Abstract:
China has made a preliminary achievement in the construction of green securities infrastructure, the variety and scale of
our products are getting richer and larger. By the end of 2020, the scale of green financing in China has reached about 12 trillion
yuan. However, there is still a gap in top-level design and institutional practice compared with the “leaders” such as the EU and
Japan. Among them, the EU has formed a complete road map to realize the “zero greenhouse gas emission economy”, while Japan
attaches great importance to the internationalization and standardization of green regulations. In order to achieve China’s carbon
peaking and carbon neutrality goals (hereinafter called the “double carbon” goal), this paper suggests that the future development
of green securities should be multi-pronged, carrying out the “double carbon” goal to the top design of rule of law, bringing the
risks related to climate change into the policy framework of financial stability and supervision, giving full play to the financing
potential of green bonds, helping green enterprises to go public and refinance, cultivating green equity market, and building an
efective green fund system.