Liangjiang boasts typical case in beautiful Chongqing construction

The Green and Low-Carbon Development Facilitated by Climate Investment and Financing program initiated by Liangjiang New Area has been selected as a typical case for the Beautiful Chongqing Construction Initiative.

In August 2022, the national climate investment and financing pilot project officially landed in Liangjiang. In the same month, six departments of the central government jointly issued the overall plan for the construction of Chongqing's green finance reform demonstration zone. This made Liangjiang New Area a core area of this green finance project.

To effectively address issues such as difficulties in corporate financing and access to financing information, Liangjiang New Area has innovatively established a climate investment and financing exchange platform that integrates multiple functions and enables tripartite communication and connection among governments, banks, and enterprises.

So far, the platform has registered 14,886 companies and attracted 19 financial institutions. It has facilitated financing for 30 projects with a proposed credit amount of 12.98 billion yuan ($1.81 billion).

The new area has also established the climate change pilot alliance in collaboration with several other pilot cities. Currently, memorandums on climate investment and financing cooperation have been signed with Sichuan Tianfu New Area and XiXian New Area.