On November 10, 2017, China Beijing Environment Exchange and U.S.-China Green Fund held a signing ceremony for strategic cooperation agreement of “China Beijing Environment Exchange and U.S.-China Green Low-carbon Fund”. China Beijing Environment Exchange signed memorandums of cooperation with Huayuanda Electric Power Co., Ltd and GreenCert. This fund will be based in Xiong’an New Area, with expected asset size of RMB10 billion.
According to heads of China Beijing Equity Exchange, this fund will actively synergize various industries of Xiong'an New Area, find projects that are suitable for construction and development of Xiong'an New Area and echo with the investment direction of the fund, help introduce and commercialize green low-carbon technologies, and give full play to national-level demonstration role. The fund will improve China's carbon finance system, further enhance the liquidity in the carbon market, promote the construction of green financial system and the development of green industry, and contribute to establishment and development of green-oriented high-tech industries in Xiong'an New Area.