The 1st Salon of Green Finance Exchange Platform co-organized by SINO-CEE Fund and Financial Services Management Office of Xuhui District was successfully held in Shanghai on 16th March, 2023. Representatives from government, financial institutions, academia and enterprises gathered to share their explorations and efforts in promoting the development of green finance around the topic of “Trends and Industry Practices in Green Finance Development”. They have also discussed new opportunities and dynamics to drive the flow of financial factors to the ESG industries.
Mr Chen Fei, CEO of SINO-CEEF shared with audience the overall macro-economic situation and policy support for developing renewable energy in Central and Eastern Europe (CEE), as well as successful cases of green investment along the “Belt and Road Initiative” by SINO-CEEF and its efforts of adapting to the trends of global asset management industry, promoting ESG investments, advancing Sustainable Development Goals (SDGs), etc.. SINO-CEE Fund II will further focus on clean energy projects and other ESG-related growth investment projects, while paying attention to other investment opportunities related to renewable energy value chain. The Fund will not pursue “quick entry and quick exit” for its investments, but will aim for steady and sustainable development. It will realize the scale, reasonable allocation, and risk control of its portfolio through high quality project selection. The company will also strive to ameliorate its overseas layout in CEE, establish broad connections with Chinese industry partners, enlarge regional investments, and help Chinese enterprises to achieve superior development along the “Belt and Road Initiative”.
The leaders from Shanghai Municipal Financial Regulatory Bureau and Financial Services Management Office of Xuhui District introduced the deployment of Shanghai Municipal Government in building Shanghai into an international green financial hub, its contribution to realizing the “carbon peaking and carbon neutrality goals” of China, and to promoting the transformation and upgrading of Shanghai’s energy, industrial and economic structures. They have also explained the top-level design to support green finance, the improvement of business development system, and innovation of green products, technologies and business models in order to promote the development of a low-carbon society with high-quality green finance.
Dr. Li Zhiqing from Green Finance & Research Center of Fudan University shared the development trend of green finance in recent years as a representative of academia, and pointed out that Shanghai, as a globally important international financial center, has a wide range of services and a high diversity of products in green finance segment, but there is greater potential to explore in terms of service expertise; with the development of ESG finance, transition finance, carbon finance, and pilot project of climate investment and financing, the green finance segment will be organically integrated with the upgrading of Shanghai to enhance its core competitiveness as an international financial center.
Gu Qingping, General Manager of Shenergy Carbon Technology Company, shared the company's technological advances in the field of low carbon technology and environmental technology as a representative from corporate sector. Shenergy Carbon Technology Company has taken the lead in China to explore quota trading, carbon borrowing, pledging, and other market-oriented means to promote emissions reduction, and to manage and optimize carbon assets. It has vigorously promoted the development of clean energy and expansion of the energy industry chain through forward-looking layout, structural optimization, scientific and technological innovation and other initiatives, and made continuous efforts in green power, green gas, green finance and green new energy to make contributions to low-carbon development, energy conservation and emissions reduction in Shanghai.
Zhejiang Chint New Energy Development Company is an advanced new energy solution provider in China that integrates development, construction, operation and service, and actively participates in the construction of PV power plants along the “Belt and Road Initiative” including CEE countries. Mr Yang Yi as its General Manager shared Chint’s innovation and practices in promoting carbon neutrality, and experiences about how to identify projects, judge risks and solve problems when enterprises “Go Global”. At the same time, Chint is an important industrial investor and project partner of SINO-CEE Fund. The company will continue to join hands with the Fund to utilize its advantages in the whole industrial chain, follow the regional development trends, and employ a consortium model comprising of “equipment + EPC service + investment and financing” to support the “Belt & Road Initiative” and ESG development in CEE region.
The Salon with theme of “Green Dynamics for Sustainable Future, and Harmonious World through SINO-CEEF” has helped to form a clustering effect for green finance cooperation and to promote the integration of fundraising, investment and financing in the ESG sector. In future, the green finance exchange platform will organize various forums on a regular basis to promote the concept of green finance, share theoretical research results and practical experiences, to attract more green sector enterprises or investment institutions to form a strategic alliance for investment, to promote green finance, to nourish the exploration and consensus on the inherent economic and social benefits of green finance, and to promote the construction and improvement of a green finance ecosystem.
