China may be first to cut green loan risk weights after Ma calls for it

Ma Jun, a member of the People’s Bank of China’s monetary policy committee, has come out in favour of altering bank capital rules to give lower risk weights for green assets — which could be a sign the PBoC is close to adopting the policy. He calls on China to lead the way and argues there is evidence green assets are less risky.

  • By Jon Hay
  • 15 Nov 2018

Ma’s statement will carry weight because he is an influential figure in green finance. As chief economist at the PBoC, he was centrally involved in developing the Guidelines for Establishing the Green Financial System, a huge raft of policies adopted by seven Chinese ministries and regulators in 2016.

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Global Green Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 8,427.33 48 6.19%
2 Bank of America Merrill Lynch 8,206.08 42 6.03%
3 HSBC 7,889.48 51 5.80%
4 BNP Paribas 7,346.53 38 5.40%
5 Citi 6,610.08 39 4.86%