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China

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Last Updated:
10/28/2025
Since
2012
National Regulatory and Financial Administration (NFRA)
Since
2012
Ministry of Ecology and Environment of People's Republic of China
Since
2014
China Banking Association (CBA)
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Timeline

  • 2024
    Framework Development

    • The People's Bank of China, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Ecology and Environment, the National Financial Regulatory Administration, and the China Securities Regulatory Commission collectively issue Guiding Opinions of Further Strengthening Financial Support for Green and Low-Carbon Development

    • The People's Bank of China, the National Development and Reform Commission, the Ministry of Industr

    • MEE issues the Strategy and Action Plan for the Biodiversity Conservation

  • 2023
    Market Actions and Impacts

    • The National Financial Regulatory Administration (NFRA) is formed replacing CBIRC

  • 2022
    Framework Development

    • CBIRC issues the Green Finance Guideline

  • 2021
    Framework Development

    • China issues the Guidelines on Strengthening Biodiversity Conservation

    Research and Engagement

    • China-EU Common Ground Taxonomy is launched

    • China becomes Co-Chair of the G20 Sustainable Finance Working Group

    Market Actions and Impacts

    • Initiative launched to develop a national carbon market, starting with the power industry (to begin trading in 2022)

    • 70% of banking assets (valued at $32 billion) covered by ESG integration requirements and banks report their ESG activities and performance regularly to CBIRC and PBoC

  • 2020
    Framework Development

    • CBIRC issues Notice on Work Related to the Statistical System for Green Financing and publishes Corporate Governance Guidelines for Banking and Insurance Institutions (Draft for Comment)

    • PBoC publishes the updated Catalogue of Green BondSupported Projects and issues the Banking Sector Financial Institution Green Finance Assessment Plan

    • Multi-agency collaboration consisting of MEE, NDRC, PBoC, CBIRC, and CSRC publishes guidance on Promoting Investment and Financing to Address Climate Change

  • 2019
    Framework Development

    • PBoC releases Green Credit Performance Evaluation Plan for Deposit-Type Financial Institutions in the Banking Industry

  • 2018
    Framework Development

    • CBIRC issues Guiding Opinions of the China Banking and Insurance Regulatory Commission on Promoting the High-quality Development of the Banking and Insurance Industry

  • 2017
    Framework Development

    • CBA issues China Banking Industry Green Bank Evaluation Implementation Plan

    • CSRC publishes Guiding Opinions on Supporting the Development of Green Bonds

  • 2016
    Framework Development

    • Multi-agency collaboration (PBoC, CBIRC, MOF, NDRC, MEE, and CSRS) results in Guidelines for Establishing the Green Financial System (2016)

    • PBoC issues Notice on Green Bond for Inter-bank Market; and the Green Bond Endorsed Project Catalogue

    Research and Engagement

    • During China’s G20 Presidency in 2016, the G20 Green Finance Study Group was launched and co-chaired by China and UK

  • 2013
    Framework Development

    • CBIRC issues Green Credit Statistics Reporting Template; Guidance on Calculating Environmental Benefits, and Key Performance Indicators for the Implementation of Green Credit

  • 2012
    Framework Development

    • CBIRC issues Green Credit Guidelines

    Research and Engagement

    • CBIRC & MEP join SBFN as founding members