BIS Review 82/2007  11  But maybe the question of whether Asia could withstand 1997 better if it occurred again is not the right question. A future crisis could be of quite a different nature.
Moreover, the PBOC has strengthened policy incentives, including evaluating banks’ performance in supporting green finance. Second, we have been encouraging innovation in green finance products. Green finance products in China became available quite early, and have become increasingly diversified, such as green credit, green bonds, green agricultural insurance, clean energy insurance, and green trusts. Third, we have established pilot zones for green finance development.