People's Bank of China official Wang Xin stated that they are actively exploring the feasibility of further expanding the multilateral sustainable finance common classification framework.

On April 21, Wang Xin, director of the Research Bureau of the People's Bank of China, stated at a press conference held by the State Council Information Office that more and more countries are interested in the common classification framework for sustainable finance. The People's Bank of China is also actively exploring the feasibility of further expanding the multilateral sustainable finance common classification framework. "In this way, the multilateral directory provides a reference for multiple countries and regions around the Global to compile local sustainable finance directories, further facilitating cross-border capital flow into the green and low-carbon sectors." Wang Xin pointed out that in the next step, the People's Bank of China will continuously strengthen the standard-setting for green finance and transition finance, optimize the toolbox for green finance policy, better promote the development of financial instruments and services related to green and low-carbon initiatives, and continue to advance high-level opening up of the financial sector and the green low-carbon transformation of the economy.