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The green finance challenge facing China's banks

Many institutions unware of the climate risks to their assets, say experts

The vast majority of Chinese financial institutions lack knowledge of climate risks and the opportunities of carbon finance, requiring deeper internal talent pools and greater capacity for acquiring external data, industry experts say.    © Reuters

China's plan to dramatically reduce greenhouse gas emissions over the next four decades will put increasing pressure on a financial system that isn't ready, according to top industry regulators and banking experts.

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