The 2024 Annual Meeting of the International Institute of Green Finance of the Central University of Finance and Economics will be held in Beijing

On September 22, the 2024 Annual Meeting of the International Institute of Green Finance of the Central University of Finance and Economics was successfully held in the Academic Hall of the Central University of Finance and Economics.

At the meeting, the Green Gold Institute of China University of Finance and Economics released a reference manual on opportunities and applications of transformation finance, and research results on green and low-carbon transformation based on the Green Brown Income Database of IIGF Listed Companies; E Fund-IIGF Financial Institutions Biodiversity Risk Analysis Report, Biodiversity Finance Research results based on IIGF Listed Companies Biodiversity Risk Exposure Database; As well as research on green inclusive financial service platforms and financial support green consumption standards, focusing on forward-looking and innovative issues in the fields of domestic and international green finance and sustainable development, aiming to promote the all-round development of green finance in the future.

Ma Haitao, President and Deputy Secretary of the Party Committee of the Central University of Finance and Economics, and Huo Xuewen, Secretary of the Party Committee and Chairman of Bank of Beijing, delivered opening speeches at the annual meeting; Jiang Zhaoli, first-level inspector of the Climate Change Response Department of the Ministry of Ecology and Environment, Ye Yanfei, former first-level inspector of the State Financial Supervision and Administration Administration, Zhang Bei, deputy director of the Research Bureau of the People's Bank of China, Lin Shan, deputy director of the International Finance and Economics Center of the Ministry of Finance, Cui Weijie, deputy director of the International Trade and Economic Cooperation Research Institute of the Ministry of Commerce, and Zhou Aiming, deputy chief representative of the Asian Development Bank Representative Office in China, attended the meeting to deliver keynote speeches. Li Zheng, Vice President of the Central University of Finance and Economics, presided over the opening ceremony of the annual meeting and delivered a concluding speech.

Ma Haitao emphasized in his speech that my country's economic and social development has entered a stage of high-quality development that accelerates greening and low-carbon. Therefore, it is necessary to give full play to the role of green finance and promote the green transformation of my country's economy and society to a new level. First, it is necessary to anchor the deep integration of the "five major articles" of finance, build a multi-level and multi-channel financial product and service system to meet the needs of different market entities, and comprehensively empower the green and low-carbon transformation of the economy and society. The second is to use transformation finance to promote the low-carbon transformation and upgrading of traditional industries, form a "dual-drive" synergy with green finance, optimize the allocation of financial resources, create green industrial clusters, and help develop new productive forces. The third is to broaden international cooperation in green finance under existing cooperation mechanisms, explore the "common language" of global green finance standards, achieve steady and long-term progress in policy systems, partnerships, and practical cooperation, and inject Chinese impetus into global sustainable development.

In his speech, Huo Xuewen emphasized that Bank of Beijing, as an active practitioner of my country's green development concept, will give full play to the role of financial institutions and actively explore the development path of green finance with Chinese characteristics, focusing on top-level design, product innovation, ecological construction, information disclosure, etc. Deepen exploration in multiple dimensions, play a good characteristic card, and accelerate. The first is to strengthen the strategic layout of green finance; the second is to enrich the pedigree of green financial products; the third is to deeply cultivate the green finance industry track; the fourth is to jointly build a green financial ecosystem; and the fifth is to practice the low-carbon concept of green finance.

Jiang Zhaoli pointed out in his keynote speech that in the next stage, climate investment and financing should focus on promoting green and low-carbon development and developing new productive forces, and do a good job in four aspects: First, strengthen policy coordination mechanisms with climate change goals as the core; Second, improve the industry-finance docking mechanism with the climate investment and financing project library as the core; third, explore market incentive mechanisms with carbon pricing as the core; fourth, establish a risk management mechanism with carbon footprint as the core.

Ye Yanfei said in his speech that in the future, we need to focus on the following directions to further leverage the quality and efficiency of financial services to promote comprehensive green transformation of the economy and society: First, traditional industries and green industries such as the "New Three Things" can actively develop M & A financing, Promote the rapid transformation of production factors and synergize industrial progress and technological progress. The second is to attach importance to improving financing support for green and low-carbon technology research and development, and promote green technology innovation and green industry development. The third is to strengthen the green development of inclusive finance, transformation finance, biodiversity finance, etc., establish an effective information sharing mechanism, and also provide information on carbon emissions and other information by establishing carbon labels for the entire life cycle of related products. Effective disclosure encourages the whole society to raise awareness of carbon emission reduction.

