Progress Report on China’s Green Finance Policy 2018

China has made noticeable achievements in the formulation and practice of green financial policies in 2018. First, green financial products and services grew steadily, with ceaseless innovation in green credit, green bonds, green insurance, green development funds and asset-backed notes and increasing diversification of green financial products provided by local financial institutions. Second, as relevant authorities further tightened project thresholds, public–private partnership projects concerning the ecological environment were better grounded and showed overall good momentum with the effective implementation of more projects. Relying on the national carbon market, the various pilot areas for the emissions trading scheme carried out policy practices in local contexts. Third, the unparalleled determination through unprecedented efforts to develop an ecological civilization provide an extremely favorable policy environment for the vigorous development of green finance. In order to help the public to keep abreast of China's policy system and practical progress in the field of green finance, the Progress Report on Green Finance in China 2018 is hereby prepared.