Macau | Municipal market at Seac Pai Van operational by year-end - IACM head
| 08:22pm
Macau | Macau Design Centre to reach out to Chinese cities and lead this year’s Light Festival
| 07:58pm
Macau | Stronger services sector compensates receding construction
| 07:29pm
Macau | Emperor Hotel revenue down 10 per cent y-o-y impacted by Cotai competition
| 07:28pm
Macau | Rushed political reform would "impact the economy of Macau" - Secretary for Administration and Justice
| 07:21pm
Macau | Social Security Fund payments starting on Thursday
| 06:46pm
Apple says China students illegally worked overtime at supplier
| 06:41pm
Macau | Agricultural Bank of China applies for local intellectual property protection
| 06:06pm
Ex-Bosnian Serb commander Mladic faces verdict in genocide trial
| 05:56pm
Macau | Baroque music performing in four venues in the city
| 05:43pm

Pilot zone for green financing in Guangzhou

Guangzhou is building up its pilot zone for green financing to create a core financial circle led by Hong Kong and supported by Guangzhou and Macau, according to China News Guangdong. The pilot zone will be sited in Huadu District, Guangzhou City. Last month, the central bank announced that five pilot zones for green financing […]

Guangzhou is building up its pilot zone for green financing to create a core financial circle led by Hong Kong and supported by Guangzhou and Macau, according to China News Guangdong.
The pilot zone will be sited in Huadu District, Guangzhou City.
Last month, the central bank announced that five pilot zones for green financing would be established in the country in order to improve current environmental conditions as well as handle climate change and the adequate use of resources.
The five zones will be set up in the provinces of Guangdong, Guizhou, Jiangxi and Zhejiang as well as the western region of Xinjiang Province.
Green financing provides financial support in investment relating to clean energy, green transportation and related fields.
The pilot zone in Guangzhou welcomes eligible financing institutions from both SARs to set up joint ventures in the fields of securities, funding, futures and insurance in order to expand green financing channels.
Investors from Hong Kong and Macau are also welcome to partner approved overseas enterprises in the pilot zone to invest in the national Green Private Equity Fund and Green Venture Capital Fund.
Moreover, the zone supports overseas enterprises issuing Chinese Renminbi Bonds with banks in Mainland China.
According to China News Guangdong, Huadu District invests at least RMB1 billion (MOP1.19 billion/US$143.31 million) every year in supporting the development of green financing.
In addition, the Chinese city also placed no less than RMB10 billion in green financing funding to attract investors and provide support.
The pilot zone in Guangzhou, as stated by Chen Yun – a member of the Party of People’s Government of Guangdong Province – will facilitate a strong bond with Hong Kong and Macau, as well as building the Greater Bay Area into an internationally recognised city-cluster.

OPINION

551 POSTS0 COMMENTS
225 POSTS0 COMMENTS
185 POSTS0 COMMENTS
103 POSTS0 COMMENTS