A major problem in the development of green finance and inclusive finance is that green finance is not inclusive enough and inclusive finance is not green enough. For example, green loans are mainly used to support large-scale projects like infrastructure, energy, environment protection while provides less support to vulnerable groups such as farmers, self-employed individuals, and small and micro enterprises. For small and medium-size banks that focus on inclusive finance, the proportion of green credit is still relatively low. What should be done to promote the integration of green finance and inclusive finance? In this session, the panelists will focus on this question and discuss about the green taxonomies, the establishment of the disclosure system, and the design of financial products.
Moderator:
Yolanda Yun Zhu,Operational Lead - Climate Finance Advisory,Financial Institution Group Asia Pacific,International Finance Corporation (IFC), the World Bank Group
Panelist:
Zhengjiang GUO, Vice President, Huzhou Center Branch, PBOC
Yao WANG, Director General of International Institute of Green Finance, CUFE
Andy CHEN, Founder and CEO of Beijing Uni Inclusive Technology Limited Company
Anqian HUANG, Senior Financial Sector Specialist of the Asian Development Bank (ADB) East Asia Department
Paul ZHU, Research Fellow, Chinese Academy of Financial Inclusion (CAFI)
Zhiqian LIN, Head of Blue Finance Department, Bank of Qingdao
The 19th NCCPC proposed a rural revitalization strategy, insisting on giving priority to the development of agriculture and rural areas. The strategy encourages rural people to return to their hometowns to start businesses and industrial and commercial capital to go to the rural areas. Does this contradict the promotion of urbanization? At present, China's urbanization rate is 64%, which is still far behind the developed countries. Does the proposal of the rural revitalization strategy mean that the urbanization process will slow down? This will be the focus of this session.
Moderator:
Qiang QU, Professor, School of Finance, RUC, Director, China Financial Policy Research Center
Panelist:
Lin XU, Chairman, Board of Directors, Managing Partner, U.S-China Green Fund
Bingdi LI, Former Director General of the Village Building Office, the Ministry of Housing and Urban-Rural Development (MoHURD)
Hongyu ZHANG, Deputy President, China Institute for Rural Studies, Tsinghua University
Ming LU, Professor of Antai School of Economics and Management, Shanghai Jiaotong University, Director of Shanghai Institute for National Economy (SHINE)
Jun SUN, Deputy Director of Professional Committee on Coordinated Development of Cities and Rural Areas, China Urban-townization Promotion Council (CUPC), Founder and Advisor of Beijing Green Cross