Green Finance

Green finance is a major support of green development. It is also part of supply-side structural reform.

In August 2016, the People's Bank of China and six other central ministries and regulatory bodies issued guidelines on building a green financial system. The document defined green finance as activities supporting environmental protection, addressing climate change, and promoting conservation and efficient use of resources. These include financial services to the investment and fund-raising, operation and risk control of projects in relation to environmental protection, energy saving, clean energy, green transportation, and green buildings.

The report to the CPC's 19th National Congress listed green finance as one way to promote green development. Building a green financial system will help expedite the green transformation of China's economy, benefit technological advances in eco-friendly and energy-saving sectors and new energy, accelerate the fostering of new growth areas, and unlock potential for growth.

China is the world's first economy to have established a relatively complete policy system for green finance. In recent years, green finance has grown rapidly in China, leading the rest of the world in such sectors as incentive measures, local pilots, green bonds, green industrial funds, environmental pressure testing, and green assessment and certification.

Since 2012, the China Banking Regulatory Commission, the People's Bank of China, the National Development and Reform Commission, the Shanghai Exchange, and the Shenzhen Exchange have issued a series of documents regarding green credit, green bonds issuance, green corporate bonds, and the green financial system. Some regions in Gansu, Guangdong, Guizhou, Jiangxi, Xinjiang and Zhejiang have been granted approval to build pilot zones for green finance reform and innovation with particular focuses and features, and their successful institutional practices may be replicated in other parts of China.

綠色金融

發展綠色金融，是實現綠色發展的重要措施，也是供給側結構性改革的重要內容。2016年8月，中國人民銀行等7部委聯合印發《關于構建綠色金融體系的指導意見》，明確綠色金融的內涵為支持環境改善、應對氣候變化和資源節約高效利用的經濟活動，即對環保、節能、清潔能源、綠色交通、綠色建筑等領域的項目投融資、運營和風險管理等提供的金融服務。中共十九大報告進一步將發展綠色金融作為推進綠色發展的路徑之一。構建綠色金融體系，不僅有助于加快國家經濟向綠色化轉型，也有利于促進環保、新能源、節能等領域的技術進步，加快培育新的經濟增長點，提升經濟增長潛力。

中國是全球首個建立比較完整的綠色金融政策體系的經濟體。近年來，中國綠色金融發展迅速，在激勵措施、地方試點、綠色債券、綠色產業基金、環境壓力測試、綠色評估與認證等領域走在世界前列。2012年至今，中國銀監會、中國人民銀行、國家發展改革委、滬深交易所等多個部門先后發布了關于綠色信貸、綠色債券發行、綠色公司債、綠色金融體系等一攬子文件。浙江、江西、廣東、貴州、新疆、甘肅等6省（區）部分地區獲批建設各有側重、各具特色的綠色金融改革創新試驗區，在體制機制上探索出可復制可推廣的有益經驗。