International Experiences in Green Finance Development

67 Appendix: Green Finance Development in Beijing, Shanghai, Shenzhen and Guangzhou Table 13: Key Policies in Recent Years in Shenzhen Time Policy Content Institution 2016 Outline of the Thirteenth Five- Year Plan for National Economic and Social Development of Shenzhen Municipality This outline proposed an action plan that highlights green and low-carbon, improves sustainability, accelerates the building of green financial services and promotes the development of low-carbon eco-cities. Shenzhen Municipal People’s Government 2018 Implementation Opinions of the Shenzhen Municipal People’s Government on Building a Green Financial System This implementation opinion puts forward the significance and general requirements of building a green financial system, supporting the innovative development of green credit, encouraging the capital market to support the development of green industries, promoting the insurance market to support the development of green industries, supporting the development of regional environmental rights and interests trading markets, optimizing the basic environment for green financial development, and setting up a safeguard mechanism for the green financial system. Shenzhen Municipal People’s Government