Xin Hua Cai Jing·2025-10-30 12:54Core Insights - The financial assets of China National Petroleum Corporation (CNPC) have exceeded 1.1 trillion yuan, with total managed assets surpassing 1.6 trillion yuan, indicating a successful exploration of a unique path for industrial groups to engage in financial services [1][2] Group 1: Financial Development - CNPC's financial business began in 1995 and has evolved over 30 years, focusing on the integration of industry and finance, promoting production through finance, and establishing a comprehensive financial product and service system tailored to the oil and gas industry [1] - The company has developed a robust financial risk prevention and isolation mechanism, enhancing its resilience and overall competitiveness [1] Group 2: Energy Transition Strategy - CNPC is accelerating the transition to a clean, low-carbon energy structure through a three-step strategy: "clean substitution, strategic replacement, and green transformation" [2] - The company aims to establish a new energy production and supply system that is clean, low-carbon, safe, efficient, and complementary across multiple energy sources, while enhancing the service and value creation capabilities of its financial and capital operations [2]