On September 24th, the 2023 Annual Meeting of the International Institute of Green Finance was successfully held at the Academic Hall of Central University of Finance and Economics. The event witnessed the participation of experts from diverse ministries, domestic and international academic institutions, financial entities, international organizations, major central and state-owned enterprises, as well as prominent corporations spanning various industries. Collectively, these participants engaged in extensive deliberations concerning the current state and future prospects of green finance development, both within China and on a global scale. These discussions were marked by a profound commitment to advancing the realization of ‘dual carbon’ objectives, propelling China’s green transformation across its economic and social domains, and making substantive contributions to sustainable global development.
At the event, the International Institute of Green Finance showcased numerous research accomplishments and cutting-edge platforms. These encompassed researches in green trade financing, high-quality fulfillment of social responsibilities by central state-owned enterprises from a disclosure perspective, and studies within the domain of green financial technology. Furthermore, annual reports covering Chinese green finance, regional green finance, and global green finance trends were presented. The Institute presented research outcomes across diverse domains, including renewable energy in Sino-African cooperation, charity finance, healthcare finance, pension finance, and more. They also unveiled innovative platforms, such as the ESG data application innovation platform, a blockchain-based comprehensive green financial open platform, analyzer of impact investing in public equities, ESG database 3.0, and the international ESG certification – the UK’s CISI Sustainable and Responsible Investment Professional Assessment Program. The event showcased collaborative achievements, including research on the prospects of China’s green budget development, a white paper on the ESG development of China’s concept stocks, ESG standards for the traditional Chinese medicine industry, and research on transition finance in the iron and steel industry. These forward-looking and innovative research initiatives aim to drive multi-domain development in the future of green finance.
SHI Jianping, Professor, Chairman of IIGF
The Principal of the Central University of Finance and Economics, Ma Haitao, and the President of the Bank of Beijing, Yang Shujian delivered opening speeches. Sun Zhen, First Inspector of the Climate Change Department of the Ministry of Ecology and Environment; Ye Yanfei, Senior Inspector of the Department of Climate Change of the Ministry of Ecology and Environment; Zhang Minwen, Deputy Director General of the International Economics and Finance Center of the Ministry of Finance; Zhang Bei, Deputy Director of the Research Bureau of the People’s Bank of China; Du Guogong, Deputy Secretary of the Party Committee and Secretary of the Commission for Discipline Inspection of the Research Center of the State-owned Assets Supervision and Administration Commission of the State Council, delivered keynote speeches at the event.
Beate Trankmann, Resident Representative of the United Nations Development Programme (UNDP) in China, delivered a video speech at the annual meeting, and Wang Linjing, President of Tianfeng Securities Co., Ltd., delivered a closing speech. Shi Jianping, Chairman of the International Institute of Green Finance, presided over the opening ceremony.
Ma Haitao: Promoting Ecological Civilization Construction through Green Finance
Ma Haitao emphasized that China’s ecological civilization construction has entered a crucial phase, with a strategic focus on carbon reduction, promoting comprehensive green transformation in economic and social development, and shifting from quantitative to qualitative improvements in ecological environmental quality. The construction of ecological civilization relies on the support and participation of finance. Therefore, using green finance as a key lever to facilitate China’s comprehensive green transformation in economic and social development is imperative and of great significance. Firstly, in the context of achieving the “dual carbon” goals, it is necessary to promote effective alignment between green finance and transition finance to drive comprehensive green and low-carbon transformation in economic and social development. Secondly, it is essential to strengthen the capacity building of green finance to provide robust talent support for achieving the “dual carbon” goals and sustainable development. Thirdly, actively leveraging the pivotal role of green finance in facilitating international cooperation serves to build a global community of shared future for humanity by rallying collective efforts.
Yang Shujian: Unleashing Financial Institutions’ Comprehensive Deployment of Green and Low-Carbon Strategies for Efficiency
Yang Shujian stated that the green and low-carbon transformation is a profound change, and Beijing Bank actively practices the concept of green development, continuously improving its level of green financial services. Looking to the future, as a responsible financial institution, it should adhere to deepening cooperation with various parties and comprehensively upgrade its strategic layout for green finance. Firstly, it should strengthen cooperation with the International Institute of Green Finance, effectively harnessing the efficiency of the Central University of Finance and Economics-Beijing Bank Dual Carbon and Financial Research Center, enhancing cooperation in the development of green financial businesses, results transformation, talent cultivation, environmental information disclosure, and other areas. Secondly, it should continuously improve the green financial management system, building a comprehensive service management system for green finance in terms of product services, system construction, innovation system, risk management, and evaluation mechanisms, to better meet customers’ green financing needs throughout their lifecycle. Thirdly, it should construct an ecosystem for the development of green finance, strengthening cooperation with local governments, green exchanges, corporate clients, research institutions, and others to jointly promote green development.
