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What financial products does the state encourage financial institutions to develop to provide funds for ecological environment protection and green development in the Yangtze River Basin?

The state encourages financial institutions to develop green credit, green bonds, green insurance and other financial products to provide financial support for ecological environment protection and green development in the Yangtze River Basin.

Article 75 of the "Yangtze River Protection Law of the People's Republic of China" The State Council and the local people's governments at or above the county level in the Yangtze River Basin shall increase financial investment in the ecological environment protection and restoration of the Yangtze River Basin.

The State Council and the provincial people's governments of the Yangtze River Basin, in accordance with the principle of division of financial powers and expenditure responsibilities between the central and local governments, have specially allocated funds for ecological environment protection in the Yangtze River Basin to protect and restore the ecological environment of the Yangtze River Basin. The natural resources department of the State Council, together with the finance, ecological environment and other relevant departments of the State Council, will formulate policies and measures for the rational use of social funds to promote ecological environment restoration in the Yangtze River Basin.

The state encourages and supports scientific and technological research, development, promotion and application in ecological environment protection and restoration in the Yangtze River Basin.

The state encourages financial institutions to develop green credit, green bonds, green insurance and other financial products to provide financial support for ecological environment protection and green development in the Yangtze River Basin.

Article 76: The state establishes a compensation system for ecological protection in the Yangtze River Basin.

The state has increased fiscal transfer payments and compensated areas with important ecological functions such as the source of the main stream of the Yangtze River and important tributaries, and water source conservation areas in the upper reaches. Specific measures shall be formulated by the financial department of the State Council in conjunction with relevant departments of the State Council.

The state encourages local people's governments in the upper and lower reaches of the Yangtze River Basin, on the left and right banks, and on the trunk and tributaries to carry out horizontal ecological protection compensation.

The state encourages social funds to establish a market-oriented ecological protection compensation fund in the Yangtze River Basin; encourages relevant entities to use voluntary consultation and other methods to carry out ecological protection compensation.