Aerial photo taken on Oct. 13, 2021 shows the container ship Libra of China's COSCO Shipping at Shanghai Yangshan Port, east China. (Xinhua/Fang Zhe)
BEIJING, Nov. 30 (Xinhua) -- The Yangtze River Delta has recently released an executive plan for promoting green finance development in the region, according to the authorities.
The plan states that in about three years, the region will strive to develop into a pilot zone for green finance products and service innovation, featuring application of climate investment and financing and carbon finance, as well as the integrated development of green industry and green finance.
The plan identifies nine major tasks including developing green credit, supporting green investment in the securities market, promoting innovation in green insurance, developing green and inclusive finance, developing climate investment and carbon finance, cultivating systematical green finance organism, building mechanism for transform and upgrading of green finance service industry, establishing green information sharing mechanism, and strengthening cooperation and exchange in the field of green finance.
Specifically, green bonds including local government bonds and corporate bonds that are themed green development and carbon neutrality will be supported, according to the plan. It is also expected that the Shanghai Stock Exchange will establish a service station for capital market in the Yangtze River Delta region, in order to facilitate the listing of green enterprises.
The region will explore innovative models for collaborative green insurance, as well as support the capital market to offer advantage for major industries and projects with green features, namely the green ecological corridor and the green agricultural base, in a bid to facilitate financial resources to lean over to green causes.
(Edited by Yu Huichen with Xinhua Silk Road, yhc0267@163.com)
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