Nanfang Plus: GDD launches China's first green asset assessment system

Guangzhou Development District launched China's first green asset assessment system on April 27, which allows for credit enhancement, investment and financing of intangible green assets.

Under the assessment system, Angang Lianzhong Stainless Steel, Xiongchuan Hydrogen Energy Technology and Jiakang Group signed credit agreements with the GDD branches of the Industrial and Commercial Bank of China, China Construction Bank and Industrial Bank respectively that day, obtaining a total of 120 million yuan ($18.5 million) of financing. 

GDD launches China's first green asset assessment system on April 27. [Photo/Nanfang Plus]

This marked a major step in the Guangdong-Hong Kong-Macao Greater Bay Area's construction of an ecological civilization system. It will help shape the value of green enterprises in the capital market and encourage more social capital to be invested in the sustainable development of the Greater Bay Area, said an executive of the Guangdong Environment Exchange.

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