Value of green credit in China 2013-2021
In 2021, the value of green loans on the balance sheets of Chinese banks amounted to almost 16 trillion yuan, an 33 percent increase compared to the previous year. Although other types of banking institutions have high growth rates, based on absolute growth banking under the direct control of the state was the main driver of green financial products, which is in line with broader trends in the industry. For instance, state-owned enterprises were also the leading contributor to the growth of green bond issuance.