China Development Bank ups loan support for green projects
9 months, 1 week ago

China Development Bank ups loan support for green projects

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. BEIJING -- The China Development Bank, a major policy bank in the country, has strengthened financial support for the green and low-carbon industries. The bank issued over 200 billion yuan of green loans during the first five months of the year, and its growth rate exceeded that of all other types of loans within the bank's business. The bank said it has continued to enrich green financial products and services and actively support key sectors in energy conservation, pollution and carbon reduction, greening, and disaster prevention, among other tasks, to facilitate a comprehensive green transformation of economic and social development. Looking ahead, the bank will enhance the quality and efficiency of green financial services and expand support for green transformation in key sectors, including energy, water resources, transportation, and urban-rural construction.

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History of this topic

New climate financing goal expected
4 months, 4 weeks ago

New climate financing goal expected

China Daily  

China will collaborate with other Global South countries at an upcoming conference to push for a new, ambitious climate financing goal from developed nations that can adequately support climate actions in developing countries. Xia especially underscored the pivotal importance of a specific climate financing target from developed countries for developing nations to achieve a successful COP29. A key task for …

China rolls out measures to promote green finance
5 months, 2 weeks ago

China rolls out measures to promote green finance

China Daily  

BEIJING - China has unveiled a guideline on the development of green finance, outlining 19 important measures for key areas to promote the building of a beautiful China. Focusing on key areas such as the green development of key industries and ecological protection and restoration, China will work to create a project library for the building of a beautiful China …

Yantai Huang-Bohai New Area pushes green, low-carbon transformation through financial support
5 months, 3 weeks ago

Yantai Huang-Bohai New Area pushes green, low-carbon transformation through financial support

China Daily  

Yantai Huang-Bohai New Area keeps exploring new pathways for the provision of financial support to green, low-carbon transformation efforts. Among the selected enterprises to carry out such efforts are Wanhua Chemical Group and Tayho Advanced Materials Group, both based in Yantai Huang-Bohai New Area. Wanhua Chemical Group will formulate financing solutions to support the transformation and upgrading of the petrochemical …

Yantai Huang-Bohai New area pushes green, low-carbon transformation through financial support
5 months, 3 weeks ago

Yantai Huang-Bohai New area pushes green, low-carbon transformation through financial support

China Daily  

Yantai Huang-Bohai New Area keeps exploring new pathways for the provision of financial support to green, low-carbon transformation efforts. Among the selected enterprises to carry out such efforts are Wanhua Chemical Group and Tayho Advanced Materials Group, both based in Yantai Huang-Bohai New Area. Wanhua Chemical Group will formulate financing solutions to support the transformation and upgrading of the petrochemical …

Nation helps drive global transition to green energy
7 months ago

Nation helps drive global transition to green energy

China Daily  

By ZHENG XIN | CHINA DAILY | Updated: 2024-08-30 07:04 An aerial drone photo taken on June 6, 2024 shows the wind power equipment at a low carbon-dioxide emission industrial park in Sheyang, Yancheng, East China's Jiangsu province. China's green energy development has become an engine for the global energy transition, which has substantially eased global inflation pressures while addressing …

Nation helps drive global transition to green energy
7 months ago

Nation helps drive global transition to green energy

China Daily  

An aerial drone photo taken on June 6, 2024 shows the wind power equipment at a low carbon-dioxide emission industrial park in Sheyang, Yancheng, East China's Jiangsu province. China's green energy development has become an engine for the global energy transition, which has substantially eased global inflation pressures while addressing climate change, according to a white paper issued on Thursday. …

China's National Development Bank issues $1.7 billion of green bonds
7 months, 1 week ago

China's National Development Bank issues $1.7 billion of green bonds

China Daily  

BEIJING - China's National Development Bank, a key policy bank, has successfully released 12 billion yuan in the form of three-year green financial bonds, with an issuance rate of 1.63 percent, which have attracted a wide variety of investors. The NDB has now reached a cumulative total of 189 billion yuan in terms of issued green financial bonds, reinforcing its …

