布莱恩·佩斯科：以协同与透明推动全球转型金融发展 | 聚焦ICMA中国可持续金融发展论坛

Group 1 - In 2025, China demonstrates a strong commitment to green transformation and climate resilience in the sustainable finance sector, with an expanding regulatory framework and a national carbon market that now includes high-emission industries like steel and cement [1] - China is deepening international cooperation in sustainable finance standards with ASEAN and the EU, promoting interoperability of the "Common Ground Taxonomy" to provide a "Chinese solution" for global green finance standard coordination [1] - The International Capital Market Association (ICMA) hosted a Sustainable Finance Development Forum in Shanghai, gathering leaders and experts to discuss themes such as green transition, sustainable bonds, and alignment with international standards [3] Group 2 - ICMA CEO Bryan Pascoe highlighted that global sustainable finance is entering a new phase driven by cooperation, coordination, and transparency, with China playing an increasingly important leading role [5] - Transition finance is still in a growth phase, facing significant challenges, with notable differences in path selection across regions; Asia's reliance on fossil fuels necessitates a focus on "just transition" to ensure social equity during the shift [7] - The "Common Ground Taxonomy" exemplifies effective collaboration among China, the EU, and Singapore, providing a common language for defining "green activities" [7] Group 3 - ICMA plans to release new guidance at its annual principles meeting in Tokyo to help issuers align sustainable bonds with corporate transition strategies, citing Japan's experience with sovereign green bonds as a model for other countries [8] - Pascoe praised China's issuance of offshore green bonds based on ICMA's Green Bond Principles, noting that this approach enhances international market attention and provides a pricing benchmark [10] - The issuance of sovereign green bonds signifies China's commitment to its green finance framework, boosting market confidence and pricing mechanisms [10] Group 4 - ICMA aims to maintain close communication with China's Ministry of Finance and key regulatory bodies to promote alignment of green and sustainable finance standards, facilitating cross-border financing and market connectivity [10] - China's bond market is the second largest globally, and its innovations in green financial products are having a profound impact on international capital markets [10] - Asia, particularly China, is playing an increasingly critical role in shaping the global sustainable finance landscape, with hopes for further unification in classification standards, disclosure, and transition financing [10] Group 5 - ICMA's goal is to reduce discrepancies in frameworks, classifications, and disclosure standards to enhance market depth and resilience, ultimately establishing a more robust, inclusive, and sustainable global financial system [11]