Tag: Regional Cooperation and Integration
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Journey Towards Climate-Resilient Development
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Driving Change Workshop in the PRC Concludes with Key Lessons on Sustainable Finance
Speakers and presenting participants of the regional workshop, “Driving Change: Lessons from Breakthroughs in Innovative and Sustainable Finance in the PRC,” held in Beijing. The photo includes experts from the People’s Republic of China and representatives from Azerbaijan, Georgia, Indonesia, Mongolia, the Philippines, Thailand, Uzbekistan, and Viet Nam, who shared experiences and insights on advancing sustainable finance.
BEIJING, PEOPLE’S REPUBLIC OF CHINA (23-24 October 2025) – The two-day regional workshop, Driving Change: Lessons from Breakthroughs in Innovative and Sustainable Finance in the PRC, brought together participants from Azerbaijan, Georgia, Indonesia, Mongolia, the Philippines, Thailand, Uzbekistan, Viet Nam, and the People’s Republic of China. Organized by the Asian Development Bank (ADB) in Beijing, the event convened government officials, regulators, and financial institutions to exchange practical experiences in advancing green and transition finance.
Across eight sessions, participants discussed China’s experience in developing policy frameworks, taxonomies, and innovative financial instruments such as sustainability-linked loans and transition finance. They also examined disclosure practices, digital tools, and sectoral approaches—including agriculture and manufacturing—that can inform strategies in other countries.
Participants learned from China’s pioneering pilots and shared their own policy and market experiences, offering perspectives on how sustainable finance principles can be adapted to different economic contexts. Discussions underscored three key messages: credibility and clear standards are essential to build investor trust, solutions must reflect each country’s unique realities, and regional collaboration can help scale successful innovations.
The workshop concluded with a shared recognition that sustained cooperation and knowledge exchange are critical to accelerating the region’s transition toward sustainable and inclusive growth.
Finance and Technologies for Grassland Ecosystem Restoration
Grasslands are vital ecosystems for both Mongolia and the People’s Republic of China (PRC), supporting biodiversity, climate regulation, and the livelihoods of pastoral communities. However, both countries face increasing pressures from land degradation, desertification, and climate change.
The PRC has implemented a range of large-scale restoration initiatives and ecological compensation schemes, alongside community-based conservation and development practices. These combined top-down and bottom-up approaches have achieved measurable improvements in vegetation cover, ecosystem resilience, and rural incomes. Meanwhile, Mongolia is advancing national strategies through its National Adaptation Plan and investment programs such as the Aimag and Soum Green Regional Economic Development Program, emphasizing grassland ecosystem restoration and sustainable livelihood development for herding communities.
The seminar, held in conjunction with the visit of a high-level Mongolian government delegation to the PRC, aims to deepen knowledge exchange on effective supportive policies, financial mechanisms, and technologies for grassland restoration and sustainable pastoral management. Discussions will draw on lessons from the PRC’s experience at national and subnational levels and explore opportunities for continued knowledge sharing and collaboration.
The delegation visit and seminar are supported by the ADB–PRC Regional Knowledge Sharing Initiative (RKSI), a South–South platform co-hosted by the Ministry of Finance of the PRC and ADB to facilitate knowledge exchange among ADB’s developing member countries. Under RKSI’s umbrella, the Talk China Seminar Series convenes experts and decision-makers to engage on urgent development themes.
Language: Chinese, Mongolian, English (Chinese-Mongolian and Chinese-English interpretation will be provided)
| Date/Time | Session |
|---|---|
| 08:30-08:40 | Welcome remarks Mr. Asif S. Cheema, Country Director, ADB PRC Resident Mission |
| 08:40-08:50 | Sharing I: Green finance to support grassland restoration and management Ms. Yan Wang, Director, Green Finance Division, Research Bureau of the People’s Bank of China (TBC) |
| 08:50-09:00 | Sharing II: Ecological rangeland management Ms. Keyu Bai, Institute of Agricultural Resources and Regional Planning of Chinese Academy of Agricultural Sciences |
| 09:00-09:10 | Sharing III: Ecosystem valuation: eco-compensation mechanisms, gross environment product (GEP), and natural capital Mr. Au Shion Yee, ADB Principal Water Resources Specialist |
| 09:10-09:20 | Sharing IV: Carbon market development and grassland carbon credits Mr. Zhi Cheng, Chief Engineer, Ningxia CDM Service Center |
| 09:20-09:30 | Sharing V: Social capital mobilization for desertification control Ms. Jing Sun, Director of Desertification Prevention and Control, Society of Entrepreneurs and Ecology (SEE) Foundation |
| 09:30-10:30 | Discussions Facilitated by Mr. Aiming Zhou, Deputy Country Director, ADB PRC Resident Mission |
| 10:30-10:40 | Closing remarks
|
