The term "green finance" as mentioned in these Regulations refers to financial services provided to support activities such as coping with climate change, improving the environment, saving and efficiently utilizing resources, and protecting ecosystems. Article 3 The reform and innovation of green finance should serve the national strategy, support the real economy, and adhere to the principles of green orientation, standard guidance, digital empowerment, market dominance, policy incentives and regulatory constraints. Article 4 The municipal, district and county people's governments shall strengthen their leadership on the reform and innovation of green finance, incorporate it into the national economic and social development plan, establish a leadership coordination mechanism, promote the construction of a green financial system, and solve major problems in the reform and innovation.
According to the authorization and entrustment, the Management Committee of Nantaihu New District performs the duties of the district and county people's governments within its jurisdiction.
The municipal finance department shall, jointly with the central financial management department in Shanghai, be responsible for planning, coordinating and guiding the reform and innovation of green finance, and undertake the relevant work of supervision and management of green financial activities according to law.
Development and reform, economy and informatization, science and technology, public security, finance, human resources and social security, natural resources and planning, ecological environment, housing and urban and rural construction, transportation, water conservancy, agriculture and rural areas, commerce, culture, radio and television tourism, state-owned assets supervision and management, market supervision and management, big data development, taxation and other relevant departments shall, in accordance with their respective responsibilities, do a good job in the reform and innovation of green finance. Article 5 The provision of financial products and services by financial institutions and local financial organizations shall be conducive to saving resources, protecting the ecological environment, coping with climate change, and promoting the efficient integration and utilization of ecological resources, assets and capital. Article 6 Research institutions, trade associations and other relevant social organizations shall play a role in green financial innovation research, policy suggestions, standard setting, exchanges and cooperation, self-discipline management, and provide support to people's governments at all levels and financial institutions. Article 7 Relevant departments, financial institutions and social organizations of the municipal, district and county people's governments shall continue to carry out publicity and education on green finance, and guide market players and the public to participate in green financial activities in an orderly manner. Chapter II Products and Services Article 8 Encourage financial institutions and local financial organizations to innovate and promote green financial products and services, increase support for green agriculture, green industry, green service industry and scientific and technological innovation, promote the integrated development of green industrial chain, innovation chain and supply chain, and promote the upgrading of industrial base and the modernization of industrial chain. Article 9 Banking financial institutions can innovate and develop green credit products around green production, consumption and circulation, reduce the financing cost of green credit, expand the scale of green credit and provide green credit convenience. Tenth support enterprises and financial institutions to issue green bonds according to law, and promote medium and long-term green investment.
The state-owned assets supervision and administration department shall guide state-owned enterprises to issue green bonds and promote the construction of green projects. Article 11 The municipal, district and county people's governments shall support green enterprises to go public in the capital market for financing, and give key support to the green projects invested and built by enterprises to raise funds in the capital market in terms of the supply of land, energy and other factors. Article 12 Insurance financial institutions can innovate green insurance products around environmental protection, safe production, disaster prevention and reduction, agricultural production and other aspects, standardize and optimize insurance services, and promote the insured to strengthen risk management.
Units that collect, store, transport, utilize and dispose of hazardous wastes shall participate in environmental pollution liability insurance in accordance with relevant state regulations. Support enterprises in lead-acid batteries, electroplating, chemical industry, textile dyeing and finishing, leather making, paper making and other industries to take out environmental pollution liability insurance. The municipal, district and county people's governments may give premium subsidies to the insured enterprises.
Banking financial institutions can take environmental pollution liability insurance as an important reference for green credit management. Thirteenth government financing guarantee institutions should establish a green financing guarantee system, improve the proportion of green financing guarantee business and guarantee amount, and give preferential rates.
The municipal, district and county people's governments shall establish mechanisms such as capital replenishment, risk compensation and performance evaluation of government financing guarantee institutions, enhance guarantee capacity and promote sustainable development. Fourteenth support financial institutions to provide financial services for green enterprises and green projects through asset securitization, industrial investment funds, convertible bond investment, trust and other forms. Article 15 A banking financial institution may set up a green franchise institution to implement special management in terms of financing amount, interest rate pricing, examination and approval channels, performance appraisal, product research and development, etc. Sixteenth local financial organizations such as microfinance companies, financing guarantee companies and financial leasing companies are encouraged to develop green financial products and provide green financial services according to law. Chapter III Carbon Emission Reduction and Carbon Finance Article 17 The municipal, district and county people's governments shall use carbon financial tools to promote carbon emission reduction in the fields of energy, industry, construction, transportation, agriculture and residents' life, and achieve the goal of carbon neutrality at the peak of carbon dioxide emission.