Green finance has great potential in supporting environmental improvement, coping with climate change and saving and efficient use of resources. In recent years, Chongqing has always adhered to the concept of "two mountains", focused on developing green finance, established a "Yangtze River Green Financing" green financial big data integrated service system, promoted a long-term mechanism for the docking of government, banks and enterprises, and built a green development system. With the implementation of innovative reform measures, economic benefits and ecological benefits have gradually become prominent.
"The crops in the field are not growing well, and the villagers rely on the mountains to eat mountains and stare at the trees on the mountains." Talking about previous years’ experience, Xie Changlin, a villager from Hongan Village, Lantian Township, Chengkou County, Chongqing, shook his head.
Seeing the environment getting worse day by day, the government decided to carry out ecological relocation. But there is no money in hand, how can you move out? After learning the situation, Chongqing Rural Commercial Bank developed a new mode of rural property mortgage financing after investigation, and handled "beautiful countryside Housing Loan" for local farmers. With money, farmers transform and decorate their houses, and some people also open farmhouses to attract summer tourists around them and have a tourist meal at their doorstep.
From the declaration and creation in early 2019 to the final approval of the green financial reform and innovation pilot zone in August this year, Chongqing’s green development has continuously taken new steps. By the end of September 2022, the balance of green loans in the city reached 497.233 billion yuan, 2.8 times that of the beginning of 2019, up 40.2% year-on-year, 32.5 percentage points higher than the growth rate of various loans in the city; Green loans accounted for nearly 10% of the balance of various loans, a significant increase of 4.5 percentage points compared with the beginning of 2019; The balance of green bonds exceeded 35.7 billion yuan, 2.7 times that of the beginning of 2019.
Look at the benefits — —
Inclusive effect, green finance and ecological civilization blend and help each other
From garbage incineration power generation to sewage treatment, from comprehensive improvement of waterfront coastline to energy-saving and environmental protection transformation, from green transportation industry credit to beautiful countryside housing credit support & HELIP; … In recent years, green finance has become the key development direction of major banks in Chongqing.
Fengdu County, located in the hinterland of the Three Gorges reservoir area, is rich in wind energy resources and attracts many wind power projects. The outstanding characteristics of green projects are long term and low income, especially the need for long-term credit funds. "I didn’t pay much attention to wind power a few years ago. With the development of green finance, banks are now rushing to invest. Green finance means quality assets for our bank. " The relevant person in charge of Chongqing Rural Commercial Bank Company told the reporter.
In Lianhuashan Wind Farm in Fengdu County, a fan stands on the rolling hills, and the long fan blades are constantly turning. At the beginning of this year, the third-phase wind power project of Lianhuashan and Wudongyan invested by Chongqing Rural Commercial Bank started construction. It is planned to be connected to the grid for power generation by the end of this year, with a total installed capacity of 80,000 kilowatts and a total investment of 600 million yuan. It is estimated that the annual power generation will be 160 million kWh, which can supply green power energy to 80,000 households every year, save 47,000 tons of standard coal and reduce carbon dioxide emissions by 123,000 tons.
"We will persist in developing clean energy and build Fengdu into a ‘ Green battery ’ 。” Deng Qinghua, director of the Development and Reform Commission of Fengdu County, told reporters that with the support of green finance, Fengdu will attract investment to introduce a number of clean energy projects, continuously optimize the energy supply structure, and strive to build a clean energy demonstration base in Chongqing by 2035.
Look at the practice — —
Form a mechanism to solve the problem of project identification
"It’s hard to imagine that we were still worried about project funds last year." Standing in the ecological tea garden in Dingshi Town, Youyang Tujia and Miao Autonomous County, Luo Li, the project leader, was filled with emotion. In April, 2021, the project was still in the stage of development and construction, with a large initial investment, and "poor money" became an insurmountable hurdle. Just when there was nothing to do, Chongqing Bank took the initiative to find the door and provided credit support.
