L’innovazione come motore per lo sviluppo della finanza verde in Cina - Innovation as a Driver for the Development of Green Finance in China
Over the last years, China has made substantial progress in greening its financial system. This has been carried out through a top-down governance model where political ambitions and commitments have been effectively translated into concrete policies and changes on the ground. The article accounts f...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Università degli Studi di Torino
2021-02-01
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| Series: | OrizzonteCina |
| Online Access: | https://www.ojs.unito.it/index.php/orizzontecina/article/view/5601 |
| _version_ | 1798023619008266240 |
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| author | Mathias Larsen Yao Wang |
| author_facet | Mathias Larsen Yao Wang |
| author_sort | Mathias Larsen |
| collection | DOAJ |
| description | Over the last years, China has made substantial progress in greening its financial system. This has been carried out through a top-down governance model where political ambitions and commitments have been effectively translated into concrete policies and changes on the ground. The article accounts for how innovation has been a key component of these efforts across three aspects. First, at the central bank level, China has deployed innovative tools not seen anywhere before, such as including green factors in macroprudential regulation. Second, fintech has been applied in innovative ways, such as by banks using public environmental platforms as input for client credit assessment. Third, China has used green finance policies in various ways in different provinces as pilots and experiments before rolling out policies at the national level. From an EU perspective, the article finds that Chinese green finance efforts open the door for collaboration in terms of participation in each other’s financial markets, joint efforts in third countries, as well as coordination of Covid-19 recovery efforts. |
| first_indexed | 2024-04-11T17:49:16Z |
| format | Article |
| id | doaj.art-f16eac999d6b49989769b43897ec45d1 |
| institution | Directory Open Access Journal |
| issn | 2612-3479 2280-8035 |
| language | English |
| last_indexed | 2024-04-11T17:49:16Z |
| publishDate | 2021-02-01 |
| publisher | Università degli Studi di Torino |
| record_format | Article |
| series | OrizzonteCina |
| spelling | doaj.art-f16eac999d6b49989769b43897ec45d12022-12-22T04:11:12ZengUniversità degli Studi di TorinoOrizzonteCina2612-34792280-80352021-02-0111310.13135/2280-8035/5601L’innovazione come motore per lo sviluppo della finanza verde in Cina - Innovation as a Driver for the Development of Green Finance in ChinaMathias Larsen0Yao Wang1Department of Organisation, Copenhagen Business School; Sino-Danish Center for Education and ResearchInternational Institute of Green Finance, Central University of Finance and EconomicsOver the last years, China has made substantial progress in greening its financial system. This has been carried out through a top-down governance model where political ambitions and commitments have been effectively translated into concrete policies and changes on the ground. The article accounts for how innovation has been a key component of these efforts across three aspects. First, at the central bank level, China has deployed innovative tools not seen anywhere before, such as including green factors in macroprudential regulation. Second, fintech has been applied in innovative ways, such as by banks using public environmental platforms as input for client credit assessment. Third, China has used green finance policies in various ways in different provinces as pilots and experiments before rolling out policies at the national level. From an EU perspective, the article finds that Chinese green finance efforts open the door for collaboration in terms of participation in each other’s financial markets, joint efforts in third countries, as well as coordination of Covid-19 recovery efforts.https://www.ojs.unito.it/index.php/orizzontecina/article/view/5601 |
| spellingShingle | Mathias Larsen Yao Wang L’innovazione come motore per lo sviluppo della finanza verde in Cina - Innovation as a Driver for the Development of Green Finance in China OrizzonteCina |
| title | L’innovazione come motore per lo sviluppo della finanza verde in Cina - Innovation as a Driver for the Development of Green Finance in China |
| title_full | L’innovazione come motore per lo sviluppo della finanza verde in Cina - Innovation as a Driver for the Development of Green Finance in China |
| title_fullStr | L’innovazione come motore per lo sviluppo della finanza verde in Cina - Innovation as a Driver for the Development of Green Finance in China |
| title_full_unstemmed | L’innovazione come motore per lo sviluppo della finanza verde in Cina - Innovation as a Driver for the Development of Green Finance in China |
| title_short | L’innovazione come motore per lo sviluppo della finanza verde in Cina - Innovation as a Driver for the Development of Green Finance in China |
| title_sort | l innovazione come motore per lo sviluppo della finanza verde in cina innovation as a driver for the development of green finance in china |
| url | https://www.ojs.unito.it/index.php/orizzontecina/article/view/5601 |
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