On March 25, 2026, the “2026 Global South Financiers Forum” was held in Beijing. Government representatives, Central Banks, investment, and financial institution from more than 30 countries gathered in Beijing to exchange insights and promote financial cooperation among Global South nations. Distinguished attendees included Mr. Fu Hua, President of Xinhua News Agency; Mr. Sun Shuo, Vice Mayor of Beijing; Mr. Lu Lei, Deputy Governor of the People’s Bank of China; and Ms. Li Hongyan, Deputy Director of the State Administration of Foreign Exchange.
Mr. Teng, Cheng-Yueh (Darren), Chairman of Cambodia Securities Plc., and the Deputy Chief Executive Officer were invited to attend the Forum.
The Forum, jointly organized by several institutions under Xinhua News Agency, focused on the theme of “Leading the International Flow of Green Capital.” It aims to strengthen the financial voice of Global South countries, promote the flow of green capital and economic stability, and provide new momentum for international cooperation.
During the Forum, the “Global South Financiers Council” was officially established for the first time. Cambodia Securities Plc. was invited to join as one of its members and participated in the inauguration ceremony. Through this platform, the company will connect with financial institutions across the Global South to jointly advance financial governance and development.
At the forum, Mr. Darren, our Chairman was invited as an international guest speaker. He delivered a speech on the topic of “Challenges in the Inflow, Implementation, and Efficient Circulation of Cross-Border Green Capital, and Cambodia’s Expectations for Cooperation with Chinese Financial Institutions and Enterprises in Green Capital Alignment and Standards Coordination.”
The Chairman pointed out that Global South countries face three major challenges:
- First, the funding gap remains substantial;
- Second, rules are largely set by developed markets;
- Third, governance capacity and data infrastructure are still under development.
He proposed the following recommendations:
1. Establish a truly implementable green capital market.
Beyond developing green bonds, it is essential to build a comprehensive financial ecosystem, including sustainability-linked instruments, transition finance, blended financing mechanisms, and local currency green financing markets.
For emerging markets like Cambodia, it is important not only to align with international standards to build market confidence, but also to retain flexibility for transition, enabling more enterprises to participate.
2. Move from “rule-takers” to “rule-makers” in the international framework.
In the future, cross-border flows of green capital will increasingly be influenced by taxonomy standards, information disclosure, and carbon constraints.
Global South countries should strengthen coordination by:
- Promoting mutual recognition of green taxonomies;
- Establishing phased information disclosure mechanisms and
- Improving cross-border investment risk and accountability frameworks.
Taking ASEAN as an example, the taxonomy being developed emphasizes a key principle: not only supporting projects that are already “green,” but also those undergoing transition.
3. Advance digital and intelligent governance, shifting green financing from concept to data-driven practice.
Governments, regulators, multilateral financial institutions, and market participants should jointly build a system of shared risk and co-developed credit.
For the Global South, the future of green finance governance should not be passive adoption, but active participation in shaping rules and sharing responsibilities—creating a model that aligns with international standards while adapting to local development needs.
Cambodia also looks forward to deepening cooperation with all stakeholders to jointly advance this process.
