On September 13,2025, the press conference for the inaugural Global Financial Summit, which has drawn global financial attention, was grandly held in the beautiful city of China—Kunming. The conference was jointly organized by the National Ecological Civilization Pilot Zone Supervision Office, the Sustainable Development Committee of China International Science and Technology Promotion Association, Hainan Investment Chamber of Commerce, and other organizations. Representatives from domestic and international financial regulatory agencies, heads of renowned financial institutions, economics experts, and over a hundred mainstream media outlets gathered to witness the critical milestones in the preparation process of Hainan's global financial event. The press conference officially announced that the inaugural Global Financial Summit will grandly open on December 15,2025, in China's Hainan Free Trade Port. The Global Financial Summit Organizing Committee will invite the World Peace Commission as the guiding unit for the conference.

       Standing on the changing times: The Summit carries a new mission for global financial development

The international economic and social landscape has now entered a new historical stage of restructuring and transformation of growth drivers. Despite challenges such as unilateralism and protectionism, the trend of deep integration of industrial and supply chains remains unchanged, and the global economy is increasingly in need of efficient, secure and inclusive financial services.

The Chairman of the World Peace Council emphasized: "Finance and global peace have evolved from symbiosis to mutual prosperity. Only a stable financial order can serve as the cornerstone for healthy economic development, while economic prosperity remains the core guarantee for eliminating social conflicts and maintaining peace." Against this backdrop, the inaugural Global Financial Summit holds significant importance as it bridges historical continuity with innovative breakthroughs. The summit directly addresses six key challenges in the current global financial landscape, establishing a transformative bridge for international financial cooperation.

Data reveals that global financial fraud cases are projected to surge by 18% year-on-year in 2024, while cross-border money laundering exceeds $3 trillion. Meanwhile, financial services coverage in some developing countries remains below 30%, with inefficient resource allocation becoming a bottleneck for economic growth. The organizers emphasized that only through deep collaboration among global financial institutions—establishing cross-border risk early-warning mechanisms and unified compliance standards—can we fundamentally curb financial crimes and enhance the accessibility and efficiency of financial services.

       Amid the dual challenges of digital currencies and fintech, as central bank digital currencies enter pilot phases in over 50 countries, blockchain and AI technologies have penetrated the financial sector with a penetration rate exceeding 45%. While technological innovations bring payment convenience, they also give rise to new issues such as data privacy breaches and insufficient cross-border regulatory coordination. The summit will feature a dedicated parallel forum titled "Financial Technology Innovation and Risk Governance," inviting global tech leaders and financial experts to jointly explore pathways for building a 

       financial regulatory framework empowered by next-generation information technologies. 

At the press conference, a special envoy from the World Peace Commission emphasized: "Digital financial technology is pivotal in bridging the 'last mile' of inclusive finance." China's successful implementation of mobile financial services reaching rural communities has gained international recognition. The summit will establish a case-sharing platform to facilitate developing countries in adopting digital inclusive finance models, enabling small businesses and low-income groups to access reliable financial services like transactions, credit, and insurance. This initiative ensures that financial resources flow precisely to fuel the real economy's growth.

Of particular significance is the summit's designation of "Green Finance and Global Sustainable Development" as a core agenda item. The global carbon neutrality transition currently faces a massive funding gap, with developing nations requiring over $2 trillion annually for green project financing. The organizers announced plans to establish a "Global Green Finance Cooperation Alliance," which will integrate policy banks, commercial banks, and social capital worldwide. This initiative will innovate financial instruments such as green bonds and carbon derivatives, supporting the implementation of UN Millennium Development Goals (MDGs) including climate action and sustainable cities & communities. These measures aim to provide robust financial backing for global low-carbon transition efforts.

In the long term, the summit aims to address systemic imbalances in the current financial governance framework through "global financial reform and innovation". It seeks to ensure both developed and developing nations hold equal influence in shaping new financial regulations, while establishing a more resilient global financial safety net. These measures will effectively prevent regional and global financial crises, thereby strengthening the foundation for financial cooperation in building a shared future for humanity.

