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China has introduced a pilot program to draw international capital into its green economy by easing foreign debt financing rules for environmentally focused projects.
The initiative, led by the State Administration of Foreign Exchange (SAFE), covers 16 regions including Beijing, Shanghai, Hebei, and Qingdao. Under the program, non-financial companies are encouraged to raise funds from overseas and invest them in approved low-carbon and sustainable development projects.
To support this effort, SAFE will:
- Increase cross-border financing limits for green investments
- Simplify procedures for managing foreign debt
- Ensure financial openness while maintaining security
SAFE stated that the program aims to promote high-quality growth in the real economy by facilitating access to global capital for green initiatives.
This move highlights China’s commitment to accelerating its decarbonization goals and strengthening its position in global sustainable finance.
