The Role of the People's Bank of China and Financial Supervisory Authorities for Greening China's Financial System

Climate change has become a significant threat to global economies in recent years. The idea that governments, banks, and regulators should work together combat climate promote sustainable financing is gaining traction. world’s central banks financial must take action on support financing. For example, consider the proliferation of regulatory bodies like Sustainable Banking Network banks. literature review descriptive relies secondary sources. report covers first four quarters 2021 summarizes monetary authority’s policy operations (goals achievements). This study includes all scheduled non-banking institutions China 2021, both public private, due their roles green finance. We spoke with seasoned market analysts active retired government officials policymakers from supervisory authorities. While China’s economic development undoubtedly threatened by change, country little choice but continue rely its time-tested approaches creating riches. cannot progress otherwise. Good news: People’s Bank making eco-friendly banking norm sector.