"Identifying green projects is not an easy job. In the past, several indicators needed to be identified manually, which was very inefficient. " Tian Pan, the account manager of Chongqing Bank, told the reporter, "Now there is ‘ Yangtze River Lvrongtong ’ The system can automatically calculate the environmental benefits of the project, and the efficiency is greatly improved. The ecological tea garden project was pushed to us by the system. "
The "Yangtze River Green Financing" in Tian Pankou is a green financial big data comprehensive service system created by Chongqing Business Management Department of China People’s Bank. "We work with the Municipal Development and Reform Commission and the Municipal Bureau of Ecology and Environment to formulate the evaluation criteria for green projects (enterprises). Based on this, we embed the intelligent identification function of green financial standards in the system and release the identified green financing demand information to financial institutions in a timely manner." Han Xintao, deputy director of the Financial Research Department of Chongqing Business Management Department of China People’s Bank, told the reporter, "With this system, in the past, enterprises were looking for banks, and now banks are looking for enterprises."
At present, the "Yangtze River Green Financing" system has been connected to all branches under the jurisdiction of Chongqing Business Management Department of the People’s Bank of China and some district and county governments, and connected to nearly 100 financial institutions, helping the city to form a long-term mechanism of "government recommended projects+green smart identification+system push projects+independent docking of banks". By the end of September, 2022, the system had collected and launched 1,860 green projects (enterprises) at the municipal, district and county levels, among which nearly 1,000 projects were successfully connected with banks.
Look at development — —
Transformation and upgrading, building a green development system
"I didn’t expect that pollution rights can also be loaned, and the interest rate is more favorable than general loans." After successfully obtaining the pledge loan of 100 million yuan from Chongqing Bank for emission rights, the relevant person in charge of Chongqing International Composite Materials Co., Ltd. (hereinafter referred to as "International Composite Materials") could not help feeling.
International composite materials is a "green factory" in the glass fiber industry assessed by the Ministry of Industry and Information Technology. By introducing advanced waste treatment technologies at home and abroad, pollutants are effectively controlled. After learning that the enterprise has the capital demand to expand the scale of production and operation, the credit staff of Chongqing Bank took the initiative to come to the door to match the emission pledge loan product, which changed the emission right of the enterprise from a "sleeping asset" to a "flowing fund", promoted the enterprise’s energy conservation and emission reduction, and helped improve the ecological environment.
"The specific connotation of green finance in different regions should be combined with the actual situation of local industries." Huang Yingjun, a professor at the School of Economics and Business Administration of Chongqing University, believes that "Chongqing is one of the six old industrial bases in China, facing the pressure of transformation and upgrading of traditional industries, and always emphasizes promoting the coordinated development of green industries and green finance."
In recent years, Chongqing has made great efforts to innovate mechanisms to promote financial institutions to accelerate the "low-carbon" allocation of financial resources, promote the rapid growth of the scale of green finance, and help the real economy accelerate the green transformation.
Relying on self-regulatory organizations in the financial industry, Chongqing advocates financial institutions to disclose environmental information from the perspectives of green financial development plan, green loan investment and carbon emission reduction generated by loans. In 2022, 75 financial institutions in the city disclosed the annual environmental information in 2021, among which 30 institutions added green project loans in 2021 with an average carbon emission reduction of 489,800 tons. At the same time, the data of green loans, green bonds, green financial leases and green bills of financial institutions are collected monthly, and a green performance evaluation table is generated according to the requirements of the Green Finance Evaluation Plan for Banking Financial Institutions of the People’s Bank of China, which is included in the rating of financial institutions of the central bank, and a total of 2 billion yuan of "green easy loans" and 5 billion yuan of "green ticket pass" rediscount tools are provided to encourage them to increase capital investment in green projects.
A steady stream of financial living water is constantly helping Chongqing’s industrial transformation and upgrading — — In Chongqing Liangjiang New District, relying on the mature automobile industry system with an annual output of nearly one million units, explore the development of automobile green supply chain finance; In Nan ‘an District, Guangyang Island Zhichuang Eco-city will carry out the construction of financial support zero-carbon demonstration zone; In Wanzhou District, carry out the product innovation of financial support for ecological agriculture and recreational tourism … …
"In the future, Chongqing will continue to promote supply-side structural reforms and upgrade traditional manufacturing industries. Green transformation is imperative and green finance has a broad space for development." Huang Yingjun told reporters.