BEIJING, May 8 (Xinhua) -- China has seen fast development of its green finance and it will boost Belt and Road infrastructure investment, said Wang Yao, professor of Central University of Finance and Economics in an interview.
At present, China has formed a complete green financial policy system. Green credit, green stocks, green funds and other products have enjoyed fast development, international cooperation in the framework of green finance has continued to advance.
Social and industrial development along Belt and Road is relatively backward and their demand for infrastructure is huge, noted Wang.
Besides, ecological environment in a considerable number of B&R countries is fragile, it is necessary to adjust the economic development model and carry out low-carbon investment, stressed Wang.
Statistics have showed that by 2040, global infrastructure investment demand will reach 94 trillion U.S. dollars, most of which are from developing countries, especially B&R countries. Green finance can play as a financial leverage through a variety of financial instruments and trading methods, improve the ecological environment of relevant countries while promoting economic development as well as sustainable development.
(Edited by Bao Nuomin, baonuomin@xinhua.org)
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