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Greening China's Financial System

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This aim of this book is to develop specific proposals for greening China’s financial system based on an analysis of current practice in China and an exchange of experience with international experts. The authors develop specific proposals for greening China's financial system, based on an analysis of current practice in China and an exchange of experience with international experts. They propose a framework for actions covering five key areas that could promote the systematic development of green finance in China, including to (1) establish and strengthen legal frameworks, including environmental laws and law enforcement that contribute to the demand for green finance; (2) Improve coordination and information sharing between environmental, financial and industrial regulators and with third-party institutions; (4) develop comprehensive policy support for green finance; (4) foster the development of the information infrastructure with information on environmental costs and a green credit rating system; and (5) “green” the policy banks as leaders in establishing markets and best practices for commercial banks.