"Multiple lifts" to expand green finance
Recently, a number of listed banks have disclosed their financial reports, and while stabilizing interest margins and reducing risks, the incremental expansion of green finance has become a bright spot, which has attracted much attention from the market. In recent years, green finance has empowered the low-carbon development of the real industry and played an important role in the sustainable development of the economy and society. Guiding more funds to empower green production is not only the original intention of green finance, but also an important starting point. China has initially built a multi-level green financial system led by green credit and green bonds, and jointly developed by green insurance, green funds, green trusts and other fields.
However, based on the actual development of China's traditional energy structure and industrial structure, there are still some difficulties and blockages in the development of green finance.
On the one hand, relevant financial policies should play a substantial role in guiding and supporting, and enhance the initiative of financial institutions represented by banks to develop green finance by enriching relevant monetary policy tools, so as to continuously expand the scale of the green finance market. A few days ago, the People's Bank of China (PBoC) confirmed that the implementation of the carbon emission reduction support tool will be postponed until the end of the year, and some local corporate financial institutions and foreign-funded institutions will be included in the scope of financial institutions for carbon emission reduction support tools. This move not only expands the scope of policy benefits, but also accelerates the investment and construction of clean energy and other fields through preferential interest rate loans, which will effectively increase the willingness of various business entities to reduce carbon emissions. At the same time, it has also launched special re-loans to support the clean and efficient use of coal, and encouraged high-carbon industries to transform and upgrade to low-carbon development.
On the other hand, the banking, securities and insurance industries should accelerate the supply and service of green finance, strengthen the innovation of financial products, and stimulate and cultivate more effective demand for green finance. At present, China's economy is moving towards a stage of high-quality development, and the transformation and upgrading of economic structure and growth mode calls for precise empowerment of green funds. Judging from the green loan data, as of the end of last year, the balance of green loans in domestic and foreign currencies in China was 30.08 trillion yuan, a year-on-year increase of 36.5%. Behind the rapid growth of green loans, the new economic momentum and green finance are "two-way running", the effective demand for green development in the real industry and the upgrading of green finance supply are resonating at the same frequency.
It should be pointed out that the development of green finance is not isolated, but should be considered and planned in the five major articles of finance, namely science and technology finance, green finance, inclusive finance, pension finance, and digital finance, and the relevant financial sectors should explore more paths and methods. In addition, the development of green finance also requires the coordination of financial policies, fiscal and industrial policies.
