Share with friends and circle of friends with wechat scanning QR code < / P > < p > in recent years, ESG (environment, society and Governance) is becoming a key topic of concern for governments and capital markets around the world, and the popularity of green finance such as ESG investment continues to rise < p > < / P > < p > at the 2021 Beijing Summit of the Global Wealth Management Forum on July 24, fan Yifei, vice governor of the central bank, delivered a keynote speech & nbsp& nbsp; Photo by surging news reporter Zhou Yu < / P > < p > fan Yifei: guide pension, insurance, social security and other long-term funds to enter ESG investment market < / P > < p > under the guidance of double carbon goal, China's green finance has developed rapidly. According to statistics, at the end of 2020, the balance of domestic and foreign currency green loans in China was about 12 trillion yuan, ranking first in the world; China's green bond stock is about 800 billion yuan, ranking second in the world < p > in this regard, fan Yifei, vice president of the Party of the people's Bank of China, said that ESG investment has become a key issue for green and low-carbon development. To promote the sustainable development of green finance, we should combine the two paths of "top-down" and "bottom-up", and vigorously guide and encourage ESG investment < p > although China has made some achievements in the development of green finance, in fan Yifei's view, there are still deficiencies in the cultivation of investors, docking with international standards, environmental information disclosure and standardized development of intermediary institutions in the field of green finance < p > fan Yifei said that policy measures and mechanism construction will be taken simultaneously to cultivate ESG investors. In terms of incentive policies, we will continue to explore fiscal and tax policies, including subsidies, interest discounts, tax reductions and exemptions, as well as regulatory policies to enhance the attractiveness of green credit and green bonds. Strengthen and improve the evaluation mechanism of green finance, enhance the enthusiasm of market institutions to allocate green assets, actively promote market construction, promote the combination of ESG investment and fixed income products, enrich the application fields of ESG investment, and guide long-term funds with certain social relevance such as pension, insurance and social security to enter the ESG investment market and be included in the evaluation system, To enrich the source of funds in the green bond market < p > in addition, fan Yifei also said that the central bank will improve the green financial standard system and promote the connection with international standards; Improve the information disclosure requirements and strengthen the market restraint mechanism; Strengthen the construction of market ecology and give full play to the bridge role of intermediary institutions < p > he said that on the basis of respecting China's energy endowment and industrial structure, the central bank will study and formulate green bond standards in line with international standards to help the development of global green finance. We will continue to strengthen the mandatory and normative environmental information disclosure of financial institutions, securities issuers and public sectors, establish mandatory and unified information disclosure standards, cover all kinds of financing subjects, refine environmental information disclosure requirements, and explore the establishment of information sharing mechanism to facilitate financial institutions to obtain enterprise carbon emission data. We will also continue to standardize the behavior of intermediary institutions, carry out the filing of evaluation and certification institutions, and promote the unification of standards in the evaluation and certification industry through market-oriented evaluation and cross inspection of business quality < p > Liang Tao: we should not simply trample on and rashly cut off loans to traditional high-carbon industries. At the < / P > < p > summit, Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission, also talked about the difficulties and challenges facing China's green finance and the role that ESG investment will play < p > Liang Tao said that at present, the decisive role of the market in the green allocation of financial resources has not been fully played; The synergy between the government and the market driving the sustainable development of green finance is not obvious; The pricing of green asset products and services lacks corresponding standards, strategies and tools; The financing price can not comprehensively reflect the capital cost, risk bargaining and ecological value; The level of ESG strategic planning and application of financial institutions is uneven; The education on the concept of responsible investment needs to be strengthened; The methods, tools and information disclosure of environmental and social risk management need to be further improved; The professional ability of green finance is insufficient, and it needs to be improved in product innovation, talent construction and risk control < p > Liang Tao said that we must give full play to the strong momentum of green finance to support green economic recovery. He put forward five suggestions: < / P > < p > first, grasp the right direction and strengthen overall coordination. We should accurately understand the policy connotation of national carbon emission reduction and economic green and low-carbon transformation, and grasp the rhythm and intensity of financial support for carbon peaking and carbon neutralization. We should analyze the financial needs of low-carbon economic transformation and development from a macro perspective, reasonably calculate the risk exposure of high-carbon industry assets, and adjust our own asset structure steadily and orderly < p > financial institutions should fully consider the reality of China's economic and social development and the difficulty of phased transformation of the development of various industries, closely follow the carbon emission reduction policies formulated by relevant departments, and should not simply stampede, rashly withdraw loans, cut off loans and do not renew when due to traditional high-carbon industries. They should ensure the sustainability of their business On the basis of actively supporting the green and low-carbon transformation of relevant enterprises, provide necessary financial support for traditional businesses to avoid "talking about carbon color change". At the same time, we should strengthen coordination and cooperation with other industries to form a strong joint force to effectively support the steady and healthy development of the real economy < p > Second, improve the policy system and optimize financial services. We will improve the policy framework for green financial supervision, improve the statistical monitoring, assessment and evaluation system, formulate green financial information disclosure standards, provide guidance for green finance to support economic recovery, incorporate the progress of green transformation into the daily supervision and evaluation of banking and insurance institutions, create a policy environment for the healthy and orderly development of green finance, and encourage banking institutions to expand the scope of credit mortgage and pledge, Innovate financial products and service modes, enrich green insurance products, explore differentiated premium rate mechanism, and improve the risk guarantee ability of green economic activities < p > Third, practice the concept of responsible investment and prevent financial risks. Guide banking and insurance institutions to practice the ESG responsible investment concept from the aspects of strategy, task, process and management, and encourage financial institutions to focus on environmental climate and social risks as parameters in credit decision-making, loan approval, capital price, risk management, internal control and asset portfolio. Strengthen the corporate governance of financial institutions, pay attention to the application, systematicness, integrity and dynamics of ESG responsible investment concept, coordinate the relationship with stakeholders, and improve the core competitiveness of financial institutions < p > Fourth, strengthen incentive and restraint and improve professional ability. Encourage financial institutions to strengthen internal incentives and constraints, optimize performance appraisal system, implement differentiated management requirements, increase the promotion of green and low-carbon investment and financing projects, urge banks and insurance institutions to implement relevant industrial policy requirements, improve customer credit management, and incorporate carbon presentation and carbon pricing into credit management flow ?
2023-03-22 10:04:39