(Yicai Global) Dec 4. -- The Green Finance Special Committee of Lujiazui Financial City Council and Climate Bonds Initiative (CBI) organized a roundtable meeting to recognize China Green Bond and Climate Finance Development achievements with the China-UK Green Finance Initiative at Shanghai Tower in Lujiazui.
CBI Chief Executive Sean Kidney and Wang Yao, president of the International Institute of Green Finance at the Central University of Finance and Economics, spoke about the China Green Bond Market Development Report and 2017 China Climate Financing Report, respectively.
Representatives from China Chengxin Credit Management Co., the Shanghai Stock Exchange, HSBC Holdings PLC [LON:HSBA; NYSE:HSBC; HK:0005], the London Stock Exchange, the British Consulate General Shanghai and the UK's Department for International Trade (DIT) attended.
Green finance attracts social capital to environmentally-friendly investments. Lujiazui Financial City works to promote Shanghai as a global finance center with a promising future of becoming China's top green finance reform and innovation area.
The Green Finance Special Committee of Lujiazui Financial City Council issued its Initiative on Voluntary Disclosure of Green Information and the Initiative on Principles of Green Responsible Investment in October. With the introduction of world-leading principles on development and investment methods, the meeting called for a transparent and sustainable green finance ecosystem fostering economic advancement and environmental protection.
China has become the largest issuer in the green bond market and has maintained its global leadership in the green finance field with robust domestic policy guidance and a strong international presence.