Asiamoney China Green Finance Awards

In China’s green finance sector, Ernst & Young is an admired player because of its position as the largest green finance verifier and its role in promoting sustainable green finance development with expertise and innovative services.

ICBC was not only the largest issuer of green bonds overseas among the Chinese banks last year, but also a clear leader in promoting the development of green finance outside China.

With the robust growth of the green finance sector in China, local financial institutions and their regulators need to improve the collection and analysis of data on the environmental benefits of green finance projects.

Industrial Bank was the largest issuer of green bonds among Chinese banks in 2018, domestically and abroad. Its guidelines and standards set out for its own green bond issues have also won recognition from international agencies.

Bank of Huzhou was established in 1997 in the eponymous economically vibrant, medium-sized city in east China’s Zhejiang province. With total assets of Rmb52 billion ($7.5 billion) at the end of 2018, it is a small bank by Chinese standards. Yet it has emerged as a leader (at least among the numerous regional commercial banks in China) on multiple fronts in green finance.

Industrial Bank is a pioneer in China’s green finance sector. It started making green loans in 2006 and was the first Chinese bank to adopt the Equator Principles, an internationally recognized, risk-management framework for financial institutions to determine, assess and manage environmental and social risks in projects.

Industrial and Commercial Bank of China is not only the leading provider of green loans in China, but also the top issuer among Chinese banks of green bonds in the international markets, and the most active of the Chinese banks in collaborating with domestic and international agencies to advance the development of green finance, both at home and abroad.

View the results of the 2018 Asiamoney awards for green finance in China here

Ma Xianfeng is dedicated to the development of green finance in China. The director of the Research Centre of the China Securities Regulatory Commission has also served tirelessly as the deputy director of the central bank-linked Green Finance Committee.