Ma Jun: Central Banks Should Push Green Loans
01 Sep, 2019

Content: Central banks should play a more active role in promoting green finance, according to Ma Jun, member of the PBOC`s Monetary Policy Committee and Chair of Supervision Workstream of NGFS, the Central Banks and Supervisors Network for Greening the Financial System.

“Green `QE` is an interesting idea for central banks to support the green finance market” Ma told MNI in the second part of an exclusive interview.

“The PBOC initiated the green re-lending program that provides low-cost funds for commercial banks to lend to green projects since 2017, which, to some extent, resembles Green QE in terms of its role in reducing costs of green funding,” said Ma, who is also Chairman of the Green Finance Committee of China Society for Finance and Banking, an industrial association set up by the PBOC to promote green finance.