Futian Government Continuously Supports Sustainable Finance by issuing Grants
In 2018, Futian Government granted RMB 12 million to projects in the fields of FinTech, Technology for Green Finance, Technology for Social Impact Finance. Mr. Jie He, Director of Shenzhen Municipal Financial Supervision Bureau noted in the recent China (Shenzhen) FinTech Development Forum, green finance and social impact finance are the sub-branches of sustainable finance. It is the first time for the government to include the sustainable finance in the scope of grants and the Futian government will continue to encourage and promote the development of sustainable finance in the future.
In February 2019, The Development Plan for Guangdong-Hong Kong-Macao Greater Bay Area was released, proposing to build an “international technology and innovation hub with global impact”, and “strengthen the cooperation between Guangdong province and Hong Kong in Green Finance and FinTech.” Mr. He suggested, “We should seize this new opportunity to better develop the Great Bay Area.”