w88 casino News Network (provided by the w88 casino of Finance)The w88 casino of Finance recently held the 20th concentrated learning session for teachers onlineThe "Financial Realism Salon" of the University of w88 and Economics specially invited Huang Dingwei, deputy director of the Financial Affairs Office of the Huzhou Municipal People's Government, to give a themed report on "Practice and Thoughts on Green Financial Reform and Innovation in Huzhou, Zhejiang Province". The event was hosted by Professor Qi Tianxiang, Secretary of the Party Committee of the w88 casino of Finance. Dean Zou Yasheng welcomed Director Huang and conducted work exchanges.
Huang Dingwei first introduced what Huzhou isThe birthplace of the theory that “lucid waters and lush mountains are invaluable assets” is an important node connecting the northern and southern wings of the Yangtze River Delta urban agglomeration, and connecting the Yangtze River Delta and the central and western regions. It has a superior geographical location. He then pointed out that the development of green finance currently faces six major challenges: First, green standards such as green bond catalogs and green credit statistics are not yet complete; second, information asymmetry, such as asymmetry in green finance supply and demand, asymmetry between the financial sector and industrial sectors, high cost and low efficiency of information collection, etc.; third, externalities cannot be internalized, and positive and negative externalities cannot be expected. The benefits or corresponding costs must be paid; the fourth is the insufficient capacity of financial institutions, which is reflected in aspects such as climate risk management, ESG model construction, environmental information disclosure, and financial product design; the fifth is maturity mismatch, with long project financing cycles and short credit financing cycles; the sixth is market failure, which is illustrated by the transaction prices of various countries' carbon markets and the formation of the value of my country's nitrogen oxide emission rights. Huang Dingwei also shared the reform practice of Huzhou’s green finance with everyone, emphasizing that “proactive government” and “effective market” complement each other and promote the innovative reform of Huzhou’s green finance. Finally, Huang Dingwei made an outlook and summary of the development trends of green finance, and put forward issues that need to be solved in the further development of green finance reform.
Professor Wang Jianfeng, Director of the Institute of Finance of the w88 casino of Finance, concluded that this event expanded and deepened the participants’ knowledge and understanding of green finance reform. He was very grateful to Director Huang Dingwei for sharing the cutting-edge practices in the field of green finance, and hoped that both parties would maintain contact and conduct close exchanges on green finance-related practices and theories.
