EC-Link Project organized the Second Network Meeting in order to provide an introduction of New Rules for China's Capital Markets: taking the ADB Shandong Fund as an example of a blended facility for Green Investment.
Participants highlighted the fact that it is still difficult to define Green vs. Not Green, and this creates a lot of difficulties in the selection of appropriate projects both at national and local levels. Moreover, there is no alignment between China and International Institutions in the definition of “Green”. Moreover, it was raised the issue of a missing communication between financial institutions and local governments. Further, there is no clear mapping of on-going green finance projects. It’s important to create an efficient database so to have a clear understanding of present activities so to identify a priority pipeline of profitable projects (both from financial and technical point of view) to be presented to national and international institutions.
EC-LINK Project is doing city-level cooperation and communication work in China and providing green finance assistance. It will continue its work in order to sustain an effective dialogue between Chinese Municipalities and main Chinese and International Banks and Funds.