China to overhaul electricity system for green growth, energy security
7 months, 3 weeks ago

China to overhaul electricity system for green growth, energy security

China Daily  

CHINA DAILY/XINHUA | Updated: 2024-08-09 09:36 An employee works on a solar panel production line in Suqian, Jiangsu province. WANG LI/FOR CHINA DAILY China has unveiled an action plan to speed up the building of a "new electricity system" as part of the country's efforts to pursue low-carbon development and ensure energy security. China aims to raise the total installed …

China EximBank increases loans to foreign trade industry in H1
7 months, 3 weeks ago

China EximBank increases loans to foreign trade industry in H1

China Daily  

This aerial drone photo taken on May 9, 2024 shows a freight ship docking at the container terminal of Lianyungang Port, East China's Jiangsu province. BEIJING -- The Export-Import Bank of China beefed up credit support for the development of the country's foreign trade industry in the first half of 2024, with loans offered to the sector up 13.27 percent …

Green development boosted by efforts from Qilu Bank
8 months, 1 week ago

Green development boosted by efforts from Qilu Bank

China Daily  

Recently, the 2024 Shandong "Haopin Financial" list was officially released, and the "Low Carbon Benefit Loan" product submitted by Qilu Bank was selected for the list of excellent green financial products. In June 2023, to fully utilize and benefit from Shandong province's carbon reduction policy tools and increase preferential loans in the green and low-carbon fields, Qilu Bank introduced the …

Innovative 'Photovoltaic Climate Loan' initiative boosts green finance in Ningbo
8 months, 2 weeks ago

Innovative 'Photovoltaic Climate Loan' initiative boosts green finance in Ningbo

China Daily  

Ningbo, Zhejiang province, launched the nation's first "Photovoltaic Climate Loan" worth 7.66 million yuan on July 11. By leveraging precise meteorological data, this collaboration eliminates the uncertainties that typically hinder traditional funding processes, offering a comprehensive evaluation framework for PV projects. However, with the robust data engine and cutting-edge algorithms of the city's meteorological bureau, a detailed 'sunshine resource map' …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

By Zhou Lanxu, Liu Zizheng, Yan Xingzhou and Ma Qing| chinadaily.com.cn| Updated :2024-06-06 As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." Behind the rapid growth is a "top-down approach" to promote green finance markets, …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." Behind the rapid growth is a "top-down approach" to promote green finance markets, …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." Behind the rapid growth is a "top-down approach" to promote green finance markets, …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." Behind the rapid growth is a "top-down approach" to promote green finance markets, …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." Behind the rapid growth is a "top-down approach" to promote green finance markets, …

China's green finance: From 'zero' to 'hero'
9 months, 3 weeks ago

China's green finance: From 'zero' to 'hero'

China Daily  

As the annual World Environment Day arrives today and underlines the urgency of the global green transition, a leading expert said that China has grown its green loan and green bond markets into the world's largest in a few years, representing a shift from "zero" to "hero." Behind the rapid growth is a "top-down approach" to promote green finance markets, …

China's carbon commitment blueprint for global sustainability
10 months ago

China's carbon commitment blueprint for global sustainability

China Daily  

China's low-carbon commitment, particularly the endeavor to achieve its carbon-neutral target, has become a new driving force for the country's inbound and outbound investment. China's determined climate commitment to achieve carbon neutrality by 2060 and peak carbon emissions by 2030 marks a significant turning point in the global fight against climate change. This shift towards carbon neutrality reflects a profound …

China needs $17 trillion to meet climate goals: World Bank
2 years, 5 months ago

China needs $17 trillion to meet climate goals: World Bank

Al Jazeera  

China needs up to $17 trillion in additional investments for green infrastructure and technology in the power and transport sectors to meet its goal of net-zero emissions by 2060, a World Bank report has found. “China’s long-term growth prospects are increasingly dependent on rebalancing the economy from infrastructure investment to innovation, from exports to domestic consumption, and from state-led to …

