In Beijing, a meeting to Promote Green Finance
published on 06 November 2019
The world’s second biggest economy is seeing growing interest in Green Finance – investment in sustainable projects and programs.
In Beijing on 23 October, more than 200 representatives of Chinese banks, local governments, think tanks and international donors attended the “Green Finance and Economic Transition” seminar organized by Agence Française de Développement (AFD), the Chinese Ministry of Finance (MOF), the National Development and Reform Commission (NDRC) and the China Banking and Insurance Regulatory Commission (CBIRC).
Launched by the French Ambassador to China, Laurent Bili to mark the 6th edition of the Franco-Chinese Month of the Environment, the talk called for investors to direct capital flows towards investments compatible with low-carbon development.
It was also a chance for discussions to begin between decision-makers and banking professionals responsible for implementing green finance in China, tackling topics such as regulation and governance, risks and opportunities, and Franco-Chinese cooperation.
Representatives of the Bank of France and the Prudential Supervision and Resolution Authority (ACPR) spoke of the challenges that climate change posed to the sector.
Banking institutions were called on to draw on international cooperation to improve environmental and social management systems, innovate and diversify financial products and services, and develop human resources.
This event is part of the climate mandate of AFD which, via projects and experience sharing, aims to make financial systems greener, and support low-carbon investment and development.
In May 2019, AFD signed a green credit line for a large Chinese urban commercial bank, combined with technical assistance to develop its strategy and range of green financial products.
