will continue to implement green investment principles. the green investment principles for the belt and road, also known as gip, encourages financial institutions to fully understand esg ( environment, social and governance ) risks, disclose environmental information, and leverage green financial instruments under the “ belt and road ” initiative. 39 chinese and foreign financial institutions have joined the gip. the pbc will continue to encourage financial institutions to implement these principles, in particular, the assessment of environmental and climate risks, and information disclosure. second, we will take a multipronged approach to strengthen the capacity building. the pbc will continue to help developing countries strengthen their capacity building in green finance to better support their green transition and cope with climate change. we also support multilateral development institutions in tapping their expertise to provide targeted capacity - building assistance to developing countries in need. the financial system can play a positive role in supporting green transition and managing climate - related risks. most asian countries attach great importance to green finance and economic transition. we can work together to actively enhance communication and cooperation in green finance with other countries in the world, contribute boao wisdom to global sustainable development, and jointly achieve the goal of carbon peak and carbon neutrality. thank you! 2 / 2 bis central bankers'speeches

##rrencies of all major economies, and the gdp may also be included as a weight. the allocation of the sdr can be shifted from a purely calculation - based system to a system backed by real assets, such as a reserve pool, to further boost market confidence in its value. iv. entrusting part of the member countries ’ reserve to the centralized management of the imf will not only enhance the international community ’ s ability to address the crisis and maintain the stability of the international monetary and financial system, but also significantly strengthen the role of the sdr. 1. compared with separate management of reserves by individual countries, the centralized management of part of the global reserve by a trustworthy international institution with a reasonable return to encourage participation will be more effective in deterring speculation and stabilizing financial markets. the participating countries can also save some reserve for domestic development and economic growth. with its universal membership, its unique mandate of maintaining monetary and financial stability, and as an international “ supervisor ” on the macroeconomic policies of its member countries, the imf, equipped with its expertise, is endowed with a natural advantage to act as the manager of its member countries ’ reserves. 2. the centralized management of its member countries ’ reserves by the fund will be an effective measure to promote a greater role of the sdr as a reserve currency. to achieve this, the imf can set up an open - ended sdr - denominated fund based on the market practice, allowing subscription and redemption in the existing reserve currencies by various investors as desired. this arrangement will not only promote the development of sdr - denominated assets, but will also partially allow management of the liquidity in the form of the existing reserve currencies. it can even lay a foundation for increasing sdr allocation to gradually replace existing reserve currencies with the sdr.