中国绿色银行业——新兴趋势

The report examines the rapid, top-down expansion of green finance in China, noting that green loans have a lower non-performing loan (NPL) rate (0.42% in 2018) compared to overall credit (1.83%). While the 'Big Four' state-owned banks are global leaders in both green and fossil fuel financing, the report identifies significant barriers to further greening, including weak direct fiscal incentives, deleveraging pressures, and insufficient penalties for high-emission projects. A case study of ICBC highlights its role as a major green lender and issuer of 'Belt and Road' green bonds, though its green portfolio remains small relative to its total assets.

• Green credit in China has shown a steady increase in its share of total credit, rising from 8.8% in 2013 to 10.4% by the end of 2019, with a cumulative total exceeding 10.6 trillion yuan.
• China's 'Big Four' state-owned commercial banks are among the world's largest banks with total assets of 14.8 trillion USD, but they also contributed 240 billion USD to the fossil fuel industry between 2016 and 2019, with 106 billion USD specifically for coal mining and power generation.
• The Industrial and Commercial Bank of China (ICBC) is a leading green finance provider, with a green loan portfolio valued at approximately 199 billion USD in 2019 (8% of its total portfolio) and having issued 9.8 billion USD in offshore green bonds since 2017.
• Several systemic barriers hinder the expansion of green banking in China, including inadequate risk modeling and environmental stress testing, weak direct fiscal incentives, regulatory pressure for deleveraging, and a lack of sufficient penalties for high-emission projects.

APA

Choi, J., Escalante, D., & Larsen, M. L. (2020). 中国绿色银行业——新兴趋势. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2020/08/中国绿色银行业——新兴趋势.pdf

Chicago

Choi, June, Donovan Escalante, and Mathias Lund Larsen. 中国绿色银行业——新兴趋势. Climate Policy Initiative, 2020. https://www.climatepolicyinitiative.org/wp-content/uploads/2020/08/中国绿色银行业——新兴趋势.pdf.

Wikipedia

{{cite report |last1=Choi |first1=June |last2=Escalante |first2=Donovan |last3=Larsen |first3=Mathias Lund |title=中国绿色银行业——新兴趋势 |publisher=Climate Policy Initiative |date=August 2020 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2020/08/中国绿色银行业——新兴趋势.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{choi2020, author = {Choi, June and Escalante, Donovan and Larsen, Mathias Lund}, title = {{中国绿色银行业——新兴趋势}}, institution = {Climate Policy Initiative}, year = {2020}, month = aug, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2020/08/中国绿色银行业——新兴趋势.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }