Biodiversity loss has far-reaching consequences for human existence, contributing to climate change, jeopardizing food security, and posing a threat to human survival. According to the United Nations Environment Programme, approximately one million out of an estimated eight million species are at risk of extinction. In response to this crisis, the Kunming-Montreal Global Biodiversity Framework, unveiled in 2022, establishes ambitious targets aimed at halting and reversing the decline in nature by 2030. Biodiversity financing is crucial for achieving sustainable development and realizing the objectives outlined in the Kunming-Montreal Framework. At COP28, governments and relevant institutions, including China, convened to discuss biodiversity finance. The article, authored by the Department of International Communication and Cooperation of IIGF, will delve into the present state of biodiversity finance in both China and the global context, providing insights into the latest developments in this field.