November 29 2021

China Deepens Industry-Finance Cooperation to Promote Green Industrial Development

Source: Ministry of Industry and Information Technology of the People’s Republic of China

Four authorities led by the Ministry of Industry and Information Technology and the People's Bank of China have jointly released the Guiding Opinions on Strengthening the Industry-Finance Cooperation to Promote Green Industrial Development, requiring establishing and improving the standard system for carbon accounting and green finance, improving the information sharing mechanism for green industrial development, and increasing the support for green financing.

In terms of innovative green financial products and services, the document supports testing of real estate investment trusts in the field of infrastructure (infrastructure REITs) in green and low-carbon parks in a prudent and steadily manner. It encourages financial institutions to develop climate-friendly financial products, supporting the Guangzhou Futures Exchange to build a carbon futures market for the standardized development of carbon financial services.

 

Source: Ministry of Industry and Information Technology of the People’s Republic of China