On September 17, the annual meeting of the Green Finance Professional Committee of the China Finance Society for 2023 took place at the Tongzhou International Wealth Center in Beijing. This event marked the ninth annual meeting since the Green Finance Committee was founded in 2015.
Leaders from the People's Bank of China, major financial institutions, and experts from nearly 70 organizations delivered speeches at the event. Participants deeply discussed topics such as innovation in green financial products, regional green low-carbon high-quality development, sustainable information disclosure, integration of green inclusive finance, financial support for biodiversity conservation, and transition finance. This year's meeting returned to an in-person format, gathering industry elites and scholars from both domestic and overseas arenas to share the latest advancements and announce 20 significant results, which are expected to promote the continuous innovative development of green finance in crucial areas.
During the event, representatives from 17 institutions, including the Green Finance Committee's working (research) groups, unveiled 20 key outcomes. This session was led by Wang Wen, Secretary-General of the Green Finance Committee and Executive Dean of the Chongyang Institute for Financial Studies at Renmin University. The announced findings include:
Yin Hong, Deputy Director of the Green Finance Professional Committee and Lead of the Disclosure Working Group, Senior Expert at ICBC's Credit Approval Department, presented the "Research on Environmental Information Disclosure."
Zhang Haifeng, Deputy General Manager of the Strategic Planning Department at the Agricultural Bank of China, introduced the "Research on Policy, Standards, and Practices for Green Inclusive Finance Development."
Liu Shiwei, Head of the "Belt and Road" Green Finance International Practice Research Group of the Green Finance Professional Committee and Chief Risk Manager at Bank of China's Credit Management Department, released the "Belt and Road Green Finance International Practice Study."
Chen Yaqin, Lead of the Innovation Research Group of the Green Finance Professional Committee and Deputy General Manager of the Green Finance Department at Industrial Bank Co., Ltd., unveiled the "Green Finance Innovation Case Study."
Bai Yunwen, Lead of the Financial Support for Biodiversity Conservation Research Group of the Green Finance Professional Committee and Deputy Director of the Beijing Institute of Green Finance and Sustainable Development, presented the "Research on Financial Support for Biodiversity Conservation."
Wang Yong, General Manager of the Risk Management Department at China Construction Bank, introduced the innovative practice of the CCB's ESG Rating System.
He Cong, Director of the Research Department at the People's Bank of China's Zhejiang Branch, revealed the "Zhejiang Path of Transition Finance."
Liu Yiwen, Director of the Financial Work Office of the People's Government of Huzhou City in Zhejiang Province, showcased the "Huzhou Practice of Transition Finance."
Li You, Deputy Party Secretary and Deputy Governor of the People's Bank of China's Chongqing Branch, introduced the exploration of Chongqing's corporate carbon accounting.
Zhang Hua, Deputy Governor of the People's Bank of China's Taizhou Branch, released the second phase of Taizhou's "Micro-Green Reach" inclusive green finance application scenario.
Lin Xueguan, Party Committee Member and Head of Interbank at MYbank, presented the "Research on Carbon Reduction Theory and Typical Scenarios in the Commercial and Trading Industry."
Sun Rui, Senior Advisor at the Paulson Foundation and Executive Director of the Green Finance Center, introduced the "Fintech Promotion of China's Green Finance Development: Cases and Prospects (2023)."
Xu Sujiang, General Manager of the Research Department at the China Foreign Exchange Trading Center, unveiled the green bond labeling based on the "Common Classification Catalog."
Wang Wen, Secretary-General of the Green Finance Professional Committee and Executive Dean of the Chongyang Institute for Financial Studies at Renmin University, announced the "China Green Finance Development Report 2023"; Lan Hong, Deputy Director of the Ecological Finance Research Center, Professor, and Ph.D. Advisor at Renmin University, released "Green Finance: A New Momentum for a Financial Powerhouse" and "Major Power Game Rule Reshaping Triggered by Carbon Neutrality - From the Perspective of Production Transition and Power Enhancement under Carbon Constraints."
Wang Yao, Deputy Secretary-General of the Green Finance Professional Committee and Dean of the Green Finance International Research Institute at the Central University of Finance and Economics, introduced the "Analysis of Green and Brown Income in A-Shares" and the "Research on Activating Carbon Assets to Promote Local Government Green Financing."
Liu Jingyun, Vice President of Joint Equator, released the evaluation mechanism for green financing leasing and its local pilot application.
Shangguan Fangqin, Head of the Green and Intelligent Technology Center at China Iron and Steel Research Group, presented the "Transformation Target Setting Tool (Steel)."
This gathering underscores China's ongoing dedication to green and sustainable finance, built upon the innovations and collective efforts of industry experts and leaders.