The green finance challenge facing Chinas banks

Chinas commercial banks and policy banks have assets with longer durations than their global peers, increasing potential climate-change risks he said. Lack of climate information disclosureAn important foundation for climate stress tests is the disclosure of consistent, high-quality climate information. The PBOC recently started an environmental information disclosure pilot programme involving 13 banks in the Guangdong-Hong Kong-Macao Greater Bay Area. Starting in March 2022, pilot-programme banks will be required to submit an annual environmental information disclosure report for the previous year. The PBOCs Ma suggested that regulators should introduce mandatory environmental information disclosure requirements for listed companies as soon as possible.