Organized by Shanghai University of Finance and Economics, the 10th (2022) International Symposium of Shanghai Institute of International Finance Center (SIIFC) was held online on May 29th. Attending experts had discussions on the "carbon peak goal by 2030 and carbon neutrality goal by 2060".
Ma Jun, director of the Green Finance Committee of China Society for Finance & Banking, introduced the latest progress of the international cooperation mechanism on sustainable finance -- a roadmap had been developed and released. According to the roadmap, first, it is explicitly proposed to enhance comparability and consistency of sustainable finance standards; second, importance shall be attached on promoting the establishment of the International Sustainability Standards Board; third, attention shall be paid to the cost of information disclosure in relation to financial technology boosting SMEs; fourth, a financial framework for transformation shall be established, in particular sustainable finance shall cover the biodiversity requirement. Ding Hui from the Department of Climate Change of the Ministry of Ecology and Environment, pointed out that a sustained and strong policy environment should be created by fostering and developing the financial market, all kinds of small closed markets and self-circulation should be eliminated and the relations between finance, productivity and economic growth should be well balanced.