International Experiences in Green Finance Development

60 International Experiences in Green Finance Development: Lessons for Hong Kong Table 9: Key Green Finance Policies in Recent Years in Beijing Time Policy Content Institution 2017.09.11 Notice on Issuing the Implementation Measures for Building a Green Financial System in the Capital (In Chinese: 關於印發《關 於構建首都綠色金融體系 的實施辦法》的通知) These measures outline responsibilities for building a green financial system in Beijing, emphasizing clear division of duties among relevant authorities. Beijing Municipal Bureau of Financial Work 2021.08.21 Opinions of the State Council on Supporting the High- quality Development of Beijing Municipal Administrative Centre (In Chinese: 國務院《關於 支援北京城市副中心高品 質發展的意見》 The Opinions propose elevating China Beijing Green Exchange to a global national hub for green and sustainable finance State Council 2022.08.10 The Action Plan for Green Finance Reform, Opening up and Development in the Construction of “Two Zones” (In Chinese: 《“兩區”建 設綠色金融改革開放發展 行動方案》) The Action Plan promotes green finance reform in the ‘two zones,’ maximizing finance’s positive impact on Beijing’s green economy, and advancing ecological civilization construction Beijing Municipal Bureau of Local Financial Regulation and Supervision and Other Departments 2023.09.06 Notice on Issuing the Guideline for the Construction of Green Financial System Mechanisms in the Banking and Insurance Sectors in Beijing Area (Trial Implementation) (In Chinese: 《關於印發北 京地區銀行業保險業綠色 金融體制機制建設指引 (試行)的通知》 The Notice guides banks and insurers in adopting green development principles, enhancing green financial services, and improving risk management. Beijing Offices of the National Administration of Financial Regulation, Bank of China Beijing Branch, Tongzhou District People’s Government of Beijing Municipality