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  • With the rise of green finance in China has come the rise of onshore green accreditation agencies. The leader among the domestic firms is Beijing Zhongcai Green Financing Consultant, which was spun off from the Green Bonds and Research Institute of China Central Political and Law University. Zhongcai’s director of green bond business is Hanke Zhang.
  • Last year, China’s State Council designated five regions where the central government will work with local authorities to build green finance reform and innovation pilot areas; Xinjiang in western China stands out among these.
  • 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.
  • Industrial Bank, headquartered in the eastern city of Fuzhou, had nothing special to set itself apart from other domestic commercial banks a decade ago. But that started to change in 2008 when it became the first Chinese bank to adopt the Equator Principles, the internationally recognized risk management framework for green finance projects.
  • China Development Bank was set up by the central Chinese government in 1994 with a mandate to fund domestic infrastructure and other strategic social and economic development projects. In recent years, it has also evolved into a leading green-credit provider in China and a key player in helping government agencies to institute a proper regulatory framework for the rapidly growing domestic green-finance sector.
  • Industrial Bank of China is known as the bank of green finance in its homeland because it was the first to begin operating by the Equator Principles, a globally accepted risk-management framework used by financial institutions for determining, assessing and managing environmental and social risk in projects.
  • Yin Hong leads post-doctoral, dissertation students and talks like an academic. She is, in fact, a senior banking executive and is deputy head of Industrial and Commercial Bank of China’s Urban Finance Research Institute.
  • Of the regional banks in China, Bank of Nanjing in the capital of Jiangsu province stands out from the crowd. The bank has lent Rmb23.7 billion ($3.7 billion) in green finance to support enterprises in their efforts to promote energy conservation, environmental protection and to reduce emissions of pollutants. Its chair is Hu Shengrong.
  • Among Chinese brokerage houses, CITIC Securities is not only the largest in the field, but also stands out as the leader of the green finance pack. The brokerage firm has a commanding share of the green bond market among brokers and has underwritten a large number of green finance projects that are directly issued by companies themselves.
  • Shanghai Pudong Development Bank is one of the second-tier national commercial banks in China. There is no way for the Shanghai-based bank to match the country’s big four state-owned commercial banks in terms of green lending, but it has established itself as a leading player in the domestic green-bond market.
  • China Securities, established in Beijing in 2005, ranked among China’s top three bond underwriters in the last three years. After embracing green-bond underwriting as a new strategic direction in business development two years ago, the securities house has established itself as a clear leader in the underwriting of both corporate green bonds and green bonds placed by domestic financial institutions.
  • Capitalizing on its abundant experience in green-finance verification globally and the unrivalled expertise of its Climate Change and Sustainability Services team on the ground, EY is recognized as a pioneer and leader in China when it comes to providing verification services and safeguarding the development of the local green-finance sector. Judy Li is its green finance leader in China.