PRC's Tianjin Branch of the People's Bank of China: Gradually Promoting the Pilot Application of Financial Standards for Key Industries such as Coal-electricity, Building Materials, Transportation, and Maritime

Opinion Network: July 29th message, the Tianjin Branch of the People's Bank of China jointly issued with the Tianjin Financial Regulatory Bureau, the Tianjin Securities Regulatory Commission, the Tianjin Local Financial Management Bureau, the Tianjin Industry and Information Technology Department, the Tianjin Development and Reform Commission, and the Tianjin Ecological Environment Bureau the Implementation Opinion on Utilizing Transformative Finance to Serve Tianjin's Green Low-carbon Economic Development.

According to our understanding, the Implementation Opinion adheres to the overall requirements for transformative finance development, namely "three combinations," including policy guidance and market driving, standard leadership and innovative driving, and risk prevention and development promotion. It proposes building a pilot application system for transformative financial standards featuring "1+1+N" structure, i.e., focusing on piloting one steel industry standard and one chemical group standard, and gradually promoting the pilot applications of coal-electricity, building materials, transportation, and maritime standards for multiple key industries.

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