Imagining a sustainable financial system allows us to move beyond conventional wisdom.
This resource is also available in French.
Over the past 30 years, China has developed rapidly to become the world’s second largest economy, reaching the status of a middle-income country.
China’s central bank, the People’s Bank of China, has launched a ground-breaking report that sets out in specific and practical terms an ambitious agenda of how China can green its rapidly developing financial and capital markets.
An efficient and resilient regulatory regime must not only deal competently with the financial system that exists currently; it must also have adaptive capacity to deal competently with the system that is emerging.
This Synthesis Report is based on an 18-month project, Greening China’s Financial System, carried out by the International Institute for Sustainable Development (IISD) and the Finance Research Institute (FRI), Development Research Center (DRC) of the State Council, in association with the United