A news conference of a financial forum, themed "Investing in Green Tranformation China," was held on July 9 in the Guiyang Media Center together with the press conference of the Eco Forum Global Annual Conference Guiyang 2014.

The financial forum organization committee introduced the progress of the forum's preparation work and guest information to media.

The Eco Forum Global Annual Conference Guiyang 2014’s press conference takes place in the Guiyang Media Center on July 9.(Photo/China Daily)

The forum consists of four sections: green finance dialogue, green finance roundtable, green finance workshop and green finance summit. Experts, scholars, policymakers and innovative business model pioneers will share their experiences and discuss cutting-edge philosophy, policies, cases and practices regarding sustainable development.

Zhou Daoxu, deputy secretary of the Guizhou provincial government and director of the Guizhou provincial finance bureau, said that currently, China has entered a critical period of economic restructuring and development mode reform. Large-scale green industry development and transformation requires strong financial support, known as green finance. The forum aims to discover new and appropriate capital market principles to support and encourage green transformation.

Talking about Guizhou’s financial industry, Zhou said that Guizhou has advantages in green finance as it has rich natural resources. According to statistics, between 2011 and 2013, the total assets, deposits and loan balances of banks and financial institutions in Guizhou province had reached 1 trillion yuan ($161.3 billion). The data can prove that not only the advantages of natural resources, Guizhou province has its foundations to support green finance.