There is an action guide for the development of green finance in Guangdong. On July 13, the website of the provincial government released the implementation plan of Guangdong Province to develop green finance to support carbon peak. The plan proposes to coordinate the development and security of green finance in the province, explore new modes and new paths of green and low-carbon investment and financing, and provide solid financial support for green development and economic transformation in Guangdong. Guangdong strives to basically establish a green financial service system suitable for carbon peak by 2025, basically improve the green financial standards in key areas, and continuously improve the risk control system. The province has set up 40 green franchise institutions, the growth rate of green loan balance is not lower than that of various loan balances, the scale of direct financing has expanded steadily, and the issuance scale of credit green bonds and green financial bonds has quadrupled compared with 2020. Green insurance has fully and deeply participated in climate and environmental risk management, and has provided a total of more than 300billion yuan of risk protection. By 2030, the green financial service system will continue to be optimized, green credit will account for about 10% of the total loan balance, diversified green financial products and derivatives will continue to be innovated and enriched, the value realization and trading system of ecological products will continue to be improved, and the carbon financial market will operate effectively; Support the smooth realization of our province's carbon peak goal by 2030. The plan strengthens the leading and regional coordination, and proposes to give full play to the radiation and driving role of Guangzhou and Shenzhen in the field of green finance, combine the regional development pattern and adjust measures to local conditions, and comprehensively promote the innovative development of green finance in the Pearl River Delta, the northern Ecological Development Zone and the coastal economic belt. In terms of improving the construction of green financial system, the plan proposes five measures, including improving the green financial organization system, enriching the green financial product system, accelerating the cultivation of green financial intermediary service system, improving the construction of green financial infrastructure and promoting the green transformation of financial institutions. The relevant person in charge of Industrial Bank Guangzhou Branch believes that this move can effectively improve the service capacity of green finance and build a solid green financial service system from multiple dimensions and all directions. (Xinhua News Agency)