What's clear is the power banks wield in affecting climate change.

"Getting lenders to choke off money to fossil fuel companies is the next needed move for the industry to address the material risks that the coal, oil and gas industry faces," says Leslie Samuelrich, president at investment advisory firm Green Century Capital Management.

According to Ben Ratner, a senior director at the Environmental Defense Fund who leads the business energy transition team, "alongside reducing overall funding to the fossil fuel industry, banks should use their most powerful tools – like loan eligibility and rates – to incentivize corporate clients to reduce polluting practices like methane emissions and gas flaring, while transitioning to sustainable business models."

Registration is now open for iiBIG’s VIRTUAL Education Finance & Loan Symposium, which will take place online, April 21-22, 2021 (Wednesday & Thursday).

Since the Covid Pandemic prevented us from meeting in-person in 2020, it is nonetheless important to provide a forum for members of the public and private student loan community to meet, learn and network… SOONER than LATER. Thus, we are going VIRTUAL!

The new Biden Administration’s Education Department can be expected to be enacting significant new policies affecting both federal and private student lending. By April, we will be getting a better picture of what to expect. We are adding new speakers with inside information on what can be expected, so that you and your colleagues will be able to discuss how these changes will affect YOU. (Check back often to see updates).

- China was the only major economy in 2020 to achieve positive GDP growth and is likely to experience high economic growth in 2021

- The deferred debt servicing policy will expire at the end of March, but a negative impact on commercial banks asset quality is likely to be minimal

- CBIRC has lowered the requirements for bulk transfer of non-performing assets disposal of non performing assets by commercial banks is likely to accelerate

- The insurance industry has maintained an adequate solvency margin ratio for a long time, and the launch of the Phase II Project of China Risk Oriented Solvency System is likely to bring positive results for the industry

- ESG is increasingly valued in China and 'green finance' is of rising importance

Fitch Bohua