Program launched across 16 regions to channel overseas funds into low-carbon projects
Enterprises allowed expanded cross-border financing limits for green initiatives
SAFE pledges balance of openness and security to support real economy growth
China has rolled out a pilot program aimed at channeling global capital into its green economy through foreign debt financing.
The initiative, launched by the State Administration of Foreign Exchange (SAFE), will run across 16 provincial-level regions and cities including Beijing, Shanghai, Hebei, and Qingdao. Non-financial enterprises are encouraged to direct cross-border financing funds into qualified green and low-carbon transition projects.
SAFE said the pilot will include supportive policies such as expanding the upper limit on cross-border financing for green investments and simplifying services related to foreign debt.
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“Going forward, the SAFE will ensure both openness and security, and further facilitate cross-border financing to support the high-quality development of the real economy,” the agency noted.
This move signals China’s intent to leverage international capital markets to accelerate its decarbonization agenda while strengthening its role in sustainable finance.
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