Green finance in Guanshanhu pilot zone on the rise

The Guanshanhu Modern Service Industry Pilot Zone in Guanshanhu district of Guiyang, capital of Northwest China's Guizhou province, has been ramping up its efforts to develop green finance and empower the development of green industries.

By leveraging the financial enterprises in Guizhou Finance City, the zone has established a multi-level green finance system that includes green credit, green bonds, green funds, green insurance, and other products.

The Guizhou Branch of Shenwan Hongyuan Securities Co, located in Guizhou Finance City, is one of the key enterprises in the pilot zone that is involved in building this system of green finance.

In recent years, the company has focused on the new energy industry and related supporting enterprises, actively engaging in equity investment.

The company has established a green fund with Guizhou Industrial Investment Holding, which has shown highly promising investment returns. Currently, the fund has invested in three companies, one of which has already gone public.

Since the beginning of this year, the pilot zone has attracted 80 financial and related enterprises through targeted recruitment, significantly increasing the added value of the green economy in Guanshanhu.

In addition, efforts have been made to guide green finance to focus on three strategic areas: rural vitalization, big data, and ecology, as well as new-type industrialization, new-type urbanization, agricultural modernization, and tourism industrialization.

There are at present seven projects in the green project database of the pilot zone, including two green production projects, three green living projects, one green civilization project, and one green consumption project.