Sun Zhen: Based on China’s Development Reality, Contribute to Global Climate Governance
Sun Zhen pointed out that the current climate investment and financing work is being comprehensively promoted at various levels, including policies, pilot projects, and specific initiatives. The development prospects are promising, thanks to the national strategy for addressing climate change and the backdrop of green financial policies, as well as the cooperation between departments and industries. The next steps include strengthening project development and coordination, giving equal attention to mitigation and adaptation in projects, and enhancing analysis, policy recommendations, and communication efforts. A comprehensive approach to global climate governance should encompass three key dimensions: addressing the climate crisis, driving transformative development, and fostering international cooperation. While the climate crisis is an undeniable reality, there remain challenges stemming from insufficient awareness and action. The transitions in energy and digital technologies have indeed made climate action more cost-effective, but they also encounter obstacles related to global collaboration. Following the establishment of international climate legislation through conventions, the Kyoto Protocol, and the Paris Agreement, there is an ongoing process of refining the specifics, with a five-year implementation cycle. Furthermore, climate-related concerns are increasingly involving industry associations, national entities, and regional organizations. In COP28’s global review, it is crucial to give attention to both disparities and paths forward, with a strong emphasis on sustainable development, unity, and adhering to the principle of common but differentiated responsibilities. When navigating between ambitious goals and practical actions, it is imperative to prioritize and build upon concrete actions. The commitments made by developed countries to financially support developing nations must be honored, and it’s crucial to differentiate between this commitment and the mobilization of domestic funds within developing countries. The establishment of a loss and damage mechanism in COP27 is a noteworthy achievement, and developed nations, as contributors, should acknowledge that all developing countries are eligible for support. China’s greenhouse gas emissions are influenced by its unique national circumstances and developmental stage. However, China’s proactive measures make a substantial contribution to global emissions reduction and will continue to do so. The challenge lies in ensuring that these efforts are not impeded. Regarding global climate governance and communication, China is receptive to international expectations. Nevertheless, recent trends of politicizing and weaponizing climate issues by certain entities are concerning and should not be tolerated by the international community. Each country must strike a delicate balance between participating in international cooperation and safeguarding its sovereignty. For China, addressing international pressure primarily involves enhancing domestic efforts, which constitute the most significant contribution to the world’s climate goals. Finance is a crucial element, and efforts to promote green finance and climate finance should continue.
Ye Yanfei: Emphasizing Multifaceted Academic Research to Support Green and Low-Carbon Development
Ye Yanfei highlighted three key areas regarding the promotion of green finance development from an academic perspective. First, supporting small and medium-sized enterprises (SMEs) in green finance. It is essential to focus on research that facilitates the development of green finance for small and micro-enterprises and SMEs, increasing their accessibility to green credit and green finance. This can be achieved by categorizing micro, small, and medium-sized enterprises in the classification of green industries and green finance. Furthermore, there should be a strong emphasis on developing inclusive finance to lower the green certification costs for these enterprises through financial policies and tools. Second, biodiversity finance development. COP15 has approved the “Kunming-Montreal Global Biodiversity Framework,” which provides a landmark framework for biodiversity finance development. It is crucial to use this framework as a significant guide and actively explore more precise categorization of biodiversity finance under the green finance directory. Additionally, policies should be designed to channel more social funds into the field of biodiversity finance. Finally, continuous research on green and low-carbon technologies. Sustained research efforts should be dedicated to green and low-carbon technologies. This requires collaboration across various sectors, including finance, taxation, and government finances, to drive innovation breakthroughs in green and low-carbon technologies.
