27 March 2024
On 27 March 2024, the People’s Bank of China, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Ecology and Environment, National Financial Regulatory Administration and China Securities Regulatory Commission issued the “Guiding Opinions on Further Strengthening the Financial Support for Green and Low-Carbon Development” (“the Opinions”). The Opinions proposed to support the development of green finance industry in key national strategic implementation regions such as the Beijing-Tianjin-Hebei region and the Guangdong-Hong Kong-Macao Greater Bay Area and facilitate the establishment of internationally recognized certification institutions for green bonds.