On May 17, 2024, the Climate Bonds Initiative (CBI) held the Asia-Pacific Regional Seminar of the Climate Bonds Global Annual Conference at Lujiazui Financial Plaza in Shanghai, China. The event was strongly supported by Lujiazui Financial City Global Asset Management Association, Shanghai Financial Industry Association, China Central Depository and Clearing Co., Ltd., Asian Infrastructure Investment Bank, China Chengxin Green Finance and other institutions. Zhang Yingjie, Vice President of China Chengxin Green Finance, was invited to attend and participate in the roundtable discussion on the theme of "The Role of Transition Finance and Transformation Plans".
In the theme sharing session, Zhang Yingjie introduced that the transformation of finance is achieved through capital markets and financial instruments, and this process requires social consensus and resource mobilization. In recent years, the innovation of financial instruments and the introduction of supporting policies have experienced a stage of rapid development. As a service agency for credit rating and green finance, China Chengxin currently maintains a leading market position in the domestic market. It has basically participated in the pilot evaluation and certification of all innovative ESG bond varieties, and has witnessed the development of China's green finance and ESG markets all the way. On the other hand, China Chengxin Green Finance has currently independently developed an ESG service platform, which can reveal the ESG disclosure performance and related data analysis of listed companies and bond issuers to investors and related parties, and improve the domestic ESG ecosystem from a third-party perspective. Combined with the 2023 China Sustainable Debt Market Development Report released by CBI on the same day, the long-term development of the market is still stable, optimistic and promising from the perspective of infrastructure, incentive mechanisms and international exchanges.
In recent years, global green and sustainable finance has become increasingly mainstream , and financial regulation and market development in the Asia-Pacific region are at the forefront of the world. China's green finance has achieved remarkable growth in the past few years ; clean energy, low-carbon transportation and other related fields are leading the global low-carbon transformation process . The continuous improvement of China's green finance policies and tools has promoted investment in various assets and helped China become the world's largest green bond market. The rapidly developing transition finance market will hopefully guide a large amount of additional climate funds to promote the low-carbon transformation of the global economy.
This seminar is the first time that the Climate Bonds Initiative has held the Climate Bonds Annual Conference in mainland China. It is open only to offline invited institutions and individuals, and brings together industry leaders from government departments, regulators, investors, enterprises, industry associations, think tanks and other fields to discuss the challenges and opportunities related to climate investment and transition finance faced by the public and private sectors in China and Asia under the background of climate change. This event has been one of the most important events in the field of international climate finance for many years.
