Dr. Ma Jun, Chairman of CASI recently participated in two pivotal events aimed at advancing green and sustainable finance. These engagements underscored the vital role of cross-border collaboration in addressing global environmental challenges.
Fireside Chat at the 2025 AFCA Financial Summit Forum
On August 25, Dr. Ma joined Dr. Csaba Kandrács, Deputy Governor of the Central Bank of Hungary (MNB), for a fireside chat at the 2025 AFCA Financial Summit Forum. This dialogue marked their second public discussion on green finance development, following a prior meeting in Budapest two years ago.
During the discussion, Dr. Ma outlined three core pillars driving China’s renewable energy growth over the past decade:
- Policy Certainty: Creating a stable regulatory environment has spurred rapid growth in renewable energy demand and supply.
- Technological Scaling: Cost reductions achieved through scaling have made renewable energy solutions more accessible.
- Green Finance Innovation: Financial tools have improved the bankability of renewable energy projects, enabling further expansion.
Dr. Ma highlighted China’s remarkable achievements in renewable energy, including contributing to 50% of global renewable power capacity installations, 60% of global electric vehicle (EV) production, and over 70% of global battery production.
He also emphasized the potential for EU-China collaboration in green finance, expressing optimism about resolving challenges such as EV tariffs and fostering Chinese investment in Europe’s green technology sectors. “As the world’s two largest green economies, deeper cooperation could accelerate global decarbonization efforts,” Dr. Ma stated.
CASI Co-Hosts the CASI-MNB Symposium
On August 27, CASI co-hosted the CASI-MNB Symposium alongside the Central Bank of Hungary. The event, themed “Extracting the Potentials of Sustainable Finance by Extending Incentives and Lowering Systemic Risks,” brought together around 60 participants, including representatives from MNB, European and Central Asian financial regulators, and leading financial institutions.
A key highlight of the symposium was MNB’s Green Preferential Capital Requirement (GPCR) policy. This initiative reduces capital requirements for green assets, such as renewable energy projects and green mortgages, effectively lowering funding costs for green lending. Dr. Ma noted the alignment between GPCR and China’s Carbon Reduction Re-lending Facility, often described as a “decarbonization facility.” Both policies exemplify innovative approaches to incentivize sustainable finance.
Other critical topics discussed at the symposium included:
- Managing risks associated with green assets.
- Practical application of green taxonomies.
- Cross-jurisdictional taxonomy interoperability.
- Capacity building for sustainable finance.
Dr. Ma shared updates on CASI’s progress and expressed a commitment to working with MNB to strengthen sustainable finance capacity across Central and Eastern Europe.
Outlook
Dr. Ma expressed his appreciation to Dr. Kandrács, MNB, AFCA, and all participants for making the events successful. “These discussions reaffirm the importance of international cooperation in addressing climate challenges and promoting sustainable finance innovation,” he concluded.
As global leaders in green finance, CASI and MNB continue to set a high standard for cross-border collaboration, presenting opportunities to build a more sustainable financial ecosystem worldwide.
