China Green Finance Task Force Report
Establishing China's Green Financial System

Country Paper

Authors: Green Finance Task Force   

Published By: UNEP Inquiry    Research Bureau of the People's Bank of China   

Date: Apr 2015

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China Green Finance Task Force Report

In 2014 the Research Bureau of the People’s Bank of China convened a Green Finance Task Force made up of 40 experts from ministries, financial regulators, academics, banks and other financial institutions, complemented by international experts brought together by the UNEP Inquiry to consider the steps that China could take to establish a green financial system. This report is the outcome of this process, and in it the Research Bureau of the People’s Bank of China presents an ambitious framework of recommendations.

The recommendations cover four broad areas:

  • Specialized investment vehicles to support green investment, including green banks and funds
  • Fiscal and financial support, especially to promote green bonds and green IPOs;
  • Financial infrastructure covering for example carbon markets, green credit ratings and stock indices
  • Legal infrastructure, including provisions to advance environmental lender liability, and compulsory environmental liability insurance and disclosure of environmental information.

The main report is complemented by a bilingual summary, as well as detailed background reports on the theoretical framework, lessons from international experience and on each of the fourteen recommendations.

Background Reports
Theoretical Framework
International Experience

Detailed Recommendation Papers
Green Banking
Green Funds
Development Banks
Green Loans
Green Bonds
Green IPO
Emissions Trading
Green Credit Rating
Green Stock Index
Environmental Cost Analysis
Green Investor Networks
Green Insurance
Legal Liability
Environmental Disclosure Requirements

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