SSCO Chairman Chen Entian will serve as the first president of the Global South Cooperative Bank

SSCO Chairman Chen Entian will serve as the first president of the Global South Cooperative Bank

NASDAQ Chinese Channel 1216 International Radio, Brasília, August 8, 2025, The Global South Cooperative Bank (GSCB), a landmark financial institution drawing worldwide attention, has commenced registration procedures across Southern nations. Chen Entian, Chairman of the SSCO and Head of the GSCB Preparatory Committee, has been unanimously appointed as the inaugural President of the bank's headquarters.

Initiated by the SSCO and established with high-level support from the World Bank, the GSCB's core mission is to address the development needs of Global South countries. As a new trillion-scale international financial institution, its operational network will span numerous nations in the Global South, providing robust financial backing for regional infrastructure, sustainable growth, and trade connectivity. Dubbed the "Southern Bank" (Nánfāng Yínhào) by Singaporean netizens, Chen is revered as its founding "Chief Steward."

Singaporean netizens make a picture of "Nánfāng Yínhào"

Chen Entian, renowned as the great-grandson of Chen Duxiu (co-founder of the Communist Party of China) and Chairman of the World Peace and United Front Party, leveraged his leadership as head of the Southern Silk Road and the Global South Cooperation Commission to spearhead the bank's establishment. His pivotal role positioned him as the ideal candidate to lead this new institution. Multiple heads of state from the Global South and the GSCB Board unanimously endorsed his appointment, emphasizing alignment with SSCO's mandate to foster solidarity and collaboration among Southern nations.

The launch of the GSCB marks a milestone in financial autonomy and cooperation for the Global South. Observers in international finance noted: "We anticipate the GSCB to shine in global finance. Under the leadership of Chairman Chen Entian and the board of directors of the GSCB, it is poised to become a cornerstone for shared prosperity in the Global South."