China ups global green cooperation
2 years, 7 months ago

China ups global green cooperation

China Daily  

By LIU ZHIHUA | China Daily | Updated: 2022-08-30 07:54 Tourists visit a wind farm in Yunyang county, Chongqing, on Aug 17. Xie Zhenhua, China's special representative on climate change affairs, said at a forum held on Saturday in Beijing that the nation has always been and will continue to be a key participator, contributor and pioneer in global climate …

China leans on state-run banks for $120bn to boost economy
2 years, 9 months ago

China leans on state-run banks for $120bn to boost economy

Al Jazeera  

The recently announced stimulus will go to boost infrastructure investment and is part of an old playbook to drive growth. “The additional 800 billion yuan loans from policy banks will help fill the financing gap if any.” Standard Chartered forecasts infrastructure investment will grow 10-15% this year, although that may still not be enough to offset the headwinds to economic …

China EximBank's bad loan ratio at 4-yr low in 2021
3 years, 2 months ago

China EximBank's bad loan ratio at 4-yr low in 2021

China Daily  

Pedestrians walk past an BEIJING -- The Export-Import Bank of China, a state-owned policy bank, achieved stable lending expansion last year while keeping its bad loan ratio at a low level. The bank's non-performing loan ratio stood at 1.58 percent at the end of 2021, the lowest notch in four years, according to a work conference of the China EximBank. …

China issues guideline on green development in urban, rural areas
3 years, 5 months ago

China issues guideline on green development in urban, rural areas

China Daily  

BEIJING -- The general offices of the Communist Party of China Central Committee and the State Council have issued a guideline underpinning green development in urban and rural areas. The guideline sets a target that by 2025 the institutional mechanisms and policy systems for green development in urban and rural areas will be basically established. It sets another target that …

China’s ambitious green targets at risk as local efforts lag
3 years, 7 months ago

China’s ambitious green targets at risk as local efforts lag

Al Jazeera  

Green energy and infrastructure targets established at the highest levels of China’s government are failing to translate into real progress at the local level, says Greenpeace. The Greenpeace East Asia report released on Monday in Beijing highlights the gap between the decarbonisation targets coming from China’s top leadership and the continued dirty-recovery reality at the local level, finding that only …

Financial support urged to attain carbon targets
3 years, 11 months ago

Financial support urged to attain carbon targets

China Daily  

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. China's central bank chief vowed on Tuesday to mobilize financial support from all parties to realize the goal of the nation achieving carbon neutrality by 2060, and called for promoting a deepened opening-up of the domestic green financial market to foreign …

China says it wants to improve its green finance standards
4 years, 3 months ago

China says it wants to improve its green finance standards

Al Jazeera  

China will update its green finance standards to make it easier for foreign investors to enter the market. China plans to improve its green finance standards to support its carbon-neutrality objectives and make it easier for foreign investors to enter the green finance market, central bank governor Yi Gang said on Wednesday. “We will promote harmonisation of green finance standards …

Opinion: China's Role As The World's Development Bank Cannot Be Ignored
6 years, 5 months ago

Opinion: China's Role As The World's Development Bank Cannot Be Ignored

NPR  

Opinion: China's Role As The World's Development Bank Cannot Be Ignored Enlarge this image toggle caption Zhang Peng/LightRocket via Getty Images Zhang Peng/LightRocket via Getty Images Kevin P. Gallagher is the director of the Global Development Policy Center at Boston University's Pardee School for Global Studies. According to new research at Boston University's Global Development Policy Center, the China Development …

Stronger financing to back China's green development path
7 years, 7 months ago

Stronger financing to back China's green development path

China Daily  

An image of a promotional video of China's green manufacturing development at the inauguration ceremony of the Green Manufacturing Association of China in Beijing, July 22, 2017. BEIJING - China is aiming high in pursuing green development and boosting its energy-saving and environmental protection industries, with green financing one of the key areas to be tapped. There has been consensus …

Green finance to help reduce pollution, boost industrial upgrading
7 years, 9 months ago

