CBRC pushes green finance

China's banking regulator has devoted great efforts to building a green credit policy system, leading banking institutions to support the development of an economy that is green, low carbon, and circular - meaning that it is designed to restore and regenerate resources.

Ye Yanfei, senior inspectorate adviser of the policy research bureau of the China Banking Regulatory Commission, said on Friday: "The CBRC has launched a series of guidelines on green credit since 2007, establishing a policy framework that defines clearly the boundaries of green credit policies, management approaches and performance evaluation methods."

On Wednesday, the CBRC, along with six other central government authorities, jointly issued the guideline on building China's green finance system, putting forward a series of measures to encourage investment in and financing of environmentally-friendly industries.