Xinhua Finance and economics, Beijing, January 15 (reporter Yan Peng) – on the 15th, Chen Siqing, chairman of China’s Industrial And Commercial Bank Of China Limited(601398) board of directors, said at the “Global Wealth Management Forum · Shanghai suhewan summit” that finance, as the core of modern economy, must undertake its due responsibility and mission. We should fully introduce the concept of green, low-carbon and sustainable into the construction of modern financial system, Continuously improve the ability of finance to help green transformation.
In Chen Siqing’s view, first, we should adhere to serving entities and accelerate the development of green finance. Actively comply with the production and lifestyle, green transformation trend, and take strong actions to improve the coverage, availability and satisfaction of financial services. According to the needs of the transformation of the real economy, we will prospectively adjust the investment and financing layout, and guide and leverage all kinds of resources to flow to the field of low-carbon circular economy.
Second, we should adhere to the guidance of innovation and deepen the cause of investment and financing. Focusing on the low-carbon industrial structure and the industrialization of green technology, we will launch more accurate and appropriate financial products, vigorously develop green bonds, funds, insurance, carbon finance and other tools, promote the accelerated development of green financial market, give play to the dual driving role of science, technology and data, expand the boundary of green financial services and improve service capacity.
Third, we should adhere to the concept of system and deal with risks in the whole process. Coordinate the relationship between development and emission reduction, overall and local, short-term and medium and long-term, promote green transformation, build on the affordable basis of the economy, take the road of safe carbon reduction, improve the adaptive control ability of environmental and climate risks, do a good job in risk detection of market players, actively prevent systemic risks and maintain global financial stability.
Fourth, we should adhere to openness and cooperation and share the fruits of development. Adhere to the principles of joint consultation, co construction and sharing, promote the construction of a fair, reasonable and win-win green financial governance system, give better play to the role of China’s international cooperation mechanism, strengthen the overall coordination of global financial resources, strengthen the ESG concept of financial services, and strive to narrow the gap of green development between countries, regions and urban and rural areas.
