Jin Rong Shi Bao·2025-09-08 01:30Core Viewpoint - Commercial banks are actively enhancing their "green finance" initiatives to support the achievement of the "dual carbon" goals, focusing on both the growth and quality of green financial products and services [2][3][5]. Group 1: Green Credit Growth - Major commercial banks have maintained a high growth rate in green credit, with an increase of over 10% in the first half of the year, surpassing the average loan growth rate [3]. - As of June, the total green loan balance of six major state-owned banks reached 23.8 trillion yuan, with Industrial and Commercial Bank of China (ICBC) leading at over 6 trillion yuan and a growth rate of 16.4% [3]. - Other banks, including Agricultural Bank of China and China Construction Bank, also reported significant growth in green loans, with balances of 5.72 trillion yuan and growth rates of 14.6% and 14.88%, respectively [3]. Group 2: Green Bond Market - The green bond market is experiencing rapid growth, with 477 green bonds issued in 2024, totaling 681.43 billion yuan [5]. - Major banks are increasing their participation in the green bond market, with ICBC issuing a global multi-currency "carbon neutrality" themed green bond [6]. - China Bank led the underwriting of green bonds, with a total issuance of 2.11 trillion yuan domestically and 14.9 billion USD internationally [6]. Group 3: Product Innovation and Diversification - The demand for diverse financing solutions has led to an increase in the variety of green financial products, including green loans, bonds, and funds [5][7]. - Banks are focusing on innovative products such as floating-rate green bonds and carbon finance services, including carbon emission rights collateralized loans [6][7]. - Future developments may include the introduction of carbon derivatives and the establishment of green industry investment funds targeting renewable energy and resource recycling [7].