Green finance to help reduce pollution, boost industrial upgrading

China Daily  

Move makes china the first country to build a national system to boost green finance As China strives to protect its ecological integrity, the financial sector is coming to the aid to contain pollution and help advance the industrial transformation. Green finance－a concept still unfamiliar to most－entered the economic lexicon last week after the central government decided to set up …

China mulls policies to encourage green finance development
7 years, 9 months ago

China mulls policies to encourage green finance development

China Daily  

China mulls policies to encourage green finance development Xinhua | Updated: 2017-06-16 17:03 BEIJING - China is mulling more ways to encourage banks and private capital to invest in green finance projects, a deputy central bank governor said Friday. Developing green finance is a global trend and a necessary choice for China's sustainable growth as well as a major move …

Risks on Belt & Road loans controllable: Bank officials
7 years, 10 months ago

Risks on Belt & Road loans controllable: Bank officials

China Daily  

BEIJING - Chinese loans to countries and regions along the Belt and Road will not add to local debt burden, while risks rising from such loans are under control, bank officials said Thursday. Ding Xiangqun, vice-president of China Development Bank, said at a press conference that the majority of projects supported by the CDB generated sufficient cash flow to pay …

China seeks to launch green industry fund with World Bank
7 years, 11 months ago

China seeks to launch green industry fund with World Bank

China Daily  

China is seeking to launch a green industry fund with the World Bank, part of which is expected to support the Belt and Road Initiative, a provincial economic regulation official told China Daily on Tuesday. "The fund is expected to support projects helping to protect the environment, among which some are expected to support the Belt and Road Initiative in …

China central bank official urges efforts to boost green financing
7 years, 11 months ago

China central bank official urges efforts to boost green financing

China Daily  

BEIJING — A central bank official on Saturday said green financing must be improved as the country seeks greener and more sustainable growth. In a speech delivered at a meeting on green financing, vice governor of the central bank Chen Yulu said China's green financing is still at an early stage and it has the potential to be more effective. …

China central bank official urges efforts to boost green financing
7 years, 11 months ago

China central bank official urges efforts to boost green financing

China Daily  

BEIJING — A central bank official on Saturday said green financing must be improved as the country seeks greener and more sustainable growth. In a speech delivered at a meeting on green financing, vice governor of the central bank Chen Yulu said China's green financing is still at an early stage and it has the potential to be more effective. …

ADB package set to boost green growth
8 years ago

ADB package set to boost green growth

China Daily  

Loan syndication agreement to help develop waste-to-energy projects with local govts The Asian Development Bank signed its first onshore local currency complementary loan syndication agreement worth $100 million on Tuesday to support Dynagreen Environmental Protection Group Co Ltd in clean municipal waste-to-energy projects with advanced technologies in small and medium-sized cities in China. The financing package will help develop waste-to-energy …

China to provide financial support to developing countries coping with climate change
8 years, 4 months ago

China to provide financial support to developing countries coping with climate change

China Daily  

Xie Zhenhua, China's special representative of climate change, speaks at the High-Level Forum on South-South Cooperation on Climate Change on the sidelines of the United Nations Climate Conference on Monday. China plans to enhance financial support to developing countries to adapt to climate change through a south to south cooperation scheme, a senior official of the Chinese delegation said during …

China to provide financial support to developing countries coping with climate change
8 years, 4 months ago

China to provide financial support to developing countries coping with climate change

China Daily  

Xie Zhenhua, China's special representative of climate change, speaks at the High-Level Forum on South-South Cooperation on Climate Change on the sidelines of the United Nations Climate Conference on Monday. China plans to enhance financial support to developing countries to adapt to climate change through a south to south cooperation scheme, a senior official of the Chinese delegation said during …

China green credit grows
8 years, 6 months ago

China green credit grows

China Daily  

Banks issue 75 billion yuan worth of environmental bonds in the mainland in the first half of the year With environmental issues looming high on policymakers' agendas, China is grabbing the lion's share of global green funding, demonstrating the country's potential as the game changer for the green bond market. The issuance of green bonds, which are debt instruments exclusively …

