Core Viewpoint - The People's Bank of China emphasizes the importance of green service trade as a key driver for global economic growth and structural adjustment, focusing on the development of a green low-carbon supply chain and various green technologies and services [3][4]. Group 1: Policy and Standards - In February 2024, the People's Bank of China, in collaboration with the National Development and Reform Commission, will release the "Guidance Directory for Green Low-Carbon Transition Industries (2024 Edition)," which aims to clarify green trade recognition and reduce tariffs and non-tariff barriers [4]. - In March 2024, the People's Bank will introduce further guidelines to enhance financial support for green low-carbon development, emphasizing the need for improved supply chain financial infrastructure [4]. - The "Green Financial Support Project Directory (2025 Edition)" was released in June 2023, marking the first inclusion of green trade within the scope of green financial support, covering the entire production-consumption chain [4][5]. Group 2: Financial Products and Tools - Financial institutions are actively supporting green trade development through various financial products, including green credit, green bonds, and green equity funds [6]. - For instance, China Merchants Energy received a transformation loan of 273 million yuan from the Bank of Communications, demonstrating the application of green credit in the shipping industry [6]. - The issuance of green and blue bonds by China Shipbuilding (Hong Kong) Leasing Company supports low-carbon technology research and development in the shipping sector [6]. Group 3: International Cooperation - The People's Bank of China is focusing on enhancing sustainable financial cooperation with economies that have strong economic complementarity and trade ties with China, promoting green trade development [5]. - A joint "Multilateral Sustainable Finance Common Classification Directory" was released with the EU and Singapore, facilitating green trade and related investment and financing development [5]. Group 4: Future Directions - The People's Bank of China plans to continue promoting the application of green finance and transition finance standards, encouraging innovative financing methods [7]. - There will be an emphasis on reducing financing thresholds and costs for light-asset green service trade enterprises, which often lack substantial collateral [7]. - The bank aims to enhance the issuance of green financial products in global markets, providing more Chinese green assets to global investors [7].

Core Viewpoint - The development of green service trade is a significant driver for global economic growth and structural adjustment, focusing on both the green transformation of traditional service trade and the digital delivery of inherently green low-carbon services [2] Group 1: Financial Support for Green Service Trade - The People's Bank of China emphasizes the importance of financial tools such as green credit, green bonds, and green equity funds in empowering the development of green service trade [3] - Examples include green credit supporting carbon reduction in the shipping industry, with a notable loan of 273 million yuan provided to COSCO Shipping Energy for transformation [3] - Green bonds are being issued to support low-carbon technology research and application in shipping, with the issuance of blue bonds by China Shipbuilding (Hong Kong) Leasing Company aimed at enhancing energy efficiency and sustainable transport [3] Group 2: Future Directions for Financial Support - The People's Bank of China plans to focus on promoting the application of green finance and transformation finance standards, supporting innovative financing methods such as credit, bonds, and equity [4] - Financial institutions are encouraged to increase financing support for production service sectors like research and design, logistics operations, and carbon emission certification, thereby reducing financing barriers for light-asset green service trade enterprises [4] - There is a push to support the issuance of green financial products in global markets, providing more Chinese green assets to global investors [4]

Core Viewpoint - The People's Bank of China is leveraging green financial tools such as green credit, green bonds, and green equity funds to empower the development of green service trade [1][2]. Group 1: Importance of Green Service Trade - Green service trade is becoming a significant driver of global economic growth and structural adjustment, focusing on the green transformation of traditional service trade and the development of digital delivery services with low-carbon characteristics [2]. - The development of emerging service industries, such as carbon emission certification and carbon finance, is reshaping global production and consumption networks, significantly impacting high-quality international economic and trade development [2]. Group 2: Financial Tools Supporting Green Service Trade - Green credit is being utilized to support shipping service entities in reducing carbon emissions, exemplified by a 273 million yuan transformation loan provided to COSCO Shipping Energy by the Bank of Communications [2][3]. - Green bonds are facilitating the research and application of low-carbon technologies in shipping, with companies like China Shipbuilding (Hong Kong) issuing green and blue bonds to support energy efficiency upgrades and sustainable transportation [3]. - Green shipping funds and equity financing are providing medium to long-term funding for green service trade projects, addressing funding challenges and mitigating risks during the green transition in the shipping industry [3]. Group 3: Future Directions for Support - The People's Bank of China will focus on promoting the application of green finance and transition finance standards, supporting innovative financing methods such as credit, bonds, and equity [4]. - Financial institutions are encouraged to increase financing support for productive service sectors, including research and design, logistics operations, and waste resource recovery, thereby lowering financing thresholds and costs for asset-light green service trade enterprises [4]. - There is a commitment to support the issuance of green financial products in global markets, providing more Chinese green assets to global investors and enhancing the innovative development of green service trade through the opening of the financial sector [4].