre
- Paul McCartney is Britain's first billionaire musician, an annual list says
- Federal prosecutor in Arkansas stepped down while being investigated, report says
- Mystik Dan looks like the horse to beat in the Preakness on what could be a muddy track
- Violence in New Caledonia subsides slightly as France sends reinforcements for security
- Drake leads the 2024 BET Awards nominations with 7, followed closely by Nicki Minaj
- German parliament approves plans to relax strict restrictions on family names
- Messi napkin that sealed Barcelona move sells for $965,000 at auction
- Kate Garraway shows support for Giovanni Pernice
- Maya Jama sports pared