On 2:00 pm, Oct. 16, with the starting pistol shoot, over 500 people walked from Chongqing Yanyu Park to Sunshine 100 Bell Tower, the city's landmark, for a 6.6km low-carbon walking activity.
As learned by our reporter, the walkers consisted of participants of “Low-carbon Chongqing, Green IB - Green Finance Seminar of Industrial Bank”, including representatives of Chongqing Operation Management Dept. PBOC, CBRC Chongqing Office, Chongqing Development and Reform Commission, Financial Office, Environment Protection Bureau etc. and over 50 key cooperative enterprises under Chongqing Green Credit Program. The seminar was the third stop of IB's regional green finance serial activities around China.
As introduced by Fang Zhiyong, GM of IB's Environment Finance Dept, in recent years, focused on key areas and key clients of environmental finance services in energy-saving sector, resource recycle sector, environment protection sector, recycle and protection of water resources, atmosphere control, solid waste treatment, collective heating and green construction, IB has brought into play the comprehensive operation advantages of the group, accelerated innovation in specialized products and services, strengthened the comprehensive application of financial products, and dedicated to providing serial products and services covering green financing, green leasing, green trust, green fund, green investment and green consumption. Up to now, IB has released various innovative businesses, including carbon assets/emission rights pledge business, energy saving and emission reduction financing, EPC financing, green asset securitization, green non-standard debt financing, direct lease of energy saving and environment protection equipment, after sales leaseback and lease of clean bus, green trust loan, green trust fund, energy saving and environmental protection industry fund, PPP fund of urban environmental infrastructures and IPO service for clients engaged in energy saving and environmental protection business.
As a dual pilot area for national carbon trading and emission rights trading, Chongqing has actively promoted the platform construction of carbon trading and emission rights trading in recent years, in which IB green finance has often participated. For example, IB signed strategic cooperation agreement with Chongqing Emission Rights Trading Center, Chongqing Development and Reform Commission and Chongqing United Assets and Equity Exchange in 2012, 2013 and June 2014 respectively, providing comprehensive financial support for the city's platform construction of carbon trading and emission rights trading, including design of trading platform and mechanism, development of trading system, trading settlement, payment, capital management and supporting financing.
As introduced by Xiao Weijing, director of Environment Finance Center, IB's Chongqing Branch, from 2011 to the end of this September, the bank has granted green loans of RMB 16.8 billion for projects in Chongqing concerning resource recycle, development of green forests, urban rail transit, garbage treatment and pollution prevention, industrial energy and water saving, environment protection in transport sector, and has been providing huge financial support for nearly 200 enterprises, including Chongqing Water Assets Operation Co., Ltd, Chongqing Renewable Resources Group, Chongqing Kangda International Environmental Company Limited.
The bank also stated that the aim of this seminar is to gain insight into the environmental protection policy development and environment finance demands of enterprises in Chonqging, thus tailor product and service program of green finance, providing constant support to Five Function Areas of Chongqing and five environmental protection actions of “blue sky, clean water, low noise, green land and countryside”, and aiding economic transformation and upgrading and green development of Chongqing.
As showed by statistics, by the end of September 2015, IB has provided green financing of nearly RMB 700 billion for energy saving and emission reduction and environment protection projects around China.