China invests in green, transition finance systems and frameworks

The regional leader in green bonds will keep looking at labelling and internationally aligned standards, such as the common ground taxonomy with the EU, experts discussed at ICMA's inaugural summit. Meanwhile transition finance taxonomies are being rolled out in Chinese provinces.

With China home to a green credit loan market sized at Rmb30 trillion, with Rmb2.5 trillion ($346.3 billion) of green bonds outstanding, market participants are seeking ways, to leverage the potential of green finance in the world’s second largest credit market, including developing  green standards, taxonomies and product systems.

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