Xinhua News Agency, Beijing, May 5 (Reporter Wu Yu) Liu Guiping, deputy governor of the People’s Bank of China, recently stated that the central bank will focus on strengthening the three functions of resource allocation, risk management, and market pricing in financial support for green and low-carbon development. The department vigorously promoted the construction of a pilot zone for green finance reform and innovation.
At the same time, focus on summary and promotion, and start the expansion of the test area in a timely manner.
Liu Guiping introduced at the fourth joint meeting of the green finance reform and innovation pilot zone held recently that the green finance reform and innovation pilot zone has actively explored the formation of the five pillars of my country's green financial system.
In the next step, each pilot area should firmly seize the opportunity to strengthen the disclosure of climate information such as carbon emissions, create conditions for the calculation and disclosure of carbon emissions information and other environmental indicators, and continuously improve the scientificity and effectiveness of environmental information disclosure.
Liu Guiping said that it is necessary to highlight the focus of financial support for green and low-carbon development.
Each pilot zone should give full play to the role of the green financial standard system, actively guide the transformation and upgrading of the investment structure, and reduce the path dependence of economic development on high-carbon industries and "two highs" projects.
All pilot zones should earnestly carry out mid-term assessments, systematically summarize the results of reform and innovation, and speed up the replication and promotion of the beneficial experience that has been formed.