International Experiences in Green Finance Development

74 International Experiences in Green Finance Development: Lessons for Hong Kong Table 16: Some of the Key Stakeholders in Guangzhou’s Green Finance Ecosystem Type Organization Function Government Guangzhou Municipal People’s Government The Guangzhou Municipal People’s Government promotes policies and regulations related to green finance to encourage green investments, sustainable development, and environmental practices. Guangzhou Local Financial Supervision Bureau The Bureau is responsible for regulating and supervising financial institutions and activities related to green finance in Guangzhou. This includes ensuring compliance with environmental and financial regulations, which helps maintain the integrity and stability of the green finance sector. Guangzhou Nansha Economic and Technological Development Zone Financial Work Bureau The Financial Work Bureau promotes the development of innovative green financial products and services to meet the needs of investors and businesses, such as green credits and carbon trading. Financial institution Guangzhou Emissions Exchange The Exchange promotes the development of new carbon financial products, such as carbon quota futures, carbon credits, and carbon bonds, to meet the needs of investors and businesses. The PBC, Guangzhou Branch The People’s Bank of China, Guangzhou Branch participates in formulating green finance policies and regulations to encourage banks and financial institutions to support sustainable development and environmental practices.