Xinhua Silk Road: Parallel Forum on Inclusive Finance and Approaches to New Energy Industrialization Development held in Beijing

BEIJING,March 22, 2025/PRNewswire/ -- The Parallel Forum on Inclusive Finance and Approaches to New Energy Industrialization Development was held inBeijingonMarch 20.

As a side event of the 2025 Global South Financiers Forum, the forum, hosted by the Brand Work Office of Xinhua News Agency, China Economic Information Service, andShanxiBranch of Xinhua News Agency, fostered diverse dialogues and exchanges under the theme of"Inclusive Finance and Approaches to New Energy Industrialization Development", sharing experience and building consensus.

Klaus-Dieter Kaempfer, Chief Executive of Absa China, highlighted Absa's efforts in driving economic growth across 12 African markets over 130 years. Absa established a non-banking subsidiary inBeijinga year ago to support Chinese enterprises and investors in exploring African markets.

Chinahas become the world's largest producer of electric vehicles, whileIndonesiais also intensifying efforts in the regard, notedMohammad Faisal, Executive Director of the Center of Reform on Economics (COREIndonesia). COREIndonesiahas been conducting research in this field as an economic think tank, but considering the significant challenges faced by developing countries in promoting green energy and green industrialization, this forum serves as a valuable platform for mutual learning and experience sharing.

Lyuliang is leveraging its industrial strengths to foster new quality productive forces in the energy sector amidst green and sustainable development, according to Xiong Yizhi, mayor of Lyuliang City. By introducing favorable policies and innovative financial products, Lyuliang has accelerated its new energy industry development, with new energy installation capacity now accounting for over 30 percent of its total.

Zheng Peng, Chairman and President of Pengfei Group, delivered a keynote speech on the company's effort in green development. As one ofChina'stop 500 enterprises, it followsChina'sdual carbon goals andShanxi'shydrogen energy development plan.

During the event, China Economic Information Service unveiled theChina(Xiaoyi, Lyuliang) Hydrogen Energy High-quality Development Index Report during the event. The index, which monitors high-quality hydrogen energy development at both national and local levels, showed steady growth from 2021 to 2023.

Besides, a roundtable session of the forum brought together renowned financiers and government representatives to explore the role and mechanism of inclusive finance in advancing new energy industrialization.

Original link:https://en.imsilkroad.com/p/344869.html

SOURCE Xinhua Silk Road