China　has　gone　through　a　rapid　process　of　urbanization,　but　this　has　come　along　with　serious　environmental　problems.　Therefore,　it　has　started　to　develop　various　eco-cities,　low-carbon　cities,　and　other　types　of　sustainable　cities.　The　massive　launch　of　these　sustainable　initiatives,　as　well　as　the　higher　cost　of　these　projects,　requires　the　Chinese　government　to　invest　large　sums　of　money.　What　financial　toolkits　can　be　employed　to　fund　this　construction　has　become　a　critical　issue.　Against　this　backdrop,　the　authors　have　selected　Sino-Singapore　Tianjin　Eco-city　(SSTEC)　and　Shenzhen　International　Low-Carbon　City　(ILCC)　and　compared　how　they　finance　their　construction.　Both　are　thus　far　considered　to　be　successful　cases.　The　results　show　that　the　two　cases　differ　from　each　other　in　two　key　aspects.　First,　ILCC　has　developed　a　model　with　less　financial　and　other　supports　from　the　Chinese　central　government　and　foreign　governments　than　SSTEC,　and,　hence,　may　be　more　valuable　as　a　source　of　inspiration　for　other　similar　projects　for　which　political　support　at　the　national　level　is　not　always　available.　Second,　by　issuing　bonds　in　the　international　capital　market,　SSTEC　singles　itself　out　among　various　sustainable　initiatives　in　China,　while　planning　the　village　area　as　a　whole　and　the　metro　plus　property　model　are　distinct　practices　in　ILCC.　In　the　end,　the　authors　present　a　generic　financing　model　that　considers　not　only　economic　returns　but　also　social　and　environmental　impacts　to　facilitate　future　initiatives　to　finance　in　more　structural　ways.