Green finance refers to the financial services provided for project investment and financing, project operation and risk management in the fields of environmental protection, energy saving, clean energy, green transportation and green buildings. In order to support environmental improvement, cope with climate change and save and effectively use resources. The main purpose of developing green finance is to mobilize and encourage more social capital to invest in green industries, and at the same time restrain polluting investment more effectively, which will not only help to speed up China's economic transformation to green and support the construction of ecological civilization, but also help to promote technological progress in the fields of environmental protection, new energy and energy conservation, and accelerate the cultivation of new economic growth potential.
Green credit:
Credit products and services provided to support economic activities such as improving the environment, coping with climate change, resource protection and efficient utilization. In 20 18, the People's Bank of China issued the Notice on Establishing a Special Statistical System for Green Loans, which clarified the statistical objects, statistical contents, statistical standards and implementation requirements of green loans, and formally brought the green credit situation into the Macro-Prudential Assessment Framework (MPA) to guide financial institutions to support green industries reasonably and efficiently with quantitative indicators.
Green bonds:
Securities specially used to support green industries, green projects or green economic activities that meet the prescribed conditions, which are issued in accordance with legal procedures and repay the principal and interest as agreed, including but not limited to green financial bonds, green corporate bonds and green debt financing instruments.
(1) green financial bonds are securities issued by financial institutions as legal persons according to law, which raise funds to support green industries or green projects, and repay the principal and interest as agreed.
(2) Green corporate bonds are corporate bonds issued by qualified domestic enterprises according to regulations, and the funds raised are mainly used to support green industries or green projects.
(3) Green corporate bonds are corporate bonds issued by qualified green enterprises such as energy conservation, environmental protection, sustainable development and climate change, and the raised funds must be invested in green industry projects.
(4) Green debt financing instruments are issued by non-financial enterprises in the interbank market to raise funds for green projects such as energy conservation and environmental protection, pollution prevention, resource conservation and recycling.
⑤ Green asset-backed securities are structured green financial products, and the raised funds need to be used for the construction, operation and acquisition of green industry projects, or used to repay debts such as bank loans of green industry projects, that is, the securitization of green assets derived from the charging income rights or creditor's rights owned by the original owners, or the credit assets that meet the green industry support catalogue are packaged into pools to raise funds.