In the face of the increasingly severe global climate challenges and the looming 2030 climate goals, translating climate commitments into action is urgent. Transition finance, as a key financial mechanism for promoting the transition toward a low-carbon economy, hinges on credible transition plans to direct capital accurately and avoid “greenwashing.” This report focuses on transition plan practices in the banking sector, aiming to support the formulation of such plans in China’s banking industry. This report presents both domestic and international policies and guidelines of transition plans, shares practices on transition plans in the banking industry and international practice cases, and assesses the current disclosure status and major challenges of commercial banks in China. It also puts forward recommendations for regulators and the banking industry respectively.