China’s $6.8 Trillion Green Finance Boom Seen Advancing Further

Growth in China’s green finance sector has accelerated over the past decade and balances now total about $6.8 trillion, according to a former adviser to the nation’s central bank.

The value of outstanding green financing — covering green bonds, loans, and equities — has jumped from around $1 trillion in 2015, said Ma Jun, founder and president of the Beijing-based Institute of Finance and Sustainability and a former member of the monetary policy committee of the People’s Bank of China.