Recently, the People’s Bank of China（PBC）added Deutsche Bank（China）and Societe Generale（China）to the list of financial institutions eligible for Carbon Emission Reduction Facility (CERF). The move demonstrates the government’s emphasis on green transition and its firm stance on opening-up. The Chinese government treats foreign and domestic financial institutions equally and grants national treatment to foreign institutions to support their development in the country. The PBC will consider adding other willing and qualified foreign financial institutions to the list in the next step, so as to tap into their advantages in green finance and facilitate China' transition to green and low-carbon economy.
Date of last update
Nov. 29 2018
