The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
China Green Finance Awards

Green bank of the year 2021

Agricultural Bank of China

Gu Shu, ABC.jpg
Gu Shu, Agricultural Bank of China

China’s president Xi Jinping has made the country’s carbon ambitions clear: to hit peak carbon dioxide emissions before 2030 and become carbon neutral by 2060. China’s banks are also doing their part and putting capital to work.

By the end of 2020, outstanding green loans in China grew 3.5% to almost Rmb12 trillion ($1.9 trillion), the largest in the world. Agricultural Bank of China, the third-largest bank in the country by assets, has the highest percentage of green loans on its book: about 10% of its total credit, or Rmb1.5 trillion of loans, is labeled green.

The bank’s green lending jumped 27% in 2020, far above the industry average. This growth was largely thanks to the bank’s increasing focus on green finance, as it identified six key green industries to support and applied green lending targets for over 50 industries. ABC also actively funded M&As of green companies, providing them with more than Rmb6 billion in credit.

The bank is a member of the Yangtze Ecological Environment Protection Alliance, an organization founded in 2019 and chaired by China Three Gorges Corp – the country’s biggest new energy conglomerate.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree