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Guangzhou Daily: Huangpu takes lead in offering green financing guarantees

Updated : 2021-03-19

Guangzhou's Huangpu district has become the first of the national economic development zones to launch a green financing guarantee institution.

The plaque for the Science City (Guangzhou) Green Financing Guarantee was unveiled on March 18, while a ceremony was also held to mark the signing of agreements with banks, cooperative enterprises and service institutions.


Plaque for the Science City (Guangzhou) Green Financing Guarantee is unveiled on March 18. [Photo/Guangzhou Daily]

A wholly-owned subsidiary of SCI Group, the Science City (Guangzhou) Green Financing Guarantee will help medium and small-sized "green" enterprises solve financing problems, with services like a green financing guarantee, intellectual property guarantee, supply chain financing guarantee and policy risk-sharing.

This year, for the first time, the concept of "peaking carbon dioxide emissions" and "carbon neutrality" were written into the government work report during the two sessions, and consequently China's economic, energy and industrial structures are facing a low-carbon transition.

As an important link for investment attraction of inclusive and green finances, financing guarantee companies are of great significance to the transformation and upgrading of enterprises, as well as to China's sustainable development.

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