International Experiences in Green Finance Development

61 Appendix: Green Finance Development in Beijing, Shanghai, Shenzhen and Guangzhou Table 10: Some of the Key Stakeholders in Beijing’s Green Finance Ecosystem Type Organization Function Government Agencies Beijing Municipal Bureau of Local Financial Regulation and Supervision and Other Departments To establish a green financial system The Business Management Department of the People’s Bank of China To promote the development and regulation of green financial products Beijing Bureau of the China Banking and Insurance Regulatory Commission To regulate the development of green finance in the banking industry The Beijing Office of the China Securities Regulatory Commission (CSRC) To regulate the listing financing and refinancing of green enterprises The Beijing Municipal Commission of Development and Reform To develop green projects using the Public-Private Partnership (PPP) model and establish green financial functional zones Circular of the Beijing Municipal Finance Bureau To establish a fund for green development and coordinate efforts for sharing information on green projects Beijing Municipal Ecology and Environment Bureau To coordinate efforts to facilitate the sharing of information on green projects