Zhang Minwen: The international community should collaborate collectively to promote the global green and low-carbon transformation process
Zhang Minwen emphasized that the global green and low-carbon transformation is accelerating, particularly in the field of renewable energy, where remarkable progress has been made. With the continuous emergence of green technologies and new formats, green trade and green investment are becoming new drivers of economic growth, offering significant development opportunities for green finance. However, there are challenges facing the global community, especially developing countries, in advancing green and low-carbon transformation. First, the slowdown in global economic growth will affect the green transformation process in developing countries. Second, there is still a significant funding gap for green investment in these countries. Third, there is ample room for the development of green and low-carbon technologies and capacity in developing countries. Zhang Minwen proposed that the international community should support the global green and low-carbon transformation process in three ways:
- Practice genuine multilateralism to safeguard the security and stability of the global green industry supply chains and value chains, creating an international environment conducive to green development.
- Increase support for the green transformation of developing countries, helping them participate deeply in the division of labor and cooperation in the green industry, and achieve higher levels of sustainable economic development during the green transformation.
- Actively establish partnerships for green development. Developed countries should fulfill their commitments to provide climate finance to developing countries, while multilateral development banks, businesses, financial institutions, think tanks, and others should play their respective roles.
Zhang Bei: Leveraging the Role of Finance to Promote the Transformation of Residents’ Green and Environmental-Friendly Lifestyles
Zhang Bei stated that support for the transformation of residents’ green and low-carbon lifestyles through finance can be approached from both demand and supply perspectives. Currently, there is a strong push for green and low-carbon transformations in the production sector, but the transformation in consumption patterns is equally crucial. This is important for several reasons:
- It can promote a virtuous cycle of green and low-carbon transformation, which is a key element in achieving “dual carbon” goals.
- It helps unleash potential consumer demand, promoting sustainable economic development.
- It can generate various synergistic benefits, contributing to the achievement of more sustainable development goals.
In recent years, there have been numerous measures to support the transformation of residents’ green lifestyles through finance, and these efforts have yielded positive results:
- The establishment of a comprehensive policy framework to guide financial institutions in actively supporting the transformation of green lifestyles.
- Exploration of personal carbon accounts and their application scenarios to encourage and guide green and low-carbon living.
- The diversification of green consumer financial products and services to support green consumption.
Looking ahead, it is expected that financial institutions will leverage technologies like big data to provide financial support for green consumption in more areas. Additionally, experts and scholars are encouraged to actively research topics such as the mechanisms behind green consumption behavior and the design of incentive and constraint mechanisms. Their academic achievements can serve as guidance and references for practical applications.
Du Guogong: Harnessing the Wisdom and Strength of State-Owned Enterprises to Support Green and Low-Carbon Development Practices
Du Guogong mentioned that the Research Center of the State-owned Assets Supervision and Administration Commission (SASAC) is actively engaging in theoretical research and practical applications related to green and low-carbon development. There are several collaborations with intellectual units within state-owned assets and enterprises to provide recommendations for green and low-carbon development. They have also released a special report titled “Study on ESG Special Report Compilation for Listed Companies Controlled by Central Enterprises” and initiated a research project on the overseas development of central enterprises. To continue promoting green, low-carbon, and ESG practices in the future, they will:
- Conduct in-depth ESG evaluation research to enhance the comparability and usability of ESG information.
- Focus on calculating corporate social value within the ESG framework, aiding central enterprises holding listed companies in better demonstrating their social responsibility achievements.
- Collaborate with the Ministry of Education’s Higher Education Department, relevant universities, and central enterprises to integrate reform practices and experiences in state-owned assets and enterprises into cases, educational materials, and classrooms.
Beate Trankmann: Uniting Global Efforts to Achieve Sustainable Development Goals
Beate Trankmann emphasized that the world is facing urgent climate and environmental crises, necessitating the collective efforts of government agencies, regulatory bodies, industry leaders, and academic institutions. These stakeholders must critically assess the fundamental functioning of the global economy and restructure the global financial system to align with the goals of addressing climate change and realizing the United Nations Sustainable Development Goals. The International Institute of Green Finance, in its longstanding partnership with the United Nations Development Programme, has been actively engaged in advancing research within the realm of green and sustainable finance. Their collaborative initiatives encompass the co-creation of the “Directory of Sustainable Development Investment and Financing Support Projects (China) (2020 Edition),” designed to facilitate increased social capital investment in sustainable development through clear project categorization. Additionally, they have enhanced professional exchanges via the Biodiversity Finance Initiative (BIOFIN) project and conducted research on the prospects of China’s green budget development, thereby aiding public finance in achieving environmental objectives. Looking ahead, they aspire to further extend their collaborative efforts and harness global cooperation to realign with the pursuit of sustainable development goals.
