A senior researcher from Pangu think tank told the reporter of National Business Daily that the emergence of the fourth equatorial bank in China is another typical example of deepening the construction of green finance in China. With the deepening of the five green financial reform and innovation pilot areas, commercial banks have made great progress in the theory and practice of green finance. In his view, in order to further improve the initiative and enthusiasm of financial institutions to develop green finance, in the future, we should focus on solving the definition standards of green financial projects and rationalizing the pricing mechanism of resources and environment.
The number of Equatorial Banks in China has increased to four.
It is reported that "Equator Bank" refers to the bank that announced the adoption of the Equator principle in project financing. The Equator Principle advocates that financial institutions should perform the obligation of prudent verification on the environmental and social problems of project financing above $6,543,800. Financial institutions that adopt the equator principle should bear corresponding responsibilities.
According to the data, the equator principle was formed in 2003. This is a set of voluntary financial industry benchmarks formulated by major global financial institutions such as Citigroup and ABN Bank of America with reference to the sustainable development policies and guidelines of the International Finance Corporation under the World Bank.
According to a research report of Guohai Securities, financial institutions that adopt the Equator Principle should bear the following responsibilities: First, all the project financing exceeding $6.5438+million worldwide must meet the requirements of the Equator Principle; The second is to add an environmental risk assessment system to the credit risk management system; Third, the process and experience of implementing the "Equator Principle" must be properly disclosed to the public.
Official website shows that 10 1 financial institutions from 38 countries have adopted the equator principle.
Before Chongqing Rural Commercial Bank, there were three banks in the domestic "Equatorial Bank" camp: Industrial Bank, Jiangsu Bank and Huzhou Bank. It is understood that as of the end of September 2065438+2009, the loan balance of Chongqing Rural Commercial Bank exceeded 400 billion yuan. At the end of 20 19, the bank's green credit loan balance exceeded1800 million yuan, an increase of over 30% compared with the end of last year.
On the other hand, the number of equatorial banks in China is increasing gradually, and the development of green finance in China is deepening. According to the statistics of China People's Bank, by the end of 20 18, the balance of green credit of banking financial institutions nationwide was 8.23 trillion yuan, up by16% year-on-year; The annual increase was 1. 1.3 trillion yuan, accounting for 14.2% of the loan increase of enterprises and other units in the same period.
Industry: Green finance should focus on four issues in the future.
"With the deepening of the five green financial reform and innovation pilot zones, commercial banks have made more progress in the theory and practice of green finance." Wu Qi, a senior researcher at Pangu Think Tank, told reporters that in recent years, commercial banks have combined the characteristics of green environmental protection industries to accelerate business model and product service innovation; At the same time, broaden the sources of funds by issuing green bonds and increase the support of green finance; In addition, green financial basic systems and infrastructure construction such as industry self-discipline mechanism and environmental information disclosure system are also constantly advancing.
China green bond market has developed rapidly since it was launched at the end of 20 15. The research report from Dongfang Jincheng International Credit Rating Co., Ltd. shows that in 20 199, China issued 195 "tagged" green bonds, with the issuance scale of 282.76 billion yuan, accounting for 17.47% of the global green bond issuance scale in the same period, with the issuance quantity and scale increasing by 52.34% and 52.34% respectively compared with the previous year.
However, green finance also faces some problems that can't be ignored in its development, such as the small total amount of green finance system and the lagging development of market professional service system. Wu Qi pointed out that small and medium-sized enterprises are the main targets of green finance, and these enterprises often have some disadvantages, which make commercial banks have high risks and low returns in their business. Combined with the current epidemic situation, small and medium-sized enterprises are facing difficulties in survival, and the development of green finance is also facing greater difficulties.
It seems that in order to further improve the initiative and enthusiasm of financial institutions to develop green finance, four problems should be solved in the future: First, the definition standards of green financial projects should be clarified, and the identification standards of green financial projects should be unified by the central bank, the National Development and Reform Commission and the China Banking Regulatory Commission, which will help reduce the identification costs of green financial projects for financial institutions and investment institutions and encourage and guide them to invest in green financial products. At the same time, improve the status and assessment weight of green financial indicators including green credit in MPA assessment; Second, straighten out the pricing mechanism of resources and environment, realize scientific and reasonable pricing of resources and environment, give preferential policies such as tax relief and financial discount to green enterprises, and improve the yield of green projects; The third is to promote the reform of internal assessment and service mechanism of banks and enhance the willingness and ability to develop green finance;