China's public welfare forests are rich in resources,especially in the poor areas where the proportion of public welfare forests is high with large,reserves and huge economic potential.The public welfare forests should play a more active role in the overall ecological poverty alleviation.In order to explore the effective means of public welfare forest financing,Hechi City actively innovated the practice,gradually explored and developed the pledge loan mechanism for expected earning rights of public welfare forests with local characteristics.The local practice experience of Hechi City has a certain reference significance for the formulation of relevant policies and local practice work.Building and improving the loan mechanism for the pledge of the expected revenue rights of the public welfare forest needs to be promoted from five aspects:comprehensively deepening forestry finance reform,innovating forestry management system,deepening forestry investment mechanism reform,deepening forest rights transfer mechanism reform,regulating forest rights transfer market.