Abstract: Facing the energy crisis and the requirement of green power, China will implement the Renewable Portfolio Standards (RPS) to promote the development of renewable energy during the period of Twelfth Five-Year Plan. The application prospects of Tradable Green Certificate (TGC) as financial instruments in China will be greatly vast which is a supporting policy of the RPS. This study firstly reviews researches related to the TGC market. Secondly TGC derivatives are designed to explore new financing methods for renewable energy industry. Then, This study constructs the TGC finance market system based on the combination analysis of previous studies and China’s development plan of the TGC market. Finally This study puts forward the detailed supporting mechanisms and policies for the TGC finance system making recommendations for the development of renewable energy industry and energy finance in China.