Today, we learned from the Shanghai headquarters of the central bank that in order to thoroughly implement the decisions and arrangements of the Party Central Committee and the State Council, actively support the development of green finance, and promote the “Five Major Articles” of foreign exchange management and finance, the Shanghai Branch of the State Administration of Foreign Exchange has used “green foreign debt” as a focus to strengthen policy support for cross-border financing facilitation for green and low-carbon industries. With the approval of the State Administration of Foreign Exchange, the Shanghai Branch recently launched a green foreign debt business pilot project throughout the city. The pilot policy optimizes macroprudential management of cross-border financing for eligible non-financial enterprises, allows foreign debt funds earmarked for green development or low-carbon transformation projects to occupy a smaller amount of external debt when counting cross-border financing balances, accurately supports enterprises to use foreign debt to expand investment in green development or low-carbon transformation projects, and enhances the efficiency of allocating global resource elements to China's green and low-carbon development sector.

Today, we learned from the Shanghai headquarters of the central bank that in order to thoroughly implement the decisions and arrangements of the Party Central Committee and the State Council, actively support the development of green finance, and promote the “Five Major Articles” of foreign exchange management and finance, the Shanghai Branch of the State Administration of Foreign Exchange has used “green foreign debt” as a focus to strengthen policy support for cross-border financing facilitation for green and low-carbon industries. With the approval of the State Administration of Foreign Exchange, the Shanghai Branch recently launched a green foreign debt business pilot project throughout the city. The pilot policy optimizes macroprudential management of cross-border financing for eligible non-financial enterprises, allows foreign debt funds earmarked for green development or low-carbon transformation projects to occupy a smaller amount of external debt when counting cross-border financing balances, accurately supports enterprises to use foreign debt to expand investment in green development or low-carbon transformation projects, and enhances the efficiency of allocating global resource elements to China's green and low-carbon development sector.