The paper seeks to explore the role of green finance in achieving sustainable development goals through the case of China, and address some issues of sustainable finance and environmental, social and governance concerns of green finance by introducing the episodes of green finance in China. This paper aims to provide some viewpoints about the following questions: 1) What are the latest trends in green finance? 2) What are the main challenges to the development of green finance? 3) What are policy recommendations for the development of green finance? 4) What are the roles of both the public and private sectors in promoting green finance? This paper identifies the mainstream to sustainable bonds, diversification of green finance, transition of corporates’ business models, transparency and disclosure, and harmonizing taxonomy and measurement of green finance for the emerging trends of green finance. As the results, this paper recommends some policy measures for the private sector such as greening the banking system, greening the bond market, and greening institutional investors. This paper also suggests some policy initiatives for the public sector such as developing policies and capacity, promoting market transparency and governance, and promoting private-public partnership for diversifying resources of green finance.

Abstract
1. Introduction
2. Recent Trends in Green Finance
    2.1. From Green Bonds to Sustainable Bonds
    2.2. Diversification of Green Finance
    2.3. Transition of Companies’ Business Models
    2.4. Transparency and Disclosure
    2.5. Taxonomy and Measurement of GreenFinance
3. Green Finance and SDGs: The Case ofChina
    3.1. Challenges to Green Finance in China
    3.2. Recommendations for the Development ofGreen Finance in China
4. Discussion and Recommendations
    4.1. For the Private Sector
    4.2. For the Public Sector
5. Conclusion
References

• Jung Wan LEE(School of International Economics and Trade, Anhui University of Finance and Economics(AUFE)) Corresponding Author.