The Chinese mainland is set to enhance its financial support for green and low-carbon development, according to Zhu Hexin, deputy governor of the People’s Bank of China (PBOC). Speaking at a recent conference, Zhu emphasized the importance of green finance in achieving environmental benefits and driving industrial transformation.
The PBOC's initiative aims to ensure the steady growth of green finance, aligning with the broader goal of building a beautiful China. By focusing on the effectiveness of green financial products, the Chinese mainland seeks to promote sustainable practices across various industries, fostering both economic and environmental resilience.
This strategic move highlights the commitment of the Chinese mainland’s financial sector to support sustainable development goals. As global attention on climate change intensifies, the enhancement of green finance will play a critical role in facilitating the transition to a low-carbon economy.
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China to increase finance support for green, low-carbon development
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