Interview: Dr. Ma Jun on Financing ASEAN’s Green Transition with Yuan Debt
One of the persistent barriers to accelerating the Association of Southeast Asian Nations (ASEAN) energy transition is the high cost of financing. This challenge is driven by perceived investment risks, a shortage of bankable green projects, and ongoing macroeconomic headwinds. In a recent interview with The Business Times, Dr. Ma Jun, former chief economist of the People's Bank of China and a central architect of the country's green finance ecosystem, shared his insights on how yuan-denominated debt could serve as an underutilized lever for lowering capital costs and deepening China-ASEAN green collaboration.