Green Finance News

By targeting three major areas of corporate risk and leveraging the ESG framework, PICC P&C Huzhou Branch has launched an innovative ESG insurance solution

The "Green Loan Express" fintech platform has effectively alleviated the financing difficulties and high costs faced by SMEs in the green industry by precisely matching financing needs with financial resources.

As one of the first pilot cities for green finance reform and innovation in China, a signiffcant characteristic of Huzhou's green ffnance development is its adoption of a path that combines a "top-down" approach with "bottom-up" innovation

To reduce the costs for financial institutions in identifying green and transition projects while improving efficiency and quality, and to ensure targeted financial product development, the Huzhou government has spearheaded the development of a data-integrated ESG (Environmental, Social, and Governance) evaluation system.

In the face of the urgent need for new financial instruments in Huzhou's financial system, transition finance has emerged to provide a grip for the orderly transformation of Huzhou's carbon-intensive industries.

The Green Financial Information Management System (hereinafter referred to as “GFIMS”) is an important green financial infrastructure in Huzhou. This paper introduces the main practices and effectiveness of the Green Finance System.

On November 4, 2024, Huzhou City successfully held the 2024 Green Finance Innovation Case Reporting Conference. This is not only an event to show the results of green finance innovation in Huzhou, but also a communication platform to deepen the theory and practice of green finance and promote the deep integration of green finance and sustainable development. Huzhou Green Finance Institute will seriously study the results of this conference, continue to be committed to the research and practice of green finance, promote green financial innovation, and contribute wisdom and strength to the realization of sustainable economic and social development.

By integrating green credit identification, environmental benefit measurement, ESG risk control model, green demand docking and other functional modules into the green credit management system, Bank of Huzhou has achieved online and intelligent management of the whole process of the bank's green credit business, and realized cost reduction and efficiency enhancement in green financial business.

On the afternoon of September 6, at the 2024 Conference on the Bund Insight Forum, the city, as the only invited municipal city, released the 5.0 version of the ESG evaluation system for financing entities, marking a new step in Huzhou's exploration in the field of green finance. The "unstoppable reform" of Huzhou was fully affirmed by experts such as Ma Jun, the director of the Green Finance Committee, China Society for Finance and Banking, and was also been highly recognized by the participating guests.

Huzhou's pilot project of the standardized ESG evaluation for MSEs secured its spot as the sole provincial representative in the list of pilot projects for the comprehensive standardization of social management and public services.

At the 41st executive meeting of the People’s Government of Zhejiang Province, the Huzhou Transition Finance Reform and Innovation Pilot Program was endorsed, designating Huzhou as the unique provincial and national hub for transition finance reform and innovation.

In 2023, the Financial Work Office boldly embraced reforms, bolstered the real economy, steadfastly safeguarded against financial risks, and provided a vivid demonstration in Huzhou, aiming to build a financially strong nation through high-quality development in the financial sector.

Actively answering the call of the Implementation Opinions on Finance for Biodiversity Conservation, Huaxia Bank Huzhou Branch demonstrated a strong commitment to prioritizing biodiversity finance.