Financial Efforts to Boost Green Development

Chongqing-A symposium called “Financial Efforts for Boosting Dazu’s Green Development” on Chongqing’s financial community to support Dazu’s green development kicked off on December 22.

A symposium on Chongqing’s financial community to support Dazu’s green development kicked off on December 22.

Chongqing Operations Office of the Peoples Bank of China and seven municipal-level financial institutions attended the symposium. The latter signed strategic cooperation agreements with Dazu, respectively, pledging to increase their supports for green sectors, green enterprises, and green projects in Dazu.

Both parties agreed to introduce more favorable policies and increase their efforts to enhance internal driving forces, overall competitiveness, and sustainable development capacities of key industries and enterprises.

In addition, they are planning to guide non-governmental investment to green, low-carbon, and energy-saving and environmental protection industries, transform the pattern of economic development and restructure and upgrading industries, implement a green, sustainable, low-carbon production, and lifestyle, and therefore to promote the high-quality development of Dazu.

Yu Huiwen, Secretary of the Communist Party of China Dazu District Committee, deemed that the Peoples Bank of China and the seven financial institutions should boost their confidence in Dazu and support Dazus green development to create a new paradigm and a new model for green development with joint efforts.

Those financial institutions will take measures from planning, policy, market building, and financing to support Dazus recycling industry, green upgrading of traditional industries, environmental protection, and ecological restoration, to create a favorable environment for investment, finance, and market.

Moreover, the Peoples Government of Dazu District will focus on improving the financial environment of Dazu and provide comprehensive support and services for those financial institutions to carry out green business, achieving a win-win situation among the government, banks, and enterprises.