Shenzhen was tasked by the Guangdong Provincial Government to build a national climate-related investment and financial center in its drive to build a low-carbon circular economic development system in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), according to a directive released by the Guangdong government.

The directive also encourages the Shenzhen Stock Exchange to launch green bonds and establish a market for ecology-friendly products.

The document called for the establishment of an intelligent transportation system to facilitate a GBA interlining ticket agreement that allows passengers to travel across the cities using a through ticket.

By 2025, Guangdong aims to lead the nation in reducing per-unit GDP energy consumption and carbon intensity, with key fields, industries and regions reaching peak emissions.

By 2035, the province will have formed green work and life styles, and significantly improved the ecosystems, with carbon dioxide emissions going through a peak, stabilization and decline. Moreover, the directive states that the green circular economic system will be established by then.

The provincial authority will encourage citizens to lead green and low-carbon life styles via implementing incentive systems, including discounts for green products and electric vehicle purchases.

The directive supports the commercialization of scientific and research findings, and the construction of a green technology bank in the GBA to boost green technologies and green finance in response to climate change.

The government will firmly apply the concept of eco-environmental protection in the planning, construction, operation and maintenance of transport infrastructures, including roads, railways, waterways, ports and airports.