The balance of green loans is 15.9 trillion yuan, ranking first in the world in stock——

Listed banks polish their "green business cards"

　　Focusing on the achievement of carbon peaking and carbon neutrality in services, green finance has become one of the highlights of the 2021 performance report of listed banks.

The balance of ICBC green loans exceeds 2.4 trillion yuan, which is more than one trillion yuan in the first echelon with Agricultural Bank, China Construction Bank and Bank of China.

The second tier includes Postal Savings Bank and Bank of Communications, as well as joint-stock banks such as Industrial Bank, China Merchants Bank, and China CITIC Bank. The balance of green loans is at the level of 100 billion yuan.

Many banks said that they will continue to increase financial support for green development in the future.

　　Green credit grows prominently

　　Combing through the annual reports of banks, it can be found that the fastest growing loans in 2021 are mainly in the fields of green credit, inclusive small and micro businesses, and manufacturing, among which green credit has the fastest growth.

For example, the green credit growth rate of the six major banks is generally higher than 30%, of which the Bank of China has the highest growth rate, reaching 57%.

　　"Green finance is one of the eight major financial development strategies of our group during the 14th Five-Year Plan. 2021 is a year of comprehensive and rapid development of green finance for Bank of China. We will improve the governance structure and build a policy system to carry out green transformation. the top-level design." Liu Jiandong, Risk Director of Bank of China, said at the bank's performance conference.

　　In terms of listed banks as a whole, the fastest growing is Ping An Bank, whose green credit balance increased by 204.6% year-on-year last year.

In addition, the listed banks whose green loan balances have increased by more than 100% include China CITIC Bank, Minsheng Bank, Zhangjiagang Rural Commercial Bank, and Xiamen Bank, with increases of 140.75%, 103.76%, 133.92%, and 116.73%, respectively.

In addition to Zhangjiagang Rural Commercial Bank and Xiamen Bank, the balance of green loans of many small and medium-sized banks has also increased rapidly, with an increase of more than 50%.

　　"Large state-owned banks play a leading and leading role in green financial business scale, business types, product innovation, and green financial capacity building." Fang Yixiang, assistant general manager of the Green Finance Department of Oriental Jincheng, said that local small and medium-sized banks are in green credit There are certain advantages in terms of growth rate.

Local small and medium-sized banks have been deeply involved in the local area for a long time, and have obvious local policies, information and regional advantages. They can develop green financial products that meet local characteristics and needs according to local economic and industrial characteristics, and adopt more flexible credit policies to provide differentiated To support the development of green industries and green customers, and to build differentiated green finance competitive advantages with local characteristics.

　　At the same time, according to Fang Yixiang, local small and medium-sized banks have a large number of small and medium-sized enterprises and agricultural customers. Through innovative business models, they combine green finance with green agriculture and support small and micro enterprises to meet the green financing needs of a large number of small and medium-sized enterprises and agricultural customers. Realize the mutual promotion of green finance and inclusive finance, and achieve effective support for the local real economy.

　　Improve the green financial system

　　In addition to green credit, green bonds are also financial products favored by listed banks.

In June 2021, Industrial Bank Beijing Branch underwrote the country's first blue bond for the construction of offshore wind power and the country's first equity-funded "carbon neutral" bond for Huadian Fuxin, and the raised funds were used for the construction of offshore wind power projects. As well as the acquisition of equity interests in 7 new energy power generation companies, the projects involved are expected to achieve emission reductions of more than 3 million tons of carbon dioxide equivalent per year, with significant emission reduction benefits.

　　It is an inevitable requirement to promote the marketization and sustainable development of green finance to improve the incentive and restraint mechanism and focus on improving the returns of green financial business.

In 2021, in accordance with the principles of marketization, rule of law, and internationalization, the People's Bank of China will create and launch two new structural monetary policy tools to encourage more social funds to be invested in green and low-carbon fields.

One is a carbon emission reduction support tool, which supports the development of three key carbon reduction fields of clean energy, energy conservation and environmental protection, and carbon emission reduction technologies in a stable, orderly, and precise manner, and leverages more social funds to promote carbon emission reduction.

The other is to support special re-loans for the clean and efficient utilization of coal, and to support the large-scale clean production of coal and the application of clean combustion technology in seven areas.

