China Green Bulletin: PBOC Official Points Out Climate Risks Facing Finance
PBOC deputy governor urges financial institutes to consider climate risks
In an article published on China Finance, Liu Guiping, the deputy governor of People’s Bank of China (PBOC) urged financial institutes to take climate risks into consideration as part of their risk management strategy. The article also introduced the general results of the first round of climate-related pressure testing led by PBOC in November, which covered China’s 23 most important commercial banks and two of its policy banks. Liu said the PBOC will launch more tests in the future for evaluating the financial risks of all sectors, amid the low carbon trend around the world. China will also roll out financial tools and standards to support the smooth transition of those energy-intensive industries.
Caixin Insight, the research arm of Caixin Global, is a strategic advisory helping clients assess policy risk and macroeconomics in China.
- 1Cover Story: China’s Last Big Bet on Its Energy Reform in Race to Cap Carbon Emissions
- 2Exclusive: Citic Bank’s International Department Chief Becomes Unreachable
- 3Beijing Reins In Hong Kong Crypto Rush, Tells Firms to Scale Back
- 4China Unveils Two-Year Plan to Curb Steel Overcapacity
- 5Shanghai Raises Margins on Gold, Silver Amid Fed-Driven Market Frenzy
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas
Sign in with Google
Sign in with Facebook
Sign in with 财新