Green bonds are debt-financing instruments aiming to connect private sector funding with projects that provide positive environmental benefits. This session examines how international discussions are shaping green bonds; reviews the measures and options to help scale up green bond investment in the region; and discusses the difficulties in mobilizing green bond markets.

The Industrial Bank in the People’s Republic of China adopted the Equator Principles In October 2008, the first financial institution in the country to do so, to promote the country’s green credit program. The Equator Principles is a risk management framework that guides financial institutions in determining, assessing, and managing environmental and social risk in projects.

While rapid economic development in the People’s Republic of China (PRC) in recent decades has come at significant cost to the environment, attention is increasingly turning to green finance, which also has developed rapidly over the last few years. Experts who are directly involved in the development of green finance initiatives in the PRC are featured in this session.

The path that the People's Republic of China has taken to design its green financial system is covered in this presentation. It also examines closely the concept of green finance by understanding its meaning and importance.

While governments around the world including that of the People’s Republic of China (PRC) has committed to greening the economy, meeting the huge financing needs of non-public sources remains a challenge. This presentation discusses how green finance is channeled in the PRC, the challenges encountered, and ADB’s approach to support the greening of the country’s financial system.