Advocacy Talking Points 29 June 2020
Green Finance Development in China
CFA Institute Webinar
As China actively pursues ecological and sustainable development, green finance serves a core function in the country’s financial ecosystem.
Overview
In August 2016 the People's Bank of China (PBOC) and seven Chinese ministries issued a guidance on building a green financial system. How has China's green finance landscape developed since then? What progress and achievements have been made? What lessons can China's finance professionals learn from international practices and how does China cooperate with other countries in building a green finance and sustainable investment environment?
Through CFA Institute China Live, we invited Dr. Ma Jun, director of the Center for Finance and Development at Tsinghua University, chairman of China Green Finance Committee, and a member of the Monetary Policy Committee of the PBOC, to share a comprehensive analysis of China's green finance landscape and the global green finance practice. In this recorded webinar Dr. Ma, and Rhodri G. Preece, CFA, head of industry research at CFA Institute, speak about the development of green finance in China, environmental information disclosure and data analysis, post-COVID green economic recovery, the Great Bay Green Finance Development, and international cooperation.
Moderator: Iris Wu, CFA, director of institutional partnerships for China at CFA Institute
Watch the Webinar
Duration: 52 min.
Recorded: 29 June 2020.
Presenters
Dr. Ma is the founder and president of Institute of Finance and Sustainability (based in Beijing). He is also the chairman of Green Finance Committee of China Society for Finance and Banking, co-chair of the Steering Committee of the Green Investment Principles for the Belt & Road, and co-chair of the International Platform on Sustainable Finance (IPSF) taxonomy working group.
Previously, Dr Ma was director of the Center for Finance and Development at Tsinghua University. He served as the chief economist at the People’s Bank of China (PBOC)’s Research Bureau and was a member of the central bank’s Macro-Prudential Committee. Before joining the PBOC, he worked at Deutsche Bank, where he was managing director/chief economist/investment strategist for greater China. Prior to that, he worked as a senior economist and economist at the World Bank and the IMF and he was a research fellow at the Development Research Center of China's State Council. Dr. Ma was co-chair of G20 Sustainable Finance Study Group (2016-2022),
Dr. Ma published numerous books and articles on monetary policy, financial market, and green/sustainable finance. He led the drafting of China’s green finance guidelines in 2015-16 and facilitated the global consensus on scaling up green finance under the G20 framework during 2016-18. Over the past decade, he provided advices to policy makers in many areas, including monetary and macro prudential policies, RMB internationalization, green finance, and the Belt & Road initiative.
Dr. Ma received his PhD in Economics from Georgetown University, and his master's degree in Management Science from Fudan University. He has received numerous awards for his research and policy advocacy and was ranked # 1 Asia Economist by Institutional Investor for four years in a row from 2009-2012.
Rhodri Preece is Senior Head, Research for CFA Institute and is responsible for leading the organization’s global research activities and publications, managing the research staff and collaborating with leading investment practitioners and academics. CFA Institute produces the highest-calibre research on issues and topics most relevant to the investment industry, including rigorous in-depth research, forward-looking thought leadership content, applied investment insights, and commentary on trending investment topics.
Rhodri previously served as head of capital markets policy EMEA at CFA Institute, where he was responsible for leading capital markets policy activities in the Europe, Middle East and Africa region, including content development and policy engagement.
Mr Preece is a current member of the PRI Academic Network Advisory Committee, and a former member (2014-2018) of the Group of Economic Advisers of the European Securities and Markets Authority (ESMA) Committee on Economic and Markets Analysis.
Prior to joining CFA Institute, Mr. Preece was a manager at PricewaterhouseCoopers LLP in the investment funds group (2002-2008). He has a BSc and a MSc in Economics and is a CFA charterholder since 2006.
Iris, Director, Institutional Partnerships, China of CFA Institute, has over 16 years in the financial industry. She is responsible for building strategic partnerships across China with key financial institutions and associations.
Prior to CFA Institute, she had ten-year career at Thompson Reuters in Beijing. Before moved back to Beijing, Iris worked in Toronto as a financial analyst in the global equities team at CIBC, and consultant for the York Consulting Group.
Along with her CFA Charter, Iris holds a Bachelor of Science degree from Peking University in Beijing and an MBA from the Schulich School of Business at York University in Toronto.