Cao Mingxing presiding over the cooperation ceremony
At the event, the International Institute of Green Finance also forged a collaboration agreement with China Fortune Media Group concerning ESG research, concept propagation, and talent nurturing. Their shared objective is to collectively advance the dissemination and implementation of green principles and play a role in fostering overall societal sustainable development. A cooperation ceremony was conducted during the event, with Cao Mingxing, the Director of the Institute of Finance and Economics, presiding over the ceremony.
During the ceremony, Zhang Chunyan, Vice President of China Fortune Media Group, and Lu Ji, Vice Chairman of the International Institute of Green Finance , exchanged letters of intent for cooperation on-site. Wu Xiaojun, Vice President of China Fortune Media Group and Chairman of China Fortune Network, attended the annual meeting and witnessed the cooperation ceremony.
Director General Wang Yao delivered a summary of the work
The International Institute of Green Finance at the Central University of Finance and Economics has been established for seven years. Professor Wang Yao, the Dean of the Institute, stated in the work summary and planning that the institute, as the first open and international research institution in China dedicated to promoting green finance development, has consistently exerted its academic influence, policy influence, social influence, and international influence since its establishment. It has continuously improved its organizational structure, conducted independent forward-looking research, actively provided policy recommendations, utilized research outcomes to support the transition, promoted capacity building and talent development in green finance, actively disseminated green development concepts, and facilitated international cooperation to share the “Chinese experience” in green finance.
Regarding the future outlook for the International Institute of Green Finance, Prof. Wang Yao mentioned that the institute will continue to serve as a think tank, gather green finance professionals, expand its advantages in forward-looking green finance research, contribute to the improvement of green finance policies and standards, implement the transformation of green finance achievements, promote green finance capacity building, deepen international cooperation in green finance, and disseminate green finance concepts. The institute will strive to become a top-tier domestic and world-leading financial think tank with Chinese characteristics.
After the cooperation ceremony and work summary, Wang Linjing, President of Tianfeng Securities Co., Ltd., delivered a closing speech at the annual meeting.
Wang Linjing: Financial Institutions Need to Proactively Fulfill Social Responsibilities to Promote Green Development
Wang Linjing emphasized that green development has become a crucial guiding principle for both China and the global community. China’s efforts in green finance have yielded significant results from various angles and in diverse sectors. Looking ahead, green finance will continue to present new opportunities and growth prospects for financial institutions, including securities firms. It will encourage higher valuations for long-term, low-return green investments, facilitate fair pricing for green and low-carbon industries, and provide financial solutions to support the orderly phasing out of high-carbon and outdated production capacity. Wang also highlighted the importance of green finance as a means for financial institutions to fulfill their social responsibilities. As entities responsible for allocating social resources, financial institutions can integrate ESG principles into their corporate operations and management. Establishing ESG management processes will enable them to assist companies in translating their commitment to social responsibility and stakeholders into tangible actions, thereby promoting mutual sustainable development.
During the results presentation session at the event, the International Institute of Green Finance, along with its affiliated research centers, unveiled a range of reports and research findings, including the following publications and collaborations:
- The Practices of Green Trade Development presented by Sun Jin, Deputy Director and Head of the Green Trade Investment Lab, IIGF;
- Research on Performance of Social Responsibility of State-owned Enterprises in Perspective of Disclosure presented by Shi Yichen, Senior Academic Advisor at IIGF;
- The White Book of ESG development of China Concept Stocks (in Cooperation with Waterdrop Insurance Marketplace) and ESG Standards for the Traditional Chinese Medicine Industry (in Cooperation with China Resources Jiangzhong) presented by Boa Jie, Co-director of ESG Research Center of IIGF, Executive Deputy Director of CUFE-Tianfeng Green Securities Research Center, Director Assistant of RCCF;
- ESG Data Innovation Platform and One-stop Green Financial Services Platform Based on Blockchain Technology introduced by Yan Zhan, Assistant Director and Head of R&D center of IIGF, Executive Director of Research Center for Carbon Neutrality and Finance (RCCF);
- Analyzer of Impact Investing in Public Equities and ESG Database 3.0 were unveiled by Yang Chenhui, Co-director of ESG Research Center, IIGF;
- Annual Report On The Development Of Green Finance In China & Localities and Research On Green Finance Technology Innovation were presented by Ren Yujie, Director of Green Finance Research Center of IIGF, Director Assistant of the Institute of Green Investment of the Yangtze River Delta Region (IGI);
