Zheng Yang, chairman of Pudong Development Bank, suggested that the incentive mechanism such as tax reduction and interest discount should be continuously improved.

[Pudong Development Bank Chairman Zheng Yang: proposal to continuously improve tax reduction, interest discount and other incentive mechanisms] with regard to the development of green finance, Zheng Yang, chairman of Pudong Development Bank, put forward three suggestions at the 14th Lujiazui Forum today. first, it is necessary to strengthen international cooperation under the multilateral framework and form an internationally unified standard system of green finance and transitional finance as soon as possible. The second is to strengthen policy guidance, to propose from the government level to continuously improve the incentive mechanism for tax reduction and interest discount, and the third is to firmly establish the concept of green development and enhance the service capacity of financial institutions. we should continue to strengthen the innovation of financial products such as green credit, green bonds, green insurance, green leasing, carbon finance, and sustainable development-linked bonds. (Xu Chuan, reporter of the Financial Associated Press)