         Focus on practical cooperation: leverage global financial innovation with pilot projects in Southeast Asia

The inaugural Global Financial Summit, themed "Building a New International Financial Order and Leading Financial Development", will focus on pragmatic objectives of "consensus-building + mechanism implementation". Organizers confirmed that during the Hainan Summit, global participants will advance cooperation through three key initiatives: First, striving to establish a Hainan consensus for global financial cooperation through a declaration outlining principles and action plans in areas like financial security, technology empowerment, and green development; Second, creating a "Global Financial Institutions Joint Working Mechanism" with specialized task forces for cross-border risk management, fintech standard-setting, and green finance project coordination, adopting a regularized collaboration model featuring "periodic consultations and annual assessments"; Third, negotiating implementation pathways for the "Global Financial Innovation Pilot Project", with Southeast Asia designated as the starting region for financial innovation initiatives.

Why was Southeast Asia chosen as the pilot region for financial innovation? The organizers explained that Southeast Asia is not only one of the fastest-growing regions in global economic growth but also a typical area with diversified financial demands and underdeveloped financial infrastructure. The pilot project will focus on the following initiatives: collaborating with central banks across Southeast Asian countries to establish a cross-border financial regulatory pilot network system; innovating and improving clearing and settlement systems among banks, foundations, consortiums, chambers of commerce, and enterprises, as well as central bank currency issuance mechanisms; leveraging the policy advantages of the Hainan Free Trade Port to prepare the "Southeast Asia Fintech Incubation Center" to provide pilot scenario support and financing services for fintech enterprises in the region; establishing a "Cross-border Financing Platform for Green Projects" to connect financing needs from Southeast Asia's green energy and ecological conservation projects with capital supply from China and global sources. Currently, Chinese investment institutions, the Bank of Thailand, DBS Bank Singapore, and others have expressed active willingness to participate in the pilot program.

We sincerely invite global participation: We hope that all parties can work together to build a new financial ecosystem

At the press conference, Mr.Zu Changliang, Co-Chair of the Global Financial Summit and Director of the National Ecological Civilization Pilot Zone Supervision Office, extended a cordial invitation via video address. He welcomed central bank governors, heads of commercial banks and policy financial institutions, financial experts, representatives from international financial organizations, and regulators worldwide to actively participate in discussions on global financial development strategies. The organizers also called for active cooperation among participants in resource coordination, experience sharing, and project implementation. They further expressed hope for strong governmental support in policy frameworks, regulatory collaboration, and market liberalization to create an enabling institutional environment for global financial innovation cooperation.

According to Wang Yousheng, Executive Chairman of the Summit Secretariat Preparatory Group, all preparatory work for the summit has entered its final sprint phase. The main venue in Hainan has completed site planning and facility preparations, adopting a hybrid format combining "offline main venue + online sub-venues" to meet global participants' needs. The agenda features keynote speeches, high-level roundtable dialogues, specialized forums, and project signings, with keynote speakers including Nobel laureate in Economics, central bank governors from multiple countries, financial experts, and heads of international financial institutions. Additionally, the summit will release the "2025 Global Financial Development White Paper," systematically outlining current global financial trends and providing authoritative references for the industry.

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The successful hosting of the Kunming press conference marked the countdown to the preparations for the first Global Financial Summit, filling the global financial community with anticipation for the Hainan event in December. As Mr.Wang Yousheng, initiator of the Global Financial Summit, stated at the conclusion of the press conference: "Financial cooperation knows no borders, while innovative development finds common ground. Let us use the summit as a bond to pool global wisdom and jointly draw up a new blueprint for financial development—— Only by infusing capital with cultural warmth can humanity sail toward a truly green future. Let us set out from Kunming to co-author this new epic of 'finance for good, green leadership'! Unlock the treasure trove of a shared future for mankind with the key of ethical finance, and illuminate the global green future with the wisdom of Eastern culture—— This is not only China's commitment but also humanity's collective wealth."