- Annual Report on the Development of Global Green Finance (2022) and China and Africa’s Renewable Energy Cooperation: The Cases of Zimbabwe and Egypt research were introduced by MAO Qian, Director of International Cooperation Center, IIGF;
- Research on the Development Prospects of Green Budgeting in China (in Cooperation with UNDP) were presented by Liu Huixin, Executive Director of Climate Finance Center of IIGF, Co-director of Carbon Finance Lab;
- Research on Transition Finance in Iron and Steel Industry in Collaboration with the Climate Bonds Initiative (CBI) was presented by Jin Zixi, Deputy Director of Energy Finance Research Center, IIGF;
- Prospects for the Development of Charity Finance in China Under the Context of Common Prosperity (Abstract) were introduced by Tian Jing, Director of Research Center for Art Finance and Charity Finance, IIGF;
- 2023 Health Finance Report (the Topic of Traditional Chinese Medicine) and 2023 Pension Finance Report (the Topic of Social Security) were presented by Ren Guozheng, Director of Health Finance Lab, IIGF;
- International ESG Certification – UK CISI Sustainable and Responsible Investment Professional Assessment Program was introduced by Han Jianing, Director of Education Center, IIGF.
This session was moderated by Lu Ji, Vice Chairman of the International Institute of Green Finance.
Vice Chairman Lu Ji presided over the results presentation
During the conference, four themed parallel panels were held. The first panel focused on the topic of “Carbon Market Expansion and the Relaunch of the China Certified Emission Reduction (CCER) Program.” It involved in-depth discussions and exchanges on key issues such as the restart of the national voluntary emissions reduction (CCER) certification and the improvement of the carbon emissions market trading system.
Director Ma Aimin delivers the keynote speech
Ma Aimin, Deputy Director of National Center for Climate Change Strategy and International Cooperation (NCSC), attended the forum and delivered a keynote speech. He stated that the carbon market is a crucial policy tool for controlling greenhouse gas emissions. To establish a more effective, dynamic, and internationally influential national carbon market, it is necessary to develop a diversified national carbon market system, expand the national carbon emissions trading market in an orderly manner, promptly restart the voluntary emissions reduction trading market, continue to leverage local carbon markets, and encourage the exploration of carbon-inclusive mechanisms. This can be achieved through various means, including enhancing the legal system, formulating long-term plans, expanding coverage, increasing trading entities, implementing paid distribution, attempting total quantity control, diversifying trading products, improving offset mechanisms, strengthening capacity building, enhancing data quality, exploring international cooperation, and strengthening supervision and management. These efforts will contribute to the realization of the “dual carbon” goals.
Yu Jie, Director of the Dual Carbon Institute, China Quality Certification Centre (CQC), Yang Rong, General Manager of Strategic Planning Department, China Life Property Insurance Co., Ltd.; Liu Xiao, Head of Carbon Asset Management Ltd., State Power Investment Corporation Limited (SPIC), Dong Shanning, Vice-General Manager of Green Finance Department, Bank of Jiangsu; and Tong Yan, Head of Carbon Finance Services, Guotai Junan Securities (GTJA) participated in the discussion. The panel was moderated by Cui Ying, Deputy Director of the International Institute of Green Finance.
The second panel, titled “ESG Integration in the Context of Sustainable Development Goals (SDGs),” engaged in thorough discussions regarding the implementation of ESG principles to establish a sustainable development ecosystem in China and enhance global efforts towards achieving sustainable development goals.
Secretary-General Cao Deyun delivers a keynote speech
Cao Deyun, Executive Vice President & Secretary General of the Insurance Asset Management Association of China , attended the forum and delivered a keynote speech. He pointed out that the insurance industry, as an integral part of the financial system and a significant provider of long-term capital in financial markets, has always been committed to actively exploring sustainable investment practices for insurance funds. International practices have demonstrated that effective responsible management can proactively address ESG risks in invested companies, enhance transparency in the disclosure of information by invested companies, promote the enhancement of sustainable development value for invested companies, thereby improving the long-term financial performance of invested companies, increasing risk-adjusted investment returns, and enhancing the international competitiveness of asset management institutions. The Insurance Asset Management Association of China attaches great importance to the research, application, and promotion of responsible management principles. In the future, it will continue to play its role, maintain close communication with regulatory authorities and industry organizations, adhere to the principle of “seeking progress while maintaining stability,” and systematically promote the implementation of responsible management requirements in the insurance asset management industry.
