MNI BRIEF: China Should Clarify Green Financing Rules - Ma Jun

China’s financial regulators should unveil standards for energy transition financing of carbon-intensive sectors and information disclosure requirements as soon as possible to guide institutions and attract private investors, said Ma Jun, Chairman of the Green Finance Committee of the China Society for Finance and Banking, on Friday.

The People’s Bank of China is considering measures covering thermal power, steel, building materials and agriculture, said the former chief economist of the PBOC, noting the Bank will include more carbon-intensive industries at a gradual pace.

More fiscal and monetary policy incentives are needed to encourage private participants, including preferential interest and tax rates, interest subsidies, investment by government-back mutual funds, industrial policies, the economist suggested, citing the G20 Transition Finance Framework.

The Bank is expected to introduce more facilities to support low emissions, covering debt, equity, insurance products, Ma said, according to the website of GFC.