【正文】 ironmental risks in project banks established the environmental risk management guidelines based on the Equator Principles, such as the Environmental Risk Lending Policy by HSBC bank and Environmental and Social Risk management system by institutions of China now consider environmental influences on services, for example, stateowned mercial banks explicitly state in regulation for loan applications that project debtors have to submit the environmental risk assessment report approved by the environmental protection , institutions are not fully aware of environmental assess these risks only to keep projects legal, but with little consideration of the evasion of environmental risks probably occurring across the addition, environmental risk assessment is only applied in project insurance industry of China has not yet established environmental liability insurance, which is regarded as an opportunity brought by the environmental institutions of China have not established a plete environmental management system with relevant operational instructions and professional risk the People’s Bank of China has added environmental information into the bank credit system lately, it will take a long time for this system to be used by financial Fiscal sources for environmental protection projects Environmental protection projects refer to projects which can improve environmental quality, for example, industrial pollution control, environmental infrastructure construction, and ecological projects are usually characterized by the participation of government for a nonprofit purpose and require a large amount of funding with longterm , most financial institutions which support environmental protection projects are state policyrelated banks, international financial organizations and banking syndicates which consists of many mercial banks and insurance usually provide environmental protection projects longterm and lowinterest rate loans and Development Bank(CDB)is policyrelated bank with major national infrastructure construction as one of its support has been increasing loans on urban infrastructure since fiscal year(FY), support on environmental protection infrastructure as one type of urban infrastructure is not very stable in terms of the amount of the also does not distinguish itself from other mercial banks in terms of the loan rate and application procedure specifically for environmental protection remains unclear on the proportion of and the way that it supports such , it cannot act as a stable and strong funding source for current environmental protection protection projects in China also accept loans and technical assistance from international financial World Bank(WB)has invested US $ billion in environmental protection programs of China, which takes up % of the total amount of loans supplied by WB to China since number of loans and technical assistance programs provided by the Asian Development Bank adds up to 82 since support for Chinese environmental protection by international financial organizations is considerably large pared to other financial , it cannot be a consistent and stable financial source since most international financial organizations choose projects selectively in line with their development strategy and the project Specific financial services to environmentally friendly corporations and individuals Environmentally friendly behaviors(Table 1)refer to activities which take environmental influences into consideration during business activities by corporations or activities by friendly behaviors try to prevent environmental problems and sustain the environmental and the ecological are several ways that financial institutions could support corporate environmentally friendly behaviors.(1)Providing favorable funding as much as possible to environmentally friendly example, Bank of TokyoMitsubishi has collaborated with the Japanese government to develop an environmental credit system in which every corporation is evaluated for its environmental performance according to the environmental credit which surpass a specific level can apply for a lowinterest loan.(2)Establishing the environmental investment fund to specially support environmental methods and the development of environmentally friendly corporations, such as the ‘‘HSBC GIF Sustainability Leaders Fund’’.(3)Developing new financial products to specifically fund for environmental protection projects such as renewable energy, waste reclamation, and organic to international practices, Chinese financial institutions have little substantial measures in supporting environmentally friendly behaviors of corporations and environmental fund is the most mon approach to support environmentally friendly corporations and , such funds are mostly operated by nongovernmental organization(NGO).The operation of the fund is insufficient with little participation of financial institutions and a lack of market are no credit rating agencies to rank the efforts of corporations in environmental protection or in pollution prevention and credit services have not adopted favorable practices specifically for environmentally friendly Promotive factors for financial institutions of China to develop the environmental management system The establishment of the environmental management system in financial institutions of China is influenced by various entities(), involving financial regulators, environmental protection departments, corporations, and the has strong financial structure of China’s financial regulation consists of one central bank and three regulatory authorities could direct financial institutions to set up the environmental management system through financial policy and People’s Bank of China(PBC), the central bank of China, is responsible for setting the interest rate of deposit and loan, and for instituting other financial policies which affect financial support for other , it can integrate industry policy i