Chen Siqing, Chairman of Industrial and Commercial Bank of China: Introduce the concept of green, low-carbon and sustainable into the construction of modern financial system in an all-round way_ Oriental Fortune Net

January 15, ChinaICBCChairman Chen Siqing pointed out in his speech at the Global Wealth Management Forum Shanghai Suhewan Summit: A good ecological environment is the most basic public product and the most inclusive people’s well-being. At present, the impact of environmental problems such as climate change and biodiversity loss is becoming increasingly prominent, and the sustainable development of mankind is facing severe challenges. It is very urgent to promote the green and low-carbon transformation of the global economy. As the core of the modern economy, finance must assume its due responsibilities and missions. We should fully introduce the concept of green, low-carbon and sustainable into the construction of the modern financial system, and continuously improve the ability of finance to help green transformation.

Chen Siqing emphasized that in promoting finance to help green transformation, ChinaICBCIt will exert efforts from four aspects: First, insist on serving entities and accelerate the development of green finance. Actively adapt to the trend of production and lifestyle, green transformation, and take effective actions to improve the coverage, availability and satisfaction of financial services. According to the needs of the transformation of the real economy, forward-looking adjustment of the investment and financing layout, guiding and leveraging all kinds of resources to flow to the low-carbon circular economy field. The second is to adhere to innovation and leadership, and deepen investment and financing. Focusing on the low carbonization of the industrial structure and the industrialization of green technologies, we will launch more financial products that are precisely adapted, and vigorously develop green bonds,fund、insurance, carbon finance and other tools, promote the accelerated development of the green financial market, give play to the dual-driven role of technology and data, expand the boundaries of green financial services, and improve service capabilities. The third is to adhere to the system concept and deal with risks throughout the process. Coordinate the relationship between development and emission reduction, overall and local, short-term and long-term, promote green transformation on the basis of economic affordability, take the road of safe carbon reduction, improve the ability to adapt and control environmental and climate risks, and do a good job of correcting environmental and climate risks. Risk detection of market entities, proactive prevention of systemic risks, and maintenance of global financial stability. Fourth, adhere to open cooperation and share development results. Adhere to the principle of extensive consultation, joint contribution and sharing, promote the construction of a fair, reasonable and win-win green financial governance system, better leverage the role of domestic and international cooperation mechanisms, strengthen the overall coordination of global financial resources, strengthen the ESG concept of financial services, and focus on reducing The gap in green development between national regions and urban and rural areas.

Chen Siqing said that ChinaICBCIs an active advocate of financial investment principles, greencreditActive practitioners of standards, leading the market in green investment and financing indicators.ICBCClimate risk has been incorporated into the comprehensive risk management framework, and carbon neutral bonds and sustainable development-linked bonds have been innovatively issued and underwritten, forming a relatively complete system of green financial products. “Facing the future, we are willing to work with all parties to strengthen cooperation, promote green finance, accelerate development, and strive to make greater contributions to the green transformation of the global economy.”

(Article Source:securitiesDaily Network)

Article source: Securities Daily Network

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Original title: Chen Siqing, Chairman of Industrial and Commercial Bank of China: Introduce the concept of green, low-carbon and sustainable into the construction of modern financial system in an all-round way