China Green Finance Task Force Report: Green Banking System
This paper sets out the case for establishing a green banking system in China. It recommends the establishment of a system of green banks empowered to fully leverage their expertise, scale, and risk management to manage green loans and investments.
- A China Ecological Development Bank should be established in which the government does not have to have a controlling interest
- Regionally, local governments should actively explore and encourage the creation of green banks funded mostly by private capital
- Commercial banks should adopt best-practices in green financing and establish eco-finance business divisions.