Beijing Business Daily (Reporter Yue Pinyu and Liao Meng) On December 6, at the 24th Beijing-Hong Kong Economic Cooperation Research and Planning Conference, Yin Yong, member of the Standing Committee of the Beijing Municipal Party Committee and Deputy Mayor, stated that both Beijing and Hong Kong are important financial hubs. Under the goal of carbon peak and carbon neutrality, it is necessary for Beijing and Hong Kong to further deepen cooperation in green finance, strengthen communication and exchanges between financial management departments, financial institutions, green enterprises and green finance talents in Beijing and Hong Kong, and jointly promote Give full play to the positive role of finance in supporting the development of green and low-carbon fields and promoting the construction of ecological civilization.
Yin Yong pointed out that Beijing and Hong Kong will further deepen cooperation in green finance, including promoting in-depth cooperation between green financial institutions, building an international carbon trading market, promoting capital markets to better serve green development, and jointly creating international standards for green finance. And promote the five major aspects of international cooperation in green finance.
In terms of co-building an international carbon trading market, Yin Yong said that the core of green finance is to build a market-oriented green trading service mechanism, through the price discovery mechanism for reasonable pricing, and form an incentive and restraint effect on all market entities. Beijing is building a national-level green exchange facing the world, and is actively undertaking the construction of national resource reduction and other carbon trading centers. The Hong Kong Stock Exchange is also evaluating Hong Kong’s unique financial advantages and exploring opportunities in the carbon emission market and resource carbon trading market.
In terms of promoting the capital market to better serve green development, Yin Yong emphasized that he supports the Hong Kong Stock Exchange and the Beijing Stock Exchange to strengthen cooperation, share experience in listed company governance, and promote the listing of a group of green, low-carbon, and High-quality innovative small and medium-sized enterprises that practice ESG philosophy with strong social responsibility.Return to Sohu to see more
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