International Experiences in Green Finance Development

62 International Experiences in Green Finance Development: Lessons for Hong Kong Type Organization Function Stock Exchange Beijing Stock Exchange To provide venues and facilities for centralized securities trading China Beijing Green Exchange Designated sole trading venue for carbon emission rights trading in Beijing Key Market Participants China Everbright Ltd. Financial institutions Bank of Beijing Co., LTD. Financial institutions China National Offshore Oil Corporation One of the major emitting organizations, participating in carbon financial transactions Other Institutions Involved in Green Finance The International Institute of Green Finance of the Central University of Finance and Economics Academic institutions providing research support Beijing Green Finance Association Social organizations acting as intermediaries between the government, emitting enterprises and financial institutions Shanghai Shanghai’s green finance policies reflect a strategic approach to establishing the city as a leading international hub for sustainable finance. The policies focus on integrating green finance principles across various sectors, enhancing market systems, and aligning financial development with environmental objectives (Table 11). The 2021 Implementation Opinions on Accelerating the Construction of an International Green Financial Hub in Shanghai to Serve the Implementation of Carbon Peak and Carbon Neutrality Targets emphasizes utilizing Shanghai’s financial center to drive green transformation across the economy and society. The 2022 Shanghai Carbon Peak Implementation Plan outlines a systematic approach to achieving carbon peak and neutrality