Financials Oct 21, 2021 02:48 PM (GMT+8) · EqualOcean
Financial Associated Press, October 21 - Chen Yulu, vice president of the people's Bank of China, said at the 2021 Financial Street forum annual meeting that China attaches great importance to the role of Finance in green and low-carbon development and is one of the first countries to develop green finance. Over the past five years, China has actively built a green financial policy framework to support green and low-carbon development. So far, China's green loan balance is close to 14 trillion yuan, and the stock of green bonds is close to 1 trillion yuan, both of which are among the highest in the world. At the same time, the overall quality of China's green financial assets is good, the non-performing loan rate of green loans is lower than the average non-performing loan rate of national commercial banks, and there is no default case of green bonds.

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