The People's Bank of China and the Ministry of Ecology and Environment convened a work meeting on green finance and set out priorities for strengthening financial support for the "Beautiful China" agenda, centred on standardising green finance definitions and data, improving supporting infrastructure for green products, and linking financing more directly to identified project needs. Key measures highlighted included accelerating the development of a unified green finance support catalogue and statistical system, and improving supporting policies for the registration, collateralisation and valuation of environmental rights to underpin product innovation. Financial institutions were urged to deepen analysis of priority green sectors, expand green product offerings, and align financing and advisory support with a key project list, while focusing on the effectiveness of green finance in improving environmental outcomes and supporting industrial transition. The Ministry also pointed to work to align green finance standards with pollution control technology guidance catalogues, expand the national carbon market, broaden financing channels for EOD projects, support climate investment and financing pilots, develop regional models for financing environmental projects, accelerate carbon emissions accounting standards and technical specifications, implement the pollutant discharge permit system, improve green finance assessment frameworks for financial institutions, and deepen reforms to legally mandated environmental information disclosure. The meeting included a policy briefing on guidance on leveraging green finance to serve Beautiful China construction and an overview of financing needs in key areas, and banks signed on-site financing matchmaking agreements with six companies.

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