As of June 30, green loan balances in Quzhou, Zhejiang province, hit 182.3 billion yuan ($25.44 billion), marking a year-on-year increase of 26.24 percent.

Green loans now make up 33.50 percent of total loans, the second-highest in the province.

Green finance supports economic activities that enhance the environment, combat climate change, and promote resource efficiency. This includes financial backing for environmental protection, energy efficiency, clean energy, green transportation, and sustainable buildings.

Quzhou's financial institutions are set to continue their green finance mission. They will deepen the carbon account-based transformation finance path, bolster financial support for biodiversity, and explore merging green finance with inclusive finance, driving forward the green finance reform and upgrade in the pilot zone.