A Study on Carbon Financing Innovation of Financial Institutions in China

Abstract

This paper is sponsored by Humanities and social sciences research project of Shandong Provincial Department of Education through " Risk Management of Dynamic Asset Allocation in Insurance Company " (Award Number J11WG16) and the project of "The research on improving cultural " soft power " of the financial industry in Shandong province based on internet finance " from Shandong Provincial Department of culture. The full text of this report may be reused under the condition of an acknowledgement and a correct reference to this publication. Abstract In the past few years, commercial banks and other financial institutions have devoted to the development of financial products and financial services innovation, which becomes a new bright spot in the development of international financial market. It provides a huge space for developing carbon finance system. Chinese low-carbon economy has made considerable progress, but the development remains at a relatively early stage. This paper presents several bottlenecks of involvement in carbon finance of Chinese financial institutions, the establishment of a carbon credit trading platform, strengthening the impact of financial institutions as fund agent and trading agent and promoting the innovation of carbon financial products.