China looks forward to working with Mexico to step up exchanges in various fields and beef up practical cooperation, said Chinese Foreign Ministry spokesman Lin Jian on Monday when commenting on newly elected Mexican President Claudia Sheinbaum's recent remarks on bilateral ties.
Sheinbaum, in response to a question from Xinhua News Agency on Oct. 17, highlighted Mexico's "very good relationship" with China in trade, culture, and other areas. She also noted that departments of Mexico's new government will step up communication with China and continue enhancing bilateral relations.
"China and Mexico are good friends that trust each other and good partners seeking common development. In recent years, the China-Mexico relationship has shown greater strategic significance and become increasingly complementary and mutually beneficial. The two sides carried out fruitful practical cooperation, which significantly contributed to the wellbeing of their people. China hopes and believes that under President Claudia Sheinbaum's leadership, Mexico will make new, greater achievements on its independent development path," Lin said at a regular press briefing in Beijing.
"China attaches great importance to its relations with Mexico and looks forward to working with Mexico to step up exchanges in various fields, beef up practical cooperation, enrich the China-Mexico comprehensive strategic partnership and deliver more benefits to their people," said Lin.
China expects greater exchanges, practical cooperation with Mexico in all fields: spokesman
Experts and officials from home and abroad have shared their ideas at the outgoing Annual Conference of Financial Street Forum 2024 on promoting green finance as motivational force to catalyze green, low-carbon and sustainable economy.
The closing ceremony of this year's conference was held in Beijing on Sunday, with guests from Hong Kong joining online. Financial insiders from both cities engaged in discussions on green finance, highlighting a shared vision for the high-quality development of the financial sector.
"Discussions on green finance are brooking no delay. We have been investing in renewable energy projects since 2013 and green bonds since 2015, with impressive overall return rate. Our aim is to show the market that practical green investments can yield stable and long-term economic returns," said Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority.
"We see international trade as an essential driver of the green transition. By aligning green finance with international trade and climate policies, we can build the infrastructure needed to support sustainable industries worldwide," said Ralph Ossa, chief economist of the World Trade Organization (WTO).
China now boasts the world's largest green credit and green bond markets with rapid development.
During the event, experts emphasized the need to address difficulties and sticking points in areas such as commercial sustainability to effectively promote green development.
"On one hand, we aim to offer suitable financial support to companies in transition through the advancement of transition finance. Additionally, we need to consider other means such as tax incentives and fiscal subsidies. On the other hand, we must provide a way out for businesses that need to cease operations for green development," said Li Yang, chairman of the National Institution for Finance and Development.
Yin Yong, Mayor of Beijing, remarked that the conference offered authoritative insights into macroeconomic and industrial policies, releasing crucial policy signals and demonstrating confidence in reforms.
"We will continue to deepen financial supply-side structural reform, guide financial institutions to enhance incentive and constraint mechanisms, and strive to achieve a virtuous cycle between technology, industry, and finance," Yin said.
Themed "Trust and Confidence -- Work Together to Promote Financial Openness, Cooperate for Shared Economic Stability and Growth," this year's conference was attended by over 500 representatives from 30 countries and regions around the world. Sessions under the forum will continue into Tuesday in the HKSAR, Luxembourg and Tokyo parallel with main events in Beijing.
Financial Street Forum discusses solutions to green-financed development
