国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

China's green finance presents massive chances for global investors

(Xinhua) Updated: 2016-09-07 09:46

SHANGHAI - For three decades, China's growth was fueled by government investment and exports of manufactured goods, but rapid growth and urbanization created serious environmental problems.

China's green finance now presents a massive opportunity for international investors.

The Chinese leadership is committed to environmental protection and sustainable growth, Yi Gang, deputy governor of the People's Bank of China (PBOC), told a forum on Tuesday.

Deborah Lehr of the Paulson Institute, said that China is a bellwether in green finance and believes that more international investors will be involved in green finance.

Last week, the PBOC and several ministries released plans for a complete green finance mechanism to make China the first country with such a set up.

The plan encourages private capital into green sectors and attempts to prevent investment that leads to pollution.

Ma Jun, chief research economist at the PBOC, estimates that the costs of cleaning up China's environment will amount to at least 3 trillion yuan ($450 billion) annually. Current fiscal resources can cover no more than 15 percent of that amount. A green market could bring significant private sector investment to meet this shortfall, which means opportunities for global investors, Ma said.

Helen Wong, general manager of HSBC Group, said that the group plans to invest 8 billion U.S. dollars in green industries, including $1 billion in green bonds.

In the first seven months of 2016, China's green bond issues hit about $18 billion, about 40 percent of the world total during the period.

Hot Topics

Editor's Picks
...
饶阳县| 通河县| 桑日县| 和平县| 明溪县| 柞水县| 上高县| 富蕴县| 宁化县| 大城县| 忻城县| 高邑县| 原阳县| 苗栗市| 亳州市| 丽江市| 黄骅市| 新蔡县| 鲁甸县| 巴彦县| 聊城市| 长顺县| 深水埗区| 自治县| 育儿| 汪清县| 崇仁县| 昆明市| 景泰县| 南投县| 丰宁| 襄垣县| 延寿县| 临安市| 鱼台县| 田林县| 陆河县| 贵港市| 儋州市| 南漳县| 星子县|