Free Trial

(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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 (Beijing)

The People's Bank of China (PBOC) will promote the use of green finance and cooperate with global counterparts in the next five years to prevent systemic financial risks resulting from changes in the environment and climate, officials said on Saturday.

The central bank will launch polices under China's 2021-2025 Plan, including optimizing green finance standards, strengthening lenders' green performance evaluation and disclosure and widening current pilot projects, Deputy Governor Chen Yulu said at a meeting of the China Green Finance Committee.

China was the biggest issuer of green loans with over CNY11 trillion outstanding on June 30, while its outstanding green bonds totaled CNY1.2 trillion, the second highest in the world, Chen noted. China also issued "Anti-Covid 19" green bonds and welcomes other countries to develop its huge green finance market, Chen said.

The financial sector must understand how long-term risks of environmental degradation and climate change shift to financial risks, Chen said.


Climate change, with uncertain scale and timing, risks damaging lenders' loan collateral and asset quality, said Wang Xin, the head of the PBOC Research Bureau. The mandate of the central bank, including monitoring macroeconomic indicators, such as industrial output and employment, would be impacted by climate change, he said.

China can widen the practice of green finance by deploying structural tools targeting specific industries and regions in coordination with fiscal policies in extreme situations, and the PBOC is developing relative models and conducting pressure tests to promote green finance, said Wang.


To read the full story

Why Subscribe to

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.