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Zhejiang Plans to Use Green Finance to Leverage Green Development
2017-06-19 09:58:48

On June 14, the State Council’s Executive Meeting decided that green financial reform and innovative pilot zones with distinctive focuses and special features would be set up in part of 5 provincial and district-level places including Zhejiang Province, the experience with reproducibility and generalizability would be explored from the system so as to promote the economic transforming and upgrading.
Financial professionals in Zhejiang believe that “lucid waters and lush mountains are invaluable assets”, the development of green finance should be supported by green finance. Finance is the core and lifeblood of modern economy, the green development demands us to choose the right direction and make a good choice in a bid to constantly foster new competitive strengths, and strive to raise the quality and efficiency of economic development.
As a province with an earlier start in market economy practice, Zhejiang takes lead in readjusting the economic structure and transforming the development pattern, which objectively provides powerful endogenous driving force to the development of green economy and green finance. For years the provincial Party committee, provincial government, supervision departments and banking institutions have reached a high degree of consensus and made much beneficial exploration in green financial development.

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