The program is being piloted across 16 regions and cities in China, including major hubs such as Shanghai, Beijing, Hebei, and Qingdao.
As part of the initiative, non-financial enterprises are encouraged to access cross-border capital to finance approved green transition and low-carbon projects.
According to the State Administration of Foreign Exchange (SAFE), supportive policies will be implemented in the designated pilot areas to raise the ceiling on cross-border financing for companies investing in green and low-carbon initiatives. These measures will also aim to streamline services related to green external debt.
Additionally, the pilot program will offer debt servicing solutions specifically tailored to projects aligned with the green economy.
