International Experiences in Green Finance Development

68 International Experiences in Green Finance Development: Lessons for Hong Kong Time Policy Content Institution 2019 Opinions on Supporting Shenzhen in Building an Advanced Demonstration Zone of Socialism with Chinese Characteristics This implementation opinion puts forward the strategic positioning of sustainable development pioneers as well as the construction of a green development- oriented ecological civilization evaluation and assessment system, the exploration and implementation of an accounting system for the value of ecosystem services, the improvement of ecological environmental protection policies such as the mandatory disclosure of information on environmental credit evaluation, and the requirements for a sound system of public interest litigation for the environment. Central Committee of the Communist Party of China State Council 2020 Regulations of Shenzhen Special Economic Zone on Green Finance This law initiated the first step of China’s green finance legislation and required financial institutions to establish corporate governance structures and organizational systems in line with the requirements of green finance development. It also improved the leadership and decision- making mechanisms for green finance work as well as the corresponding implementation and supervision mechanisms, and provided the corresponding resources and implementation capacity to ensure that the governance structures and organizational systems of financial institutions can effectively support the goals of green finance development. Bureau of Justice of Shenzhen Municipality