2024 GSFS | 2024 Greater Bay Area Sustainable Green Finance Summit was grandly inaugurated in Shenzhen!

On October 28, the "2024 Greater Bay Area Sustainable Green Finance Summit" (2024 GSFS) was grandly inaugurated in Shenzhen. The Summit brought together prominent representatives from the global sustainability field, leaders from international organizations related to green finance, heads of leading companies from various industries, and representatives from professional research institutions to discuss the development of sustainable and green finance.

The Summit focused on the central theme of "Green Finance Empowering New Productive Forces." Through keynote speeches, report releases, and Bay Area dialogues, the event delved into how to accelerate the development of sustainable and green finance, providing participants with a platform for co-creation of ideas and resource connections to inspire new insights and opportunities.

Ma Weihua, UNDP SDG Impact Global Steering Group Member, Executive Chairperson of CASVI, emphasized in the opening remarks that, in the face of the current climate crisis and economic challenges, it is essential to increase support for green finance to drive a comprehensive green transition.

During the keynote session, Ye Yanfei, Former First-Class Inspector of China National Financial Regulatory Administration, stated that China has made historic achievements in the development of green finance. He highlighted that further advancing the deep development of green finance requires refining and improving the classification system for green finance.

He Jie, Member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), Deputy Director of the Committee for Central Economic Affairs of Revolutionary Committee of the Chinese Kuomintang, elaborated on the connotation and practices of new productive forces, stressing that innovation is the primary driving force behind development.

Tang Jie, Council Member of The Chinese University of Hong Kong (Shenzhen), Former Deputy Mayor of Shenzhen, pointed out that, in light of the severe global temperature rise, carbon reduction needs to be further integrated with economic development.

Kang Yanbing, Deputy Director of the National Energy Conservation Center, stated that the dual carbon strategy will lead the acceleration of the energy transition revolution, triggering a new round of industrial revolution. It will serve as a powerful force and an important source of new momentum for green transition and the development of new productive forces.

2024 GSFS then proceeded to the Bay Area Dialogue session. Bay Area Dialogue 1: The guests engaged in an in-depth discussion on the current status of green finance and sustainable finance, the challenges they face, and future development paths. They collectively envisioned how financial innovation can drive low-carbon and green transition, emphasizing the importance of building a green finance ecosystem to support the development of new productive forces.

Bay Area Dialogue 2: The guests shared specific practices and the latest progress of transformative finance in their respective fields, using classic cases. They explored the challenges and opportunities facing the Guangdong-Hong Kong-Macau Greater Bay Area in its green and low-carbon transition under the dual carbon framework, and provided suggestions for further promoting low-carbon transformation in the future.

Additionally, 2024 GSFS marked the first release of four research findings, allowing participants to witness cutting-edge insights on green and sustainable finance and to discuss the future development of green finance in the Greater Bay Area.

Article classification: 2024 GSFS