- The 2025 Global South Financiers Forum took place in Beijing on March 21.
- Xinhua News Agency hosted the event with global financial experts.
- Discussions focused on inclusive, digital, and green finance.
- Beijing Mayor Yin Yong highlighted financial cooperation for growth.
- The “Beijing Consensus” outlined strategies for financial collaboration.
The 2025 Global South Financiers Forum opened in the Chinese capital, bringing together senior government officials, financial leaders, and economic experts from more than 30 countries. The forum, held under the theme “Illuminating Global South,” focuses on financial integration, investment opportunities, and sustainable development strategies aimed at fostering stronger economic ties among developing nations.
A key highlight of the forum was the adoption of the “Beijing Consensus 2025,” a policy framework designed to enhance financial collaboration across the Global South. The agreement outlines commitments to strengthening cross-border financial integration, encouraging sustainable and green investments, promoting digital finance, and reducing dependency on Western financial institutions.
Fu Hua, President of Xinhua News Agency, emphasized the importance of financial autonomy in developing economies. He stated that the future of global economic stability depends on stronger South-South financial partnerships, adding that the forum serves as an innovative practice in advocating for openness, financial cooperation, and global governance reforms.
Global Financial Hub
Addressing the forum, Beijing Mayor Yin Yong reaffirmed the city’s role as a major center for global finance, innovation, and investment. He highlighted Beijing’s commitment to strengthening international financial cooperation through regulatory reforms and fintech development. He noted that the city, as a national financial management center, is home to China’s central financial regulatory bodies, headquarters of major financial institutions, and offices of several international financial organizations.
Parallel sessions during the forum focused on capital market expansion, digital finance, and environmental sustainability. Experts discussed the role of emerging financial technologies, such as blockchain and artificial intelligence, in reshaping global investment landscapes. The session titled “Value Discovery: Technological Innovation and High-Quality Capital Markets” explored how financial tools and technologies can drive economic growth in developing nations.
Green Finance & Digital Innovation
Discussions on sustainable finance emphasized the urgent need for investments that support long-term economic stability while addressing environmental concerns. Experts highlighted the importance of regulatory frameworks in capital market development, ensuring financial stability and investor confidence.
Additionally, the rapid rise of fintech and digital finance took center stage, with panelists exploring the potential of blockchain and artificial intelligence in expanding financial inclusion across the Global South.
The forum also addressed the importance of financial institutions in driving economic resilience, particularly in infrastructure, food security, and public health. Participants called for greater international collaboration to combat illegal financial activities and to safeguard consumer rights.
Strengthening Economic Cooperation in the Global South
As the forum concluded, attendees underscored the necessity of financial autonomy among Global South nations. They emphasized that economic solidarity and cooperation will be crucial in navigating global financial challenges. The adoption of the “Beijing Consensus 2025” marks a significant step toward deepening economic partnerships and building a more resilient financial system for developing economies.
The discussions will continue until March 21, with additional sessions on inclusive finance, digital transformation, and sustainable economic development. The forum is expected to pave the way for long-term financial cooperation and a new international financial order that is more just, equitable, and inclusive.
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