After G20, green economy takes precedence at CIFIT
An unprecedented number of exhibitions and presentations, showcasing the green, environment-friendly industries, were staged at this year’s CIFIT, as China seeks to emphasize the importance of green finance.
Green finance, a term used to describe environmentally friendly behavior in finance and business, took a central theme at the fair, capturing the attention of global institutions, industry leaders and academics.
An increasing number of investment agencies and financiers are taking environmental impact into account when considering funding business projects, according to Li Yong, director-general of United Nations Industrial Development Organization. Aligning resources with sustainable growth has become a new global investment trend.
A staff member of the Chinese mainland office of the Tokyo Stock Exchange said that of the 100 largest companies by market value that floated on Asian markets since last year, 75 were from unconventional, green industries.
China has spearheaded the development of green finance to achieve supply side reform and sustainable growth worldwide. The issue was placed on the agenda for the first time at the G20 Summit in Hangzhou on Sept 4-5.