Green Financial Reform and Innovation Pilot Zone will reappear to accumulate my country's green financial system "Chongqing Experience"

Green financial reform and innovation pilot zone adds new members. On August 25, the six departments including the People's Bank of China (hereinafter referred to as the "Central Bank") issued the "Overall Plan for Chongqing Construction of Green Financial Reform Innovation and Innovation Pilot Zone" (hereinafter referred to as the "Plan"), marking the Chongqing Green Financial Reform and Innovation Pilot Zone The official launch will build a "Chongqing experience" for my country's green financial system.

"Since 2017, the central bank has guided six provinces (regions) and nine places to carry out green financial reform and innovation pilot zone, and accumulated a series of valuable local experiences for the construction of the green financial system in my country." Fang Yi, assistant general manager of the Ministry of Finance, said in an interview with the Securities Daily that the reappearance of the green financial reform and innovation pilot zone was an important measure to strengthen financial support for green and low -carbon development.

Many people in the industry have said that on the basis of the fruitful results of the green financial reform and innovation pilot zone, further expanding the scope of the test area will not only continue to support the development of local green industries and economic transformation and upgrading, but also continue to improve the level of green financial business of financial institutions Essence

Chongqing shoulder four main tasks

Chongqing is an important ecological barrier in the upper reaches of the Yangtze River. It has abundant ecological resources, important ecological status, and major ecological responsibility. Construction of green financial reform and innovation pilot zone in Chongqing, actively explore the effective path of green financial support for regional economic low -carbon development. High -quality development is of great practical significance.

You Yi, director of the Management Committee of the Green Financial Research Institute in Hainan Province, said in an interview with the Securities Daily that Chongqing started a green financial innovation test very early. "The determination to transform the target.

From the perspective of Fang Yi, the "Fourteenth Five -Year Plan" is a critical period to achieve carbon peaks and carbon neutrality, and it is necessary to further promote the development of green finance. Vigorously promote the construction of green financial reform and innovation pilot zone to effectively promote the adjustment of the industrial structure, guide investment to the low -carbon industry track, and promote the realization of the "dual carbon" goal through the experience area promoted experience and green financial forces. At this starting green financial reform pilot zone, Chongqing can make full use of the green financial policy mechanism to promote the continuous improvement of the environment and the green transformation of the industrial structure.

According to the "Plan", the main goal of Chongqing to build a green financial reform and innovation pilot zone is that after about 5 years of efforts, it has established a green financial system with a variety of organizations, rich products, strong policies, and safe and efficient market operations in Chongqing. Focusing on this goal, the "Plan" proposes four main tasks, including cultivating the development of the green financial market system, the establishment of the integration and development system for green finance and green industries, the construction of digital green financial infrastructure, and strengthening green financial cross -regional cooperation.

In terms of specific task deployment, the "Plan" specifically proposed "cultivating and optimizing the carbon emission right trading market", "deepening the environmental rights and asset transactions such as inter -provincial and cities, and deepening inter -provincial and cities, and exploring the establishment of environmental benefits and ecological ecology Value marketization trading mechanism ".

Fang Yixiang believes that as a pilot area of ​​my country's carbon emissions transaction, Chongqing can explore and communicate with cross -regional cooperation in the areas of carbon pledge loans, carbon emissions transactions, carbon emissions measurement and certification, and bring new results and experience to the development of green finance.

Drive the rapid development of the green financial market

Prior to this, the central bank successively guided the six provinces (regions) and nine places to set up a green financial reform and innovation pilot zone to conduct green financial reform and innovation tests.

In June 2017, the 176th Executive Meeting of the State Council was approved to set up a green financial reform and innovation pilot zone in Zhejiang, Guangdong, Guizhou, Jiangxi, and Xinjiang. In November 2019, Lanzhou New District, Gansu Province was approved as the ninth green financial reform and innovation pilot zone in the country, and the only green financial reform and innovation pilot zone in the Yellow River Basin.

Over the past five years, the green financial reform of the six provinces (regions) and nine places has formed a series of copies of replicable and promoted experience. The valuable reform experience in various places not only supports the development of local green industries and economic transformation and upgrading, but also improves the level of green financial business of financial institutions and drives the rapid development of the national green financial market.

Public data shows that as of the end of June this year, the balance of green loans in the nine -land test area of ​​the six provinces (districts) reached 1.1 trillion yuan, accounting for 11.7%of the total loan balance; the balance of green bonds was 238.832 billion yuan, a year -on -year increase of 41.18%.

According to the central bank data, as of the end of the second quarter of this year, the balance of green loans of local and foreign currencies was 1.955 trillion yuan, an increase of 40.4%year -on -year, 7.4 percentage points higher than the end of the previous year, 29.6 percentage points higher than the growth rate of various loans, an increase of 3.53 trillion in the first half of the year. Yuan. Among them, loans with direct and indirect carbon reduction benefits are 8 trillion yuan and 4.93 trillion yuan, respectively, accounting for 66.2%of green loans. The balance of green bonds in China is about 1.3 trillion yuan, ranking among the top world.

Experts engaged in green industry research told the Securities Daily that through the policy dividend of the experimental area, the cost of using low -carbon transformation or green financial support enterprises can be effectively solved. Flexible innovative financial instruments such as green credit and green bonds can substantially reduce corporate financing costs, which is very helpful for its future transformation and development.

The basic connotation of the construction of the green financial reform pilot zone in Chongqing is inherited from the nine places of the six provinces (districts), but it also has its own distinctive characteristics, which is mainly reflected in the "four characteristics". Coordination of production and finances and fourth is scientific and technological empowerment. It is worth mentioning that Chongqing is the first provincial economy in the overall plan of the construction of the green financial reform and innovation pilot zone in the construction area of ​​the green financial reform and innovation pilot zone, and pays more attention to the new measures of carbon peaks and carbon neutralization. Help low -carbon transformation and industrial upgrade

Development of green finance is an important driving force for green development, and it is also an important part of supply -side structural reform. At present, the "three major functions" of green finance, that is, resource allocation, risk management, and market pricing functions are emerging. Initially formed with the market system and the international cooperation of green finance. Green Finance has played an increasingly important role in supporting China's low -carbon transformation and high -quality development.

From the perspective of Fang Yi, green financial reform is an important driving force to promote the optimization of energy structure and industrial upgrading. This driving force is mainly reflected in the function of resource allocation. Through financial means, the financial channels and industrial integration are promoted, and more social funds, resources are invested in low -carbon, efficient clean energy technology, equipment and infrastructure construction to ensure protection The construction and operation of green projects and the production and development of green enterprises, at the same time increase the cost of the "two highs and one left" industry, and then promote the upgrading and adjustment of the industry.

"Six provinces (districts) Green Financial Reform and Innovation Pilot Zone in Nine Lands in the Pilot Zone has deepened the innovation of institutional mechanisms over the past five years, promoted a group of replicable experiences, formed a significant regional characteristics, and exerted the" three major functions of green finance '. "Fang Yi. Xiangxiang said that the experimental area has achieved a number of financial innovation breakthroughs in multiple fields. Through the first trial and accumulating experience, to ensure the construction of green financial reform results, the construction of ecological civilization and the "double carbon" goal, and the development of green and low -carbon development of the real economy has been improved. Supporting strength.

- END -