International Experiences in Green Finance Development

64 International Experiences in Green Finance Development: Lessons for Hong Kong Time Policy Content Institution 2022.12.16 Action Plan for the Banking and Insurance Industries in Shanghai to Promote Green Financial Development and Serve the Strategies of Carbon Peak and Carbon Neutrality During the 14 th Five-Year Plan Period” (In Chinese: 《上海銀行業 保險業“十四五”期間推動 綠色金融發展服務碳達峰 碳中和戰略的行動方案》) This Plan enhances the green financial market system in Shanghai, facilitating the construction of Shanghai’s international financial center with stronger support from the banking and insurance sectors. Shanghai Regulatory Bureau of China Banking and Insurance Regulatory Commission and other departments 2023.02.15 Key Points for Shanghai’s Climate Change Response Work in 2023 (In Chinese: 《上海市2023 年應對氣候變化工作要 點》) The Key Points systematically advance the city's climate change response efforts, achieving synergies in pollution reduction and carbon emission reduction for enhanced efficiency. Shanghai Municipal Bureau of Ecology and Environment Table 12: Some of the Key Stakeholders in Shanghai’s Green Finance Ecosystem Type Organization Function Government Agencies Shanghai Municipal Financial Regulatory Bureau To establish a green financial system Shanghai Office of the People’s Bank of China To promote the development and regulation of green financial products.