China has introduced several financial and regulatory measures aimed at stabilizing its economy and promoting green development. President Xi Jinping emphasized the urgency of resolving delayed government payments to private companies, warning that unpaid bills could erode public trust in the authorities and potentially cripple businesses. In response, the government issued guidance to stabilize existing public-private partnership (PPP) projects and ensure timely payments. Additionally, China unveiled a pilot program for green foreign debt financing across 16 provincial-level regions, including Shanghai, Beijing, and Qingdao, to attract global capital into the country's green sector. The State Administration of Foreign Exchange also announced a cross-border asset management pilot program in Hainan Free Trade Port, allowing overseas investors to access domestic financial products. Furthermore, new draft rules on mergers and acquisitions loans have been introduced to ease terms and broaden their scope. To support emerging industries and infrastructure, China plans to launch a RMB 500 billion "quasi-fiscal" tool. These initiatives collectively aim to enhance financial support for sustainable development and economic stability.
China has launched a new pilot program to allow eligible enterprises greater access to overseas financing in support of green and low-carbon transformation projects, the country's foreign exchange regulator said on Thursday. https://t.co/ctXbUCRaA9 https://t.co/DGeyh6UD3e
China’s Hainan Free Trade Port (FTP) on Thursday kicked off a cross-border asset management pilot program, enabling overseas investors to access domestic financial products offered by local financial institutions. An expert said that this is an important step in the FTP’s https://t.co/Bt0VOnw3KF
China has launched a pilot program for green foreign debt financing in 16 provincial-level regions and cities, including Shanghai, Beijing, and Qingdao, in a bid to attract the inflow of global capital into the country's green sector, the State Administration of Foreign Exchange https://t.co/A2q08CP7Zz