Abstract:

   Five years ago, few would have expected China to become a pioneer in green finance. It had only one green financial product then: a modest-sized green credit. Today, it is one of the largest markets for green bonds as well as having an array of other green finance products, such as green funds, insurance products, ETFs and ABSs. 

   China’s rapid transformation has drawn much attention from the international community with many people wondering what “secrets” powered China’s progress. This article provides an overview of what China has achieved in developing its green finance system, highlights the key features of the Chinese approaches and explores areas of the Chinese green finance market that can be further improved.

Full Text(PDF):China's Pioneering Green Finance