Sou Hu Cai Jing·2025-12-10 11:03Core Viewpoint - The pilot program for green foreign debt business has officially launched in Shenzhen, aimed at supporting green finance development and encouraging non-financial enterprises to utilize cross-border financing for green or low-carbon transformation projects [2][3]. Group 1: Pilot Program Launch - The pilot program was initiated under the approval and guidance of the State Administration of Foreign Exchange (SAFE) and the Shenzhen branch of the People's Bank of China [2]. - On the first working day of the pilot, three Shenzhen enterprises completed foreign exchange registration for green foreign debt with a total signed amount exceeding 170 million RMB [2]. Group 2: Regulatory Framework - The Shenzhen branch of SAFE issued the "Guidelines for Shenzhen Green Foreign Debt Pilot Business," which came into effect on December 6, 2025 [2]. - The guidelines reduce the risk conversion factor for foreign debt funds used for green or low-carbon projects from 1 to 0.5, significantly lowering the risk-weighted balance for enterprises and enhancing their foreign debt financing capacity [2]. Group 3: Corporate Participation - Shenzhen Energy Group, a leading enterprise in the energy sector, will utilize green foreign debt to attract low-cost foreign funds for ecological and environmental projects, supporting its green business expansion [3]. - China International Marine Containers (Group) Co., Ltd. will leverage green foreign debt to secure low-cost credit for its marine engineering sector, aiding the transition to low-carbon and efficient energy solutions [3]. Group 4: Future Initiatives - The Shenzhen branch of SAFE plans to continue promoting reforms in the foreign exchange sector and implement green finance policies effectively, encouraging more banks and enterprises to participate in the pilot program [3].