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‘Green financial system’ to draw private investment
Author :  Zhang Junrong Source : Chinese Social Sciences Today 2015-02-26
Ma Jun, director at the Center For Eco-Financial Studies at Renmin University of China and Chief Economist at the Research Bureau under the People’s Bank of China, has called for the establishment of a “green financial system“ to fund environmental projects. Ma made the comments on Feb. 9 in Beijing. He predicted that in five years China’s annual investment demand for the environmental sector will be 2 trillion yuan ($0.32 trillion), among which 85 percent to 9o percent will need to be funded by private capital. Through regulatory measures and subsides, the system aims to raise prices and lower investment costs of environmental products, boost the social responsibility of enterprises and attract private investment. The system also aims to change consumer behavior and benefit companies engaged in environmental initiatives.
The Chinese version appeared in Chinese Social Sciences Today, No. 704, February 11, 2015.
The Chinese link: http://sscp.cssn.cn/xkpd/xszx/gn/201502/t20150211_1512923.html
Translated by Du Mei
Revised by Tom Fearon
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