三季度绿色贷款余额较年初增长17.5%｜绿色金融周报

Core Insights - The rapid development of the green finance market is leading to an increase in relevant information and data, with a focus on the latest trends and practices in green finance [1] Group 1: Green Loans - As of the end of Q3 2025, the balance of domestic and foreign currency green loans reached 43.51 trillion yuan, marking a 17.5% increase from the beginning of the year, with an increase of 6.47 trillion yuan in the first three quarters [2] - The breakdown of green loans by purpose shows that infrastructure upgrades, energy low-carbon transition, and ecological protection loans amounted to 19.29 trillion yuan, 8.32 trillion yuan, and 5.01 trillion yuan respectively, with significant increases in each category [2] - Key industries receiving green loans include electricity, heat, gas, and water supply, with a balance of 8.74 trillion yuan, and transportation and storage with 7.91 trillion yuan, both showing substantial growth [2] Group 2: Green Bonds - In the first half of 2025, China ranked first globally in green bond issuance, with a total of 48.3 billion USD, contributing to a global total of 6.2 trillion USD in the GSS+ market [3] - The issuance of GSS+ bonds increased by 17% year-on-year, with green bonds making up 61% of the total, indicating a strong market presence [3] - The issuance of sovereign green bonds in China, including a 6 billion yuan bond for projects like electric vehicles and flood control, highlights the growing role of the renminbi in global green finance [3] Group 3: Green External Debt - Xiamen has initiated a pilot program for green external debt, allowing domestic non-financial enterprises to engage in cross-border financing for green projects, with the first day seeing 1.154 million USD registered [4] - This pilot program aims to enhance the convenience of financing for green projects and attract global financial resources to support China's low-carbon development [4] Group 4: Carbon Pricing - The national carbon market saw a peak price of 55.67 yuan per ton last week, with a closing price reflecting a 4.77% increase from the previous week [5] - Cumulative carbon trading volume from January 1 to October 24, 2025, reached 118.76 million tons, with a total transaction value of approximately 7.79 billion yuan [6] Group 5: Innovative Financial Products - The first "carbon label" linked loan for meat products was issued in Hulunbuir, amounting to 150 million yuan, which incorporates carbon performance into the financing pricing system [7] - A 2.6 million yuan transformation financial loan was issued to a cement company in Suzhou, marking a significant step in local financial institutions supporting the green transition in the building materials sector [8] Group 6: ESG Reporting - The first regional ESG development report for listed companies in Foshan was released, providing insights into governance, disclosure levels, and improvement paths for local enterprises [9] - This report aims to enhance ESG management and disclosure among regional companies, promoting collaboration between local governments and market entities [9]