Nanning Green Financial Service Center has been set up in Nanning Civic Service Center a few days ago, ready to serve green enterprises. Its establishment is a significant step of Nanning in building a green financial reform and innovation demonstration zone while deepening green financial reform and innovation according to the Party Central Committee and the CPC Guangxi Committee, as well as an important step to advance the city’s green economic development.
In recent years, Nanning has been firm and moving forward in deepening green financial reform and innovation, and has rolled out 45 categories of insurance for green business and introduced insurance capital of nearly 20 billion yuan to support the development of green projects since 2020. Nanning has made great efforts in developing green bonds and introduced a pilot plan for reforming and innovating direct financing. In cooperation with Guangxi Beibu Gulf Equity Exchange Co., Ltd. and other agencies, Nanning has set up a cooperative mechanism for issuing green bonds. From January to May this year, the city’s new direct financing reached 42.486 billion yuan, accounting for 60% of that of Guangxi.