China’s Green Debt Pioneer Says Transition Market Is Bigger (1)

A new kind of environmentally focused investment — known as transition finance — is poised for a boom in China that will dwarf its 25 trillion yuan ($3.6 trillion) green debt market.

That’s the prediction of Ma Jun, a former member of the monetary policy committee at the People’s Bank of China who drafted the country’s first green finance guidelines in 2015.

Ma Jun

Photographer: Christophe Morin/Bloomberg

“The pure green sector is probably only 10% of GDP currently, the non-green sector theoretically is 90% of GDP,” Ma said in an interview. He is now president of the Hong Kong Green Finance Association. “The ...