Blue Finance Development in Shandong Province, People’s Republic of China
Publication | April 2024
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This brief shows how mainstreaming blue finance hinges on developing a solid regulatory framework that drives investment toward bankable marine-based projects and analyzes how to expand the sector in the People’s Republic of China (PRC).
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The brief details why blue finance is falling short of expectations. In the PRC, it argues the sector is impacted by a lack of national standards, low investor awareness, and insufficient projects. It explains how ADB worked in Shandong Province to integrate a blue finance taxonomy into commercial banks to help strengthen the sector and attract the capital needed to develop sustainable, marine-based economies.
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