SDG Finance in China | 2019 July

1. 2019 Summer Davos Forum was held in China

The 2019 Summer Davos Forum was held from July 1st to 3rd in China. Green finance professors advised promoting the liberalization of interest rates, development of small and medium enterprises, and the innovation of green finance products globally.

2. 2019 Inclusive Finance Summit was held in Beijing

Recently in Beijing, the 2019 Inclusive Finance Summit was jointly held by Xinhua News Agency, China Economic Information Agency (CEIS), China Construction Bank (CCB), and PingAn Puhui, on the theme of "Innovative Supply & Convergent Development".

3. The financing cost of SMEs dropped and the financing efficiency soared in 2019 Q1

Data from CCB shows that the financing cost of China’s small & micro enterprises (SMEs) continued to drop in 2019 Q1 and the financing efficiency soared to 199.36 points, 37.99 points higher than last quarter. China is working to accelerate its inclusive finance progress.

4. China issued 131.6 billion RMB green bond in the first half of 2019

According to the latest report of Lianhe Credit Rating, the green bond market in China grew rapidly in the first half of 2019, with 84 issues of green bonds and a total issuance size of 131.6 billion RMB, showing a marked increase over the same period in 2018 (48 issues, 84.4b RMB).

5. The first Sustainable Finance Forum for dialogues and exchanges between the industry and the academia was held in Shenzhen

The first Sustainable Finance Forum for dialogues and exchanges between the industry and the academia was recently held at Shenzhen Finance Institute. President of China Emission Exchange noted that CEE will launch Shenzhen green bond standard next year and establish a green finance service lab with UNEP in Shenzhen in October this year.   

6. The Chinese Ministry of Agriculture and Rural Affairs issued Notice on Financial Policies in Support of the Agriculture

The Chinese Ministry of Agriculture and Rural Affairs (MARA) recently issued Notice on Financial Policies in Support of the Agriculture, proposing the request of a replicable, promotable, and desirable financial model to better serve the #ruralmodernization construction.

7. China Banking and Insurance Regulatory Commission issued Notice on Further Standardizing and Improving the Management of Poverty Alleviation Microfinance

The China Banking and Insurance Regulatory Commission (CBIRC) recently issued Notice on Further Standardizing and Improving the Management of Poverty Alleviation Microfinance, addressing the importance of "standardization" and "riskprevention" in inclusive finance.

8. Enqi Autism Education Platform raised 30 million RMB in autism rehabilitation investment

Enqi Autism Education Platform is a platform specialized in the rehabilitation of autism children. On July 23, it announced 30 million RMB in Series A funding led by EH Capital Partners, with participation from Insight Capital. The platform planned to invest the money in two areas: the first is the overall development of three business segment which are the Internet, Teacher Training and Chain Operation and building a technological rehabilitation service platform; the second is supporting the specialized improvement and development of SMEs and bringing in more talents domestically and internationally.