China shows strong commitment to green growth
8 years, 6 months ago

China shows strong commitment to green growth

China Daily  

BEIJING - China has shown strong climate leadership by incorporating green finance into the agenda of G20, and the outcome of the summit will further push the Paris Agreement to come into force, climate experts said. China proposed the G20 Green Finance Study Group, led by the central banks of China and the UK, which developed a report on green …

CBRC pushes green finance
8 years, 6 months ago

CBRC pushes green finance

China Daily  

China's banking regulator has devoted great efforts to building a green credit policy system, leading banking institutions to support the development of an economy that is green, low carbon, and circular - meaning that it is designed to restore and regenerate resources. Ye Yanfei, senior inspectorate adviser of the policy research bureau of the China Banking Regulatory Commission, said on …

CBRC pushes green finance
8 years, 6 months ago

CBRC pushes green finance

China Daily  

China's banking regulator has devoted great efforts to building a green credit policy system, leading banking institutions to support the development of an economy that is green, low carbon, and circular - meaning that it is designed to restore and regenerate resources. Ye Yanfei, senior inspectorate adviser of the policy research bureau of the China Banking Regulatory Commission, said on …

Guidelines for establishing the green financials system
8 years, 6 months ago

Guidelines for establishing the green financials system

China Daily  

China is at a crucial stage of economic structural adjustment and transformation for its development model. The green financial system refers to the institutional arrangement that utilizes financial instruments such as green credit, green bonds, green stock indices and related products, green development funds, green insurance, and carbon finance, as well as relevant policy incentives to support the green transformation …

Chinese banking sector reports healthy green credit growth
8 years, 6 months ago

Chinese banking sector reports healthy green credit growth

China Daily  

BEIJING - The Chinese banking sector reported growing credit into the green sector and a lower bad loan rate amid surging green financing demand, according to the country's banking regulator. The outstanding green credit of 21 major banks stood at 7.26 trillion yuan by the end of June, accounting for about nine percent of total loans, according to the China …

China pushes green finance onto G20 agenda
8 years, 6 months ago

China pushes green finance onto G20 agenda

China Daily  

HANGZHOU - For the first time, green finance is included on the Group of 20 summit agenda thanks to the efforts, mainly from China, to make the financial sector contribute more to environmentally friendly economic growth around the globe. China proposed the setup of a G20 Green Finance Study Group led by the central banks of China and Britain, which …

China to provide more fiscal support for greener growth: Official
8 years, 6 months ago

China to provide more fiscal support for greener growth: Official

China Daily  

BEIJING - China will establish a green financing mechanism to facilitate the economy's transition featuring sustainable growth, a senior official of the Ministry of Finance told Xinhua on Friday. The MOF will integrate several special funds on energy conservation and environment protection to provide funding for the green development fund and invest in green industry, a strong message showing the …

China to develop capital markets to boost green financing: researcher
8 years, 6 months ago

China to develop capital markets to boost green financing: researcher

China Daily  

BEIJING - China's securities watchdog is considering more support for green financing via the capital market to help the transition to greener growth, according to a senior researcher. More capital market support could help channel money into environmentally friendly sectors, said Ma Xianfeng, deputy head of the China Institute of Finance and Capital Markets, a think tank affiliated with the …

China's green financing system begins to take shape
8 years, 6 months ago

China's green financing system begins to take shape

China Daily  

BEIJING - China is moving full speed ahead to establish a green financing mechanism to support the economy's transition to sustainable growth. The guidelines send a strong message -- the government has put its full weight behind green financing, according to Ma Jun, chief research economist at the central bank, in an article run by the People's Daily on Friday. …

China's green financing system begins to take shape
8 years, 6 months ago

China's green financing system begins to take shape

China Daily  

BEIJING - China is moving full speed ahead to establish a green financing mechanism to support the economy's transition to sustainable growth. The guidelines send a strong message -- the government has put its full weight behind green financing, according to Ma Jun, chief research economist at the central bank, in an article run by the People's Daily on Friday. …

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