Core Viewpoint - The forum emphasized the importance of sustainable finance as a core resource for sustainable development and highlighted the need for a comprehensive transformation of the financial system to support high-quality development [1][2]. Group 1: Sustainable Finance Development - The construction of a sustainable financial system is crucial for high-quality financial service development, representing an evolution from traditional finance [1]. - The financial system's transformation includes goals, service expansion, system improvement, and innovation in financial theory [1]. - Shanghai is positioned as a key platform for developing China's sustainable financial system, enhancing innovation and international competitiveness [1]. Group 2: Financial Inclusion and Green Finance - By the end of 2024, the balance of inclusive loans for small and micro enterprises in Shanghai is projected to reach 1.29 trillion yuan, a 14% year-on-year increase [2]. - Green loans in Shanghai are expected to grow by 20.7% year-on-year by the end of 2024, playing a vital role in achieving carbon neutrality goals [2]. - Shanghai is actively developing standards and innovative products in the ESG field, improving the quality of sustainable development disclosures [2]. Group 3: Technological Innovation in Financing - The CEO of Ant Group highlighted that direct financing supported by new technologies can effectively disperse risks compared to traditional indirect financing [3]. - Innovations such as RWA and blockchain technology can enhance asset transparency and reduce financing risks, particularly in renewable energy sectors [3]. - This model can stimulate large-scale financing needs and encourage banks to transition towards transaction banking, creating a win-win scenario [3]. Group 4: Banking Sector's Role in Sustainability - The Deputy General Manager of Shanghai Pudong Development Bank emphasized the importance of balancing external requirements with internal development drivers in fulfilling social responsibilities [4]. - The relationship between economic value and diverse social values is crucial, with inclusive finance contributing to a balanced customer ecosystem [4]. - The President of Krung Thai Bank shared their approach to developing innovative financial products to address climate change and support the sustainable development of small and micro enterprises [4].