Zhang Bei said in her speech that compared with climate change, the understanding and assessment of nature-related opportunities and risks, the disclosure of nature-related information, and relevant financial support still need to be improved, and further research and exploration are needed: First, strengthen nature-related The identification and evaluation of opportunities and risks naturally contains a large number of investment opportunities. By identifying and evaluating benefits, it will help stimulate micro entities to take actions beneficial to nature; The second is to study and explore the framework and guidelines for the disclosure of nature-related information, attach importance to the role of small and medium-sized enterprises in the disclosure of nature-related information, promote voluntary and moderate disclosures that match their capabilities, and support banks to improve their ability to measure the natural-related risk exposure of small and medium-sized enterprises., thereby promoting sustainable financing for small and medium-sized enterprises; the third is to enrich nature-related financial products and services, develop diversified financing tools and models, and strengthen the capacity building of financial institutions and enterprises.

Lin Shan said in his speech that as global green and low-carbon development has become a new driving force for economic growth, China, under the guidance of Xi Jinping Thought on Ecological Civilization, has made outstanding contributions to the global response to climate change and green and low-carbon transformation. Despite the broad prospects, global green and low-carbon development also faces many challenges: first, anti-globalization and protectionist measures have caused certain obstacles to the global green development process; second, there is a huge gap in climate investment and financing in developing countries, while developed countries have mobilized The allocation of climate funds is seriously uneven; third, developing countries face the dual challenges of development and climate change response.

Cui Weijie pointed out in his speech that in the future, my country can respond from three aspects to promote the improvement of global green economic and trade rules governance capabilities: First, clarify the underlying logic of green economic and trade rules, and should be based on its own industrial structure, economic structure, and key elements such as enterprise competitiveness should identify the focus and direction of benchmarking. Second, relying on existing open platforms such as the Pilot Free Trade Zone, or through the construction of green economic and trade cooperation demonstration zones, we will further carry out in-depth pilot trials of green economic and trade rules to form effective experiences and replicate and promote them nationwide. Third, improve the governance capabilities of green economic and trade rules, further leverage my country's scale advantages in green and low-carbon products and other fields, research and propose China's propositions, China's initiatives and China's solutions, transform scale advantages into rule advantages, and move from passive benchmarking to active benchmarking. Benchmark even leads transformation.

Zhou Aiming said in his speech that the Asian Development Bank will continue to set an example, expand and deepen partnerships, strengthen investment and output in global and regional public goods, continue to support climate change, improve biodiversity, and support low-carbon zero-carbon agriculture. ADB will seek innovation in energy transformation mechanisms, regional migration initiatives, debt-to-nature mechanisms, etc., strengthen regional cooperation to address cross-border climate challenges, and work with partners to help improve the quality and growth of sustainable development in the region.

At the meeting, the Green Gold Institute of China University of Finance and Economics also held a cooperation ceremony with the United Nations Women's Office, the Professional Committee on Trade in Services of the China World Trade Organization Research Association of the Ministry of Commerce, the Public Resource Trading Group of Jiangxi Province, and the Xixian New District of Shaanxi Province. Cao Mingxing, dean of the Institute of Finance and Economics of the Central University of Finance and Economics, was invited to preside over this session. At the ceremony, Smriti Aryal, representative of the China Office of the United Nations Women, Yao Zhongqiu, director of the Service Trade Professional Committee of the China World Trade Organization Research Association of the Ministry of Commerce, Liu Chao, chairman of Jiangxi Public Resources Trading Group Co., Ltd., Shaanxi Province Wang Chunming, Secretary of the Party Group and Director of the Ecological Environment Bureau of Xixian New District, and President Wang Yao exchanged letters of intent for cooperation on site.

Professor Wang Yao said in his future work outlook that the Green Gold Institute of China University of Finance and Economics will continue to play the role of a think tank in the future, strengthen the building of green finance teams, enhance the advantages of forward-looking research in green finance, promote the practical implementation of green finance results, deepen international cooperation in green finance, and assist green Finance capacity building, promoting the dissemination of green finance concepts, and continuing to move forward on the road of building a domestic first-class and world-leading financial think tank with Chinese characteristics.

