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China to require financial institutions to move towards green finance – central bank governor

China to require financial institutions to move towards green finance - central bank governor 1

BOAO, China (Reuters) – There are still some problems in China’s green finance development and the central bank will require financial institutions to make transitions towards green finance, central bank governor Yi Gang told the Boao Forum on Tuesday.

China will expand financial sector opening and expand business scopes for foreign financial institutions, Yi said.

(Reporting by Kevin Yao; Editing by Andrew Heavens

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