BEIJING, June 11 (Xinhua) -- Chinese central bank, the People's Bank of China (PBOC) released Wednesday its appraisal plan for green finance business of banking institutions in the country, effective as from July 1, reported Xinhua-run Xinhua Finance.
PBOC said that its past notice on appraising performance of green credit business of deposit financial institutions in the banking industry will be abolished upon the scheduled implementation of the appraisal plan.
Green finance business refers here to such businesses that are conducted by banking institutions in China in accordance with relevant green finance standards and regulations, including but not limited to green loans, green securities, green equity investment, green leasing, green trust, and green wealth management.
PBOC is expected to appraise green finance business of 24 major banking institutions.
Indicators of the green finance appraisal are classified as quantitative and qualitative ones, with weightings of the former and the latter at 80 percent and 20 percent respectively. There are four quantitative indicators, including the proportion of value, market share and amount at risk of green finance business of banks in their respective business total and the year-on-year growth of their green finance business value.
Appraisal results of the green finance business of banks will be included into consideration of their ratings by PBOC and decision of other policies and prudent management tools. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)