PHOTO: REUTERS[BEIJING] Growth in China’s green finance sector has accelerated over the past decade and the balances now total about US$6.8 trillion, said a former adviser to the nation’s central bank. “By far, this is the largest green finance system in the world,” he noted on Wednesday (Jan 28), speaking at a United Nations Environment Programme Finance Initiative online event. China had a record US$140.6 billion in green bond issuance in 2025, based on data compiled by Bloomberg Intelligence. The advance of green finance in China is spurred by a growing body of dozens of national policies supporting the sector. In October, the PBOC and the country’s financial regulators released a new project catalogue to standardise the rules across green finance products.