In his concluding speech, Li Zheng said that high-quality development is the last word in the new era and the primary task of comprehensively building a modern socialist country. Adhere to ecological priority and green development, coordinate the promotion of carbon reduction, pollution reduction, green expansion, and growth, and build a green background for high-quality development, we will surely gain advantages, gain initiative, and win the future on the new journey.

Three thematic parallel forums were held during the conference. Sub-forum 1 took "Key Industry Transformation Paths and Financial Support" as the topic, and conducted in-depth exchanges and discussions on key issues such as financial support for the transformation and upgrading of key industries, enrichment of transformation financial products and services, and financial empowerment of new quality productivity. During the release of the results of the forum, Ren Yujie, director of the Green Finance Research Center of the Green Finance Institute of China University of Finance and Economics, released a reference manual on opportunities and applications of transformation finance, and Liu Qilun, a researcher at the Green Finance Institute of China University of Finance and Economics, released the Green Brown Income Database of IIGF Listed Companies.

Yu Lin, Deputy Director of the Climate Change Response Division of the Department of Ecology and Environment of Shaanxi Province, Bai Yuwen, Deputy Secretary-General of the Metallurgical Industry Association of Hebei Province, Zhang Haifeng, Deputy General Manager of the Strategic Planning Department of Agricultural Bank of China, Chen Yaqin, Deputy General Manager of the Green Finance Department/Strategic Client Department of Industrial Bank, and Wu Qi, Director of the Environmental Law and Governance Project of the Natural Resources Defense Association (NRDC), participated in the discussion. Cui Ying, deputy dean of the International Institute of Green Finance at the Central University of Finance and Economics, presided over the forum.

Sub-forum 2 has the theme of "International Experience and China's Practice in Biodiversity Finance". By analyzing the exploration and practice of international financial institutions in supporting biodiversity, it conducts in-depth discussions and prospects on China's future guidance of financial institutions to participate in biodiversity conservation. During the forum's results release session, Yang Chenhui, co-director of the ESG Center of the Green Gold Institute of China University of Finance and Economics, released the E Fund-IIGF Financial Institution Biodiversity Risk Analysis Report and the IIGF Listed Companies Biodiversity Risk Exposure Database.

Li Yan, Director of the Financial Research Division of the People's Bank of China's Yunnan Province Branch, Cheng Jie, Head of ESG Research at E Fund, Tian Jinguang, Head of the Corporate Planning Department of China Construction International Co., Ltd., Leng Fei, National Coordinator of the Biodiversity Finance Project of the United Nations Development Program (UNDP), Liu Wei, Director of Standards and Environmental Affairs at Lenovo Group and Vice Chairman of the China Electronics Quality Association, participated in the discussion. Professor Shi Yichen, Vice President of the International Institute of Green Finance at the Central University of Finance and Economics, presided over the forum.

Sub-forum 3, with the theme of "Practice and Prospects for Green Inclusive Finance Integration", conducted in-depth discussions on topics such as the effective integration of green finance and inclusive finance, writing articles on green inclusive finance, and providing high-quality services for economic and social development. During the release of the results of the forum, Yan Zhan, assistant director of the Green Gold Institute of China University of Finance and Economics and executive director of the Central University of Finance and Economics-Bank of Beijing Dual Carbon and Finance Research Center, released the green inclusive financial service platform, and Bao Jie, co-director of the ESG Center of the Green Gold Institute of China University of Finance and Economics, released the research on financial support green consumption standards.

Liu Feng, chief economist of the International Institute of Green Finance of the Central University of Finance and Economics, Liu Xia, senior researcher of the Green Finance Department of Bank of Jiangsu, Li Xin, general manager of the Compliance Department of Ant Group, Mo Xiugen, executive director of China Inclusive Finance Research Institute, China Testing Lin Wu, deputy general manager of the Technical Services Division of Certification Group Co., Ltd., participated in the discussion. Yan Zhan, Assistant Dean of the Green Gold Institute of China University of Finance and Economics and Executive Director of the Central University of Finance and Economics-Bank of Beijing Dual Carbon and Finance Research Center, presided over the forum.

Nearly 200 representatives from the Council and Academic Committee of the Green Gold Institute of China University of Finance and Economics, government agencies, large central enterprises, domestic and foreign financial institutions, social organizations, and the media attended the meeting. More than 500,000 people also watched the meeting online through China Fortune Network, Daily Economic News, Economic Observer and official channels of China Finance and Economics Green Gold Institute.