The process of China's economic transformation and upgrading cannot be separated from the strong support from transition finance.The Chinese-style transition finance is still in its early development stage;the scale and product types of the transition financial market are relatively limited,mainly concentrated in the field of emission reduction projects;under the constraint of the dual carbon goal,China's financial institutions have become important participants and supporters of transition finance.China is strengthening the building of the transition finance framework.Currently,China's transition finance is faced with many challenges,such as lack of standards and road map,weak information and data foundation related to industry and projects,immature product design mechanism,and urgent need to improve the sustainability of transition finance business model.In the future,China's transition finance market will become more active,and the scale of transition finance products will also see explosive growth.Therefore,China should set up structural transition finance standards as soon as possible,strengthen standardized information disclosure of transition finance products,connect with the financial market in terms of connectivity and international cooperation,and promote the standardization of transition finance markets and diversification of products as soon as possible.Meanwhile,the government financial institutions and transition enterprises should join hands to build an efficient and sustainable Chinese-style transition finance business model and incentive mechanism.