The 2018 Green Development Innovation Conference held in Suining, China has come to an end on 27 September. With the themes of green and technology, various organisations and departments such as the China Association for Science and Technology, Ministry of Ecology and Environment and Sichuan Provincial People’s Government, collaborated to host a series of activities including forums, summit and competition in order to showcase and accelerate the green development of China.
One of the key events of the conference is the ‘Green Finance Forum’ in which the main theme is to discuss the development of green finance in the western regions in China, while other discussion topics include low-carbon economy, green credit, green capital flows, green securitisation, establishment of green inclusive financial system and green financial product innovation. In the forum, many experts and government officials have shared their views on the topics, and critically analysed the opportunities and challenges which might be faced by the western regions when developing green finance.
Mr. Cao Ming-di, Deputy Director of the Department of Green Finance at the Chongyang Institute for Financial Studies, Renmin University of China, mentioned about the advantages of Suining city in developing green finance in the forum. It is believed that due to its proximity to the two major cities Chengdu and Chongqing in Sichuan, it would be easier for Suining to develop a prosperous green finance market and attract investors. Moreover, Suining is rich in agricultural resources which can also serve as an advantage for developing green finance. For example, there have been high demand in agricultural products with organic certification in big cities, and if Suining can grasp this opportunity by demonstrating the possible ecological benefits of its agricultural development, it may be able to help accelerate both the development of green finance and agriculture at the same time.
All in all, it is crucial for cities which try to develop green finance to identify their strength and weakness so as to create a unique selling point and to ensure the environmental and ecological benefits they can bring, thus convincing stakeholders and investors to have faith in them.
Source: http://www.snlkh.com
