Technological innovation and green......>

CHINA PRESS: Technological innovation and green finance are increasingly

becoming key pillars advancing China's goal to create a green economy, Economic

Information Daily, a newspaper under the official Xinhua News Agency reported

Thursday. More detailed policies will be issued in the near future to help the

development of the green economy, the newspaper said. Yang Weiming, deputy head

of the Leading Group for Financial and Economic Affairs, said the Ministry of

Finance is studying the creation of a "National Green Development Fund" and

other government bodies are working on measures to enhance the disclosure by

listed companies of their environment costs. Qu Shenning, a researcher at the

China Academy of Social Science, said various government departments may create

a work group to coordinate the development of green finance and add to related

law rules on green credit, green bonds and green finance to strengthen

companies' environmental responsibilities. Qu also noted a specific fund may be

established to support green development and provide subsidies to companies

contributing to technological innovation and green development. (Economic

Information Daily)