The green foreign debt pilot policy is a new initiative launched by the State Administration of Foreign Exchange to thoroughly implement the green finance development decisions of the Central Committee of the Communist Party of China and the State Council, with the Beijing region being included in the first batch of pilot areas. Following approval from the national authority, the Beijing branch issued the "Guidelines for Green Foreign Debt Pilot Operations (Trial)" to actively support non-financial enterprises within its jurisdiction in borrowing foreign debt funds for green or low-carbon transition projects. On the very first day the pilot policy took effect, banks in the region successfully handled the registration for four green foreign debt agreements, with a total contracted amount exceeding 60 million yuan. The involved funds are designated for investment in the photovoltaic industry, green intelligent transportation systems, and information technology infrastructure, marking a new chapter for the capital's green finance sector.
The Beijing branch proactively facilitated the implementation of the pilot policy. It planned ahead and conducted thorough research into market demand. By assessing the current state of green financing within its jurisdiction, it precisely targeted and promoted the pilot policy. The branch convened symposiums with banks to explain and interpret the policy, guiding them in fostering bank-enterprise cooperation. Through its "Xiaobei Xiaohui" new media promotional brand, it introduced the pilot policy in an accessible manner, creating a direct channel for policy communication both online and offline.
Banks within the jurisdiction provided efficient services to enterprises, fully acting as a bridge for policy transmission. Multiple banks actively participated, assisting companies in smoothly completing their financing. The Beijing Branch of Bank of China guided a logistics joint-stock company through the registration of a $5 million green foreign debt agreement, helping the enterprise accelerate the construction of a safe, efficient, green, and intelligent modern logistics system. The Beijing Branch of Jiangsu Bank assisted a Beijing-based technology logistics company in completing the registration of a 20 million yuan green foreign debt, and collaborated with the Beijing Branch of Ping An Bank to provide a $1.35 million offshore loan to an information technology enterprise. This supports the company's development of a green intelligent transportation system and the creation of an intelligent logistics platform. The Beijing Branch of Industrial and Commercial Bank of China facilitated overseas financing for an international energy development company to support the operation and maintenance of domestic photovoltaic power station projects.
Enterprises actively participated in the pilot, making full use of the new green finance policy. Participating companies stated that the green foreign debt pilot policy helps enhance their financing capacity and supports high-quality development. The "one-stop" services provided by banks offer convenience in utilizing cross-border funds, reduce operational costs, and add momentum for corporate digital and green transformation.
In the next phase, the Beijing branch will continuously refine the operational mechanisms of the green foreign debt pilot, persistently monitor the implementation effects of the policy, strengthen policy promotion and guidance, and fully unleash the benefits of the pilot policy. This effort aims to advance the "Five Major Areas of Finance" and serve the high-quality development of the real economy.
