Liu Fan, CCASS: Differentiated supervision and incentive policies should be formulated for bonds that meet the information disclosure standards for the environmental benefits of green bonds

Southern Finance and Economics, January 6, Liu Fan, deputy general manager of the Central Treasury Bond Registration and Settlement Co., Ltd., said in an exclusive interview with 21st Century Business Herald that differentiated supervision and incentive policies should be formulated for bonds that meet the information disclosure standards for the environmental benefits of green bonds. Individuals suggest that indicators such as green bond issuance, investment and underwriting be added to the macro-prudential assessment (MPA) indicator system and their scores; green bonds that meet the disclosure standards of the China Bond Index System should be preferentially selected to be included in the pledge pool of the central bank's open market operations and monetary policy tools; the issuers of green bonds should be given a tax incentive of one percentage point for interest income tax; and the risk of green bonds held by commercial banks should be reduced by one percentage point For green bonds that meet the disclosure standards of the China Bond Index System, if invested in projects involving carbon emission reduction, they can be designed as CCER (NationalLy Certified Voluntary Emission Reduction) products. (21st Century Business Herald)