(Source: Xinhua News Agency 2026-03-25)
Xinhua News Agency, Beijing, March 25thOn the 25th, the 2026 Global South Financiers Forum opened at the National Financial Information Building in Beijing. As one of the important parts of this forum, the roundtable forum gave full play to its role as a bridge, bringing together representatives from financial institutions, enterprises and academic circles from China and southern countries around the world"Enabling Paths and Governance Innovation for Green Capital Liquidity"Carry out dialogue on topics and contribute wisdom to promote the efficient flow and precise implementation of green capital.
The picture shows the scene of the 2026 Global South Financiers Forum Roundtable Forum (photo by Wang Jiru)
Industry-university-research collaboration to open up the “last mile” of green capital flows in the Global South
Regarding the construction of an industry-university-research collaborative empowerment system, Xue Jun, President of China Galaxy Securities, said that there is an urgent need to build a cross-regional, normalized green supply and demand docking platform to accurately connect the green development demands of global southern countries with global green capital, and simultaneously provide full-chain support such as technical empowerment, compliance guidance, and standard adaptation. Financial institutions should take the initiative to shoulder their responsibilities, increase green financial innovation and improve service levels. On the one hand, it focuses on the development reality of the Global South, creates adapted green financial products, and effectively guides the precise implementation of capital; on the other hand, it comprehensively empowers local enterprises with professional comprehensive ESG services and strengthens green project compliance and operational capabilities.
When discussing the specific path of technological empowerment, Yuan Foyu, vice president of Baidu Group, said that artificial intelligence can empower green capital flows in two aspects: First, digitize dispersed green assets and transform them into digital assets that can be used by financial institutions for decision-making and capital investment, and combine AI with autonomous processing in business scenarios. The second is to use AI's advantages in processing massive information to promote the unification of green standards, proactively push the progress of green assets to financial institutions, and combine AI long-term memory capabilities to establish traceable data files to provide transparent and reliable information support for investment decisions.
From the perspective of a biotechnology enterprise, Zhao Yan, chairman and president of Bloomage Biotechnology, believes that the key to building an empowerment system is not to discuss the financial instruments themselves, but to allow capital to identify the value of technology and continue to invest in green manufacturing fields with long-term social returns. Specifically, we should focus on three dimensions: first, guide long-term capital to focus on pilot verification and industrialization stages, support biomanufacturing to cross the "valley of death", and simultaneously establish a biosafety and compliance system that meets international standards; second, use zero-carbon factories and zero-carbon parks as starting points to replace fermentation , renewable energy utilization and waste heat recovery to achieve quantifiable carbon reduction at the production end and establish an auditable ESG data system; third, build a value co-creation mechanism based on industrial chain collaboration, and form a sustainable endogenous growth ecology through green supply chain management and by-product recycling.
Xue Hongli, Director of Financial Markets and Chief Economist of Shanghai Pudong Development Bank, said that to achieve precise connection between technology, finance, research and green capital flows in the Global South, the core lies in using technology as a "perspective" to identify value, using finance as a "catalyst" to innovate, and using industry, academia and research as "connectors" to jointly build standards. The integration of the three will open up the "last mile" of green capital flows to the end of entities.
Governance innovation reshapes the “new path” of green capital flows in the Global South
While sorting out the congestion points in the flow of green capital in the global South,Zhao Zhongxiu, President of the w88 casino, summarized it into three main points: differences in green standards and information systems, structural mismatches in green capital supply and demand, and insufficient green project reserves and implementation capabilities. He believes that the key to solving these blocking points is to strengthen the coordination and localization of green finance standards and promote the convergence of standards on the basis of increasing consensus; innovate green financial tools, vigorously develop green bonds, transformation finance, hybrid financing, etc., and guide more social capital to participate in green investment; strengthen the construction of green project libraries, improve the investability and standardization level of projects, and provide solid project support for the implementation of green capital.
Chai Weicai, Senior Vice President of Kasikornbank in Thailand, said that under the global financial governance system, South-South cooperation is increasingly deepening. For example, the ASEAN green finance governance system has developed a set of standards; ASEAN and China have also established a financial cooperation system, which provides good standard support for cross-border cooperation, the development of the “Belt and Road” and the sustainable development of ASEAN.
Cai Weicai suggested that in the future, efforts should be made to build regional green financial markets and related financing tools, improve the climate information disclosure system, promote communication and cooperation among regional financial institutions in credit and risk management and control, and coordinate and mutually recognize unified standards for relevant institutions in various countries in the field of green finance.
Focusing on the actual needs of the region, Deng Zhenyue, chairman of the board of directors of Cambodia Securities Company, said that green capital still faces multiple challenges when entering southern countries, especially emerging markets, mainly reflected in three aspects: first, the capital gap is still large; second, the rule system is mainly dominated by developed markets; third, governance capabilities and data foundation are still in the construction stage.
Deng Zhenyue believes that promoting governance innovation of green capital flows requires the establishment of a truly implementable green capital market. It must move from "accepting rules" to "jointly formulating rules" and green finance must move from concepts to data-driven. In terms of risk co-management, it is necessary to establish a cross-border and cross-sector collaborative mechanism. For countries in the Global South, the future of green financial governance should not be a passive follower, but a joint participation, joint formulation, and joint commitment.
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