Li Hongyan, Deputy Director of the State Administration of Foreign Exchange: Promote high-level financial opening and deepen cooperation with green industries in southern countries globally.

Li Hongyan, Deputy Director of the State Administration of Foreign Exchange, stated on March 25 at the 2026 Global Southern Finance Forum that the restructuring of the global green industry presents a win-win cooperation opportunity between China and global southern countries. Through high-level financial opening, deepening cooperation with global southern countries in the green industry, and sharing transformation opportunities with them, China aims to contribute to global sustainable development. Li Hongyan explained that China is providing low-cost, efficient Renminbi green financing channels to global southern countries through high-level financial opening, including onshore Panda bonds, offshore Dim Sum bonds, and offshore bonds in free trade zones. At the same time, green financial services are deeply integrated with green infrastructure construction, embedding deeply into the local ecology of global southern countries. By efficiently connecting China's entire industry chain advantages with the development needs of southern countries, China aims to gradually achieve technology transfer, talent cultivation, and industrial chain synergy, assisting southern countries in constructing a more complete and competitive green energy ecosystem.