　　The first batch of carbon emission reduction support tool funds were successfully implemented. Among the first batch of 85.5 billion yuan of carbon emission reduction support tool funds issued to relevant financial institutions, the Agricultural Bank received 11.368 billion yuan of funds, corresponding to the clean energy, energy conservation and environmental protection that have been issued in the previous period. Loans of 18.946 billion yuan in key areas of carbon emission reduction, supporting 263 projects such as State Power Investment's Zhangbei "Internet + Smart Energy" 800MW wind and photovoltaic demonstration project, Datang Xiangshan fishery-solar complementary solar power generation, Shanxi Yuanqu pumped storage and other projects, supporting enterprises 197, which can drive 3.8256 million tons of carbon emission reduction, accounting for 13.3% of the carbon emission reduction driven by the first batch of carbon emission reduction support tools of the People's Bank of China.

　　According to reports, the two tools insist on "standing first and then breaking", encouraging "walking on two legs", and continuing to support the clean and efficient utilization of coal and coal power while developing clean energy.

For commercial bank loans that meet the requirements, the People's Bank of China will provide low-cost capital support based on a certain proportion of the loan principal, and the interest rate is 1.75%, which is the most favorable interest rate of the People's Bank of China.

Up to now, the People's Bank of China has supported financial institutions to issue loans of 230.8 billion yuan and 13.4 billion yuan respectively through two tools, of which carbon emission reduction loans drive annual carbon emission reductions of 47.86 million tons of carbon dioxide equivalent.

　　Through a series of institutional arrangements, my country has initially formed a multi-level green financial product and market system such as green loans, green bonds, green insurance, green funds, green trusts, and carbon financial products.

As of the end of 2021, the balance of green loans in domestic and foreign currencies in my country was 15.9 trillion yuan, a year-on-year increase of 33%, ranking first in the world in terms of stock size.

In 2021, the issuance of domestic green bonds will exceed 600 billion yuan, a year-on-year increase of 180%, and the balance will reach 1.1 trillion yuan.

At the same time, the matching of green bond terms is more reasonable, and the cost advantage is gradually emerging.

According to statistics, compared with comparable ordinary bonds, 77% of green bonds in 2021 will have an issuance cost advantage.

　　Increase product innovation

　　For future capital investment, small and micro enterprises, technological innovation, green development and other fields are still the focus of major listed banks.

Experts said that the "blood supply" and efficiency of finance to the real economy are important factors affecting economic development. At present, the banking industry continues to improve the accuracy and adaptability of financial services, which will play an important supporting role in stabilizing the macroeconomic market.

　　Wang Zhiheng, Vice President of Bank of China, said that looking forward to the credit plan for the whole year, firstly, the scale will maintain a steady growth.

BOC will continue to expand the scale of new loans in accordance with the requirements of the new development pattern.

Second, the structure continued to be optimized.

From the perspective of the industry, BOC will continue to increase its support for small and micro enterprises, technological innovation, green development and other key areas, and reasonably control the credit issuance of "two highs and one surplus".

　　Guo Mang, vice president of the Bank of Communications, said that this year, it will further increase its efforts to serve the real economy and continue to optimize the structure of credit assets.

In total, the credit growth rate was about 11.5%, which was roughly the same as last year, and was moderately adjusted according to the requirements of the People's Bank of China.

In terms of structure, firstly, we will continue to support key areas such as inclusive small and micro businesses, technological innovation, green credit, manufacturing, specialization and innovation, and rural revitalization, and secondly, we will maintain a stable supply of personal mortgage loans and promote personal consumption loans.

　　Fu Wanjun, President of China Everbright Bank, said that China Everbright Bank will continue to increase its efforts in the allocation of credit resources this year. It is expected that the growth rate of general loans and bond financing will reach 11.5% and 15% respectively this year. Through active credit arrangements, we will serve the country well. Regional development strategy, focusing on supporting the development of manufacturing, technological innovation, inclusive small and micro enterprises, private enterprises and green industries.

　　"In the next step, ICBC will closely follow the country's '30·60' pace, strengthen the adjustment of investment and financing structure, and achieve the goal of low-carbon transformation. At the same time, it will pay attention to climate risks and conduct stress tests to achieve green, shared, and win-win development." Xu Shouben, Vice President of ICBC, introduced that firstly, we will continue to increase support for green investment and financing to better facilitate the development of green industries; secondly, we will strengthen innovation in green financial products and services, and actively innovate carbon market financial services; thirdly, we will strengthen environmental and social risk prevention. The fourth is to promote carbon peaking and carbon neutrality in an orderly manner, and make simultaneous efforts from the asset side and the operation side to continuously promote the green and low-cost investment and financing. Key tasks such as carbon transformation and low-carbon transformation of its own operations; fifth, to build a green financial brand, strengthen green financial exchanges and cooperation and forward-looking research, and do a good job in external publicity and ESG information disclosure.