On August 3, 2022, the GIP working group 3 held a webinar about "Financial Innovation Supporting Green Finance and Transition Finance in Belt and Road regions".

In the opening speech, Dr. MA Jun, Co-chairman of the GIP Steering Committee and Director of the Green Finance Committee of China Society for Finance and Banking, updated the latest transition finance framework; and the international community has reached a consensus on the five key elements of transition finance.

HU Kun, General Manager of the Investment Banking and Asset Management Department of Bank of China, said that green bond market is developing rapidly. Bank of China has positive performance in issuing blue bonds, sustainability-linked bonds and biodiversity bonds.

Experts from the National Association of Financial Market Institutional Investors, Hungarian Ministry of Finance, Bank of China Hungary Branch and the Asian Infrastructure Investment Bank respectively introduced China’s progress and challenges in green, social and sustainable bond market. They also introduced Hungary's progress in green finance, Bank of China Hungary Branch's experience in assisting Chinese and local green enterprises and project financing. The Asian Infrastructure Investment Bank shared its leading practice in sustainable finance.