PBoC to score largest banks’ green finance efforts
Chinese central bank aims to spur growth in environmental investing
The People’s Bank of China will start assessing major financial institutions’ environmental investments in a bid to increase green finance, it announced on June 9.
The assessments will consist of both quantitative and qualitative indicators, with a weight of 80% and 20%, the PBoC said in a statement. A total of 80% of banks’ final assessment on green factors will be determined by quantitative indicators, with 20% resting on qualitative indicators.
The PBoC did not specify how the scores will
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