China News Service, Urumqi, May 23 (Tao Shuanke) In the past four years, "green finance" reforms and innovations have blossomed in various parts of Xinjiang.
Up to now, there are 59 green franchised institutions of banking financial institutions and 7 green franchised institutions of non-banking financial institutions, achieving full coverage of green franchised institutions of banking financial institutions in the pilot zone.
In June 2017, the State Council of China approved Xinjiang Hami City, Changji Prefecture, and Karamay City to become the first batch of green finance reform and innovation pilot zones in the country.
The reporter recently learned from the Urumqi Central Sub-branch of the People's Bank of China that the sub-branch has actively promoted the development of green finance in the past four years, providing strong support for the green, low-carbon, and high-quality development of Xinjiang's economy.
In the past four years, three pilot zones have built green finance pilot zones with their own emphasis and characteristics.
At the same time, there are also non-banking financial institutions green franchise institutions also participating.
Xun Zhi, Director of the Financial Research Department of the Urumqi Central Branch of the People’s Bank of China, insisted that Xinjiang, as one of the first green financial reform and innovation pilot zones in the country, has achieved gratifying results in the development and reform of green finance, and the construction of a green project library has begun to take shape. Become the first green financial reform and innovation pilot zone to build a green project library.
As of the end of March 2021, the area covered by the green project library has been expanded from the three pilot zones mentioned above to 11 prefectures and cities including Urumqi and Yili Prefecture.
In addition, the scale of green credit continues to expand.
Give full play to the precise drip irrigation of monetary policy tools such as re-lending and rediscount, and guide financial institutions to increase credit support for green fields, and maintain a reasonable growth in capital investment.
As of the end of March 2021, the green loan balance of Xinjiang financial institutions exceeded 240.3 billion yuan, accounting for 10.2% of all loans, an increase of 11.1% year-on-year.
Mainly invest in clean energy industry, green upgrade of infrastructure and energy saving and environmental protection industry.
Xun Zhijian said: "At present, green development is receiving more and more attention. In the next step, Xinjiang Green Finance will continue to increase credit support for the development of green industries. Guide financial institutions to follow the principle of green financing only increasing, and non-green financing only decreasing. , Reduce credit investment in high-carbon industries, and increase green credit. Organize financial institutions in the three pilot zones to step by step to promote environmental information disclosure of financial institutions based on their own data bases and business capabilities, in order to fully replicate and promote financial institutions across the country. Accumulate advanced experience and best practices."
It is reported that green finance refers to economic activities that support environmental improvement, response to climate change, and resource conservation and efficient use, that is, project investment and financing, project operation, risk management, etc. in the fields of environmental protection, energy conservation, clean energy, green transportation, and green buildings. Financial services provided. (Finish)