Liu Honghai, Chairman of the Wanjia Bank, Postal Savings Bank of China (PSBC); Li Xuebing, Deputy General Manager of Bestpay Co. Ltd, China Telecom; Wang Zhifeng, Executive Director of Tencent Financial Research Institute; Feng Wen, General Manager of Morningstar, Inc., and Liu Wei, Head of Sustainable Supply Chain Department, Lenovo Group Ltd., took part in the panel discussion. Shi Yichen, Senior Academic Advisor at the International Institute of Green Finance chaired the panel.
The third panel, themed “Female Leadership in Sustainable Finance,” invited female experts, scholars, and representatives from financial institutions in the field of green finance and sustainable development. They discussed topics related to harnessing the leadership and influence of women to promote a more inclusive financial industry that supports major strategic initiatives such as “peak carbon emissions,” achieving carbon neutrality, and ecological civilization construction.
Smriti Aryal Delivers the Keynote Speech
Smriti Aryal, Representative of the UN Women China Office, delivered a video speech. She mentioned that with over 70 countries and regions committing to achieving net-zero emissions by 2060, there are unprecedented opportunities for the development of green finance and increased investment in the rights of women and children. Gender equality is closely related to climate change governance and financial activities in two significant ways: first, climate change will exacerbate global gender inequality issues, and second, sufficient sustainable funding is a crucial requirement for climate change governance, yet most sustainable investment and financing activities do not currently focus on women’s rights issues. To promote gender equality in future climate adaptation and mitigation efforts, she offered four suggestions: 1) Enhance the capacity to collect and analyze climate and environmental risk-related data by gender, providing valuable information for policy-making; 2) Continue to increase women’s participation and leadership in areas such as climate change governance, environmental protection, and sustainable development; 3) Strengthen coordination between government levels and departments to formulate gender-responsive policies for climate change and environmental disaster governance, promoting the mainstreaming of gender equality; and 4) Emphasize the integration of gender equality factors into the public fiscal support framework to guide more public funds into sustainable development areas related to gender equality and women’s rights protection.
Zhu Jingyu, Head of China Market Development, Chief Representative Officer of Beijing Representative Office Deutsche Boerse AG; Zhu Yun, Head of Working Group on Asia-Pacific Green Finance Innovation, Bureau of Financial Institutions, International Finance Corporation (IFC); Leng Fei, National Coordinator for Biodiversity Finance, UNDP; Du Hongxia, Senior Manager of Green Finance, World Wide Fund for Nature (WWF) Beijing Office; and Xiao Yue, Founding President of Tsinghua Women’s Association, Commissioner of China Women’s Chamber of Commerce (CWCC), participated in the discussion. Mao Qian, Director of the International Cooperation Center at the International Institute of Green Finance, chaired the panel.
The fourth panel, themed “Transition Finance in Support of “Dual Carbon” Goals,” involved in-depth discussions on how regulatory authorities, financial institutions, and businesses can advance financial transformation practices to support comprehensive green and low-carbon transformations in the economy and society under the ‘Dual Carbon’ goals.
Wang Yonghong, Chief of Policy Research Division, Shanxi Local Financial Supervision and Administration Bureau; Chen Yaqin, Vice-General Manager of Green Finance Department, Industrial Bank (IB); Qí Lán, Director of Sustainable Finance Program, Director of China Climate Risk and Adaptation Program, GIZ; Peng Chen, Assistant Secretary-General of the China Association of Building Energy Efficiency; and Xie Wenhong, General Manager of China District, The Climate Bonds Initiative (CBI) participated in the forum discussion. The panel was moderated by Ren Yujie, Director of the Green Finance Research Center at the International Institute of Green Finance.
The conference was attended by nearly 300 representatives from the Board of Directors and Academic Committee of the International Institute of Green Finance at Central University of Finance and Economics, government agencies, large central enterprises, domestic and international financial institutions, social organizations, and media outlets. Additionally, over 1.3 million people watched the conference online through various channels, including China Fortune Media Group, China.com, Cailian Press, National Business Daily, Sina Finance, Economic Observer, Guangzhou Green Finance Association, and the official channels of the International Institute of Green Finance.