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China Needs CNY300 Tln Investment to Achieve Net-zero: PBOC

CHINA PRESS
MNI (Singapore)

China may need a total investment of CNY150-300 trillion to achieve its carbon emission peak and neutrality goals, so it requires many domestic and foreign investors to participate in the country’s green financial market, wrote Liu Guiping, vice governor of the People’s Bank of China in an article published on the PBOC-run magazine China Finance. The central bank will promote green finance in the Guangdong–Hong Kong–Macau Greater Bay Area by encouraging domestic and overseas green banks, securities and funds to set up headquarters for green business in the areas, as well as facilitating interconnection of the financial markets, wrote Liu.

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