Central bank: mitigating financial risks from climate change

China’s central bank wants to pay more attention to the negative impact of climate change on financial stability and invest a larger part of its foreign exchange reserves in green bonds in the future. This was said by the Chinese central bank president, Yi Gang, in a speech at the Boao Forum. China could accordingly invest in EU green bonds, which are to be launched in the autumn to the tune of €250 billion, and finance part of the EU’s COVID Fund.