Chinese analysis considers role of sustainable banking

The first high-level analysis of the state of “sustainable banking” in China has been released by WWF-China, a non-profit environmental organisation, and the People’s Bank of China.

The report focuses on the growing importance of environmental issues and social responsibility within the Chinese financial sector.

The head of the research department of the People’s Bank of China, Zhang Jianhua, told the China Securities Journal: “The banking sector should be more concerned about sustainable development, as our clients often deal with related issues, such as safety regulations and environmental concerns, in their businesses. If one of these factors should cause something to go wrong, not only does it have a direct impact on the quality of [a] loan, but it also seriously affects the reputation of the bank.”

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