CHINA GREEN FINANCE MARKET

China is working with international accounting firms to develop green financing standards. Financial products such as green bonds, green loans, green deposits, green funds, green insurance, and carbon finance have contributed to China’s transformation in this field.  
 
U.S. financial institutions are in the best position to develop innovative performance tracking systems, standards, and financial products.  
From 2020 to 2030, China’s annual demand for green financing is expected to increase from $470 billion to $780 billion. By 2030, the market will reach $7.87 trillion. Banks will still be the main provider for green financing in China, with 80% for climate-related financing. The combined climate-related financing of China’s five major state-owned banks (Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications and Industrial and Commercial Bank of China) will exceed $2 trillion in 2030.

For more information, please contact Commercial Specialist Ms. Hengyan Tian at Hengyan.Tian@trade.gov.