In 2014 the Research Bureau of the People’s Bank of China convened a Green Finance Task Force made up of 40 experts from ministries, financial regulators, academics, banks and other financial institutions, complemented by international experts brought together by the UNEP Inquiry to consider the steps that China could take to establish a green financial system. This report is the outcome of this process, and in it the Research Bureau of the People’s Bank of China presents an ambitious framework of recommendations . Pan Gongsheng, Deputy Governor of the People’s Bank of China, states in the forward that “the People’s Bank of China is spearheading the drafting of the 13th Five Year Plan for the reform and development of China’s financial sectorgreen finance will be a key element of this plan”.