Free Trial
HUNGARY

Retail Sales Record Fastest Drop Since Feb 2021

USDCAD TECHS

Corrective Bounce

ENERGY

What to Watch

EUR

EURSEK test the 2020 peak

EQUITY TECHS

E-MINI S&P (H3): Uptrend Remains Intact

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: China To Push Green Transition Despite Challenges

(MNI) LONDON

Despite global challenges triggered by the energy crisis, China will continue with the green transition of its economy, introducing environmental, social and governance (ESG) principles into financial institutions’ operations, officials and bankers told the China International Financial Annual Forum 2022 on Friday.

According to Zhou Liang, vice chairman of China Banking and Insurance Regulatory Commission, the country will coordinate energy security and green development, and look to meet credit demand for energy and electricity supply. Beijing will push green innovation and incentives for green finance projects, he said.

Zhou Yueqiu, chief economist of Industrial and Commercial Bank of China, warned the green innovation will likely be impacted by the inflation hit from current energy price, but Chinese institutions should still add new green tools to their traditional financial operations, while looking to increase investment in new energy. Institutions should also increase connections between domestic and oversea green markets.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.