
Harbin, September 16 (Xinhuanet) -- From September 15 to 17, the 2021 China Entrepreneur Sun Island Annual Conference was held in Harbin, Heilongjiang, co-sponsored by the National Brand Engineering Office of Xinhua News Agency, Xinhua Net, the Department of Commerce of Heilongjiang Province, and the Harbin Municipal People's Government, and hosted by Sun Island Group. Government leaders, academicians, well-known experts and scholars, entrepreneurs and other guests participated in the annual meeting in a combination of online and offline methods. Cui Yong, member of the party committee and vice president of the Agricultural Bank of China, said in his speech at the scene that finance is the bloodline of modern economic development. Vigorously developing green finance is an important measure to implement the decision-making and deployment of the Party Central Committee and the State Council, and is an inherent requirement for the high-quality development of the financial service economy.  
Cui Yong believes that the key to doing a good job in green financial services is to achieve "five haves":      
First, "there are standards". Docking international and domestic green financial service standards, within the framework of regulatory policies, around the project screening, credit statistics, product innovation, performance evaluation, information disclosure and other aspects, establish a set of scientific business rules, standards and methods, to achieve green finance measurable, promotable and evaluatible.  
The second is "planning.". In accordance with the principles of adequate service, controllable risks and sustainable development, the development of green finance will be regarded as the basic market positioning and business strategy, and the green finance development plan will be formulated, and key support areas will be highlighted, so that the goals are clear, the measures are strong, and the responsibilities are clear.  
The third is to "have a policy." Closely following the characteristics of green financial demand, targeted policies have been introduced in terms of access thresholds, loan interest rates, approval channels, resource guarantees, assessment incentives, etc., effectively stimulating the enthusiasm of branches to carry out green financial business, so that customers can enjoy efficient and high-quality green financial services.  
The fourth is "having products". Focusing on key areas such as clean energy, energy conservation and environmental protection, ecological environment, and cleaner production, we will accelerate the innovation of characteristic exclusive credit products and tools, broaden the mortgage method of green income rights, and establish a whole-market service system covering green credit, green investment banking, green leasing, green investment, green fund, etc., to fully meet the diversified service needs of green finance.
  Fifth, "there is a mechanism." Improve the organizational structure of green finance, set up professional departments and teams for green finance research, strengthen the responsibilities of green financial services in each line, form a set of relatively independent and effective coordination of institutional mechanisms, and ensure that there are special institutions, special personnel, and special systems to serve green development.
  Cui Yong said that the Agricultural Bank of China regards the development of green finance as one of the three major strategies of the whole bank alongside the three rural counties and digital operations, and is committed to building a leading bank in green finance. As of the end of June, the balance of green credit of the Agricultural Bank of China was 1.54 trillion yuan, equivalent to an annual reduction of carbon dioxide equivalent of 87.13 million tons, an increase of 261.3 billion yuan over the beginning of the year, a growth rate of 20.5%, higher than the average growth rate of the bank's loans by 12.4 percentage points.
  "In the next step, the Agricultural Bank of China will focus on the national 'carbon peak, carbon neutral' strategic deployment, firmly grasp the major opportunities of green development, fully play the advantages of large state-owned banks, and strive to increase the effective supply of green finance." Cui Yong said.    
Cui Yong also stressed that Heilongjiang, as a large agricultural province, a large forestry province and a heavy industry base in northeast China, has a good ecological industrial foundation. At present, in the critical period of industrial structure transformation and the transformation of new and old kinetic energy, the Heilongjiang Provincial Party Committee and Provincial Government proposed that during the "14th Five-Year Plan" period, it is necessary to build an ecological civilization demonstration province and promote the growth of green environmental protection industry into a pillar industry. The Agricultural Bank of China is willing to work with all parties to implement the "Implementation Plan for Green Finance in Heilongjiang Province", vigorously do a good job in financial services for modern agriculture, eco-tourism and strategic emerging industries, give full play to the positive role of green finance in adjusting the structure and promoting transformation, and jointly write a new chapter in the high-quality economic and social development of Heilongjiang.
The 2021 Chinese Entrepreneur Sun Island Annual Conference focuses on the theme of "Striving for the 14th Five-Year Plan" to create a new pattern", based on a global perspective, to discuss how Chinese enterprises can seize the opportunity of the times to take advantage of the momentum, integrate into the new development pattern of double circulation, promote the deep integration of the innovation chain and industrial chain, and promote China's economy to a higher level and achieve higher quality development.
Edit: Cong Wei
Source: Xinhua Net