Recently, in order to practice the concept of green development, Bank of China and China Construction Bank respectively released the "Principles of China's Green Bonds" and "Environmental Information Disclosure Report" to support the "double carbon" goal with financial means.

Since the beginning of this year, the banking sector has continued to contribute to the green and low-carbon transformation of the real economy. In terms of credit supply, by the end of the second quarter of 2022, the outstanding balance of green loans in local and foreign currencies was 19.55 trillion yuan, up 40.4% year on year. In addition, many banks have made innovations in green financial products and services, such as issuing green themed financial products, setting up "carbon accounts" and issuing green financial bonds.

Source: Official wechat account of China Securities Journal

Reprinted from: China Green Manufacturing Alliance