2 1 Shi Ji Jing Ji Bao Dao·2025-11-05 23:42Core Insights - Green finance has transitioned from an optional choice to a mandatory requirement for the banking industry, serving as a new engine for strategic transformation and a blue ocean market for future growth [1] - The balance of green financing at Industrial Bank has reached nearly 2.5 trillion yuan, with green loans exceeding 1 trillion yuan and a non-performing loan rate of only 0.57% [1] - The People's Bank of China and other departments have issued a unified policy framework for green finance, effective from October 1, 2025, to standardize various financial products [2] Group 1: Green Credit Growth - As of the end of 2024, the total balance of green credit among 42 A-share listed banks exceeded 27 trillion yuan, reflecting a year-on-year growth of approximately 20% [3] - State-owned banks dominate the green credit market, with the six major state-owned banks accounting for over 21 trillion yuan, representing 77.6% of the total [3] - Industrial Bank's green loan balance has risen to 1.08 trillion yuan, joining the "trillion club" [3] Group 2: Performance and Sector Focus - The average growth rate of green credit for A-share listed banks in 2024 was 20.6%, a slowdown from approximately 28% in 2023, yet leading institutions maintained strong growth [4] - The focus of green credit issuance is concentrated in four key areas: clean energy, green transportation, energy conservation and environmental protection, and green buildings [4] - The Yangtze River Delta, Guangdong-Hong Kong-Macau Greater Bay Area, and Chengdu-Chongqing Economic Circle are identified as core regions for green credit [4] Group 3: Product Innovation - A-share listed banks are deepening innovation in green financial products, creating a multi-dimensional product system that includes loans, bonds, asset securitization, insurance, and carbon finance [5] - Sustainable Development Linked Loans (SLL), carbon emission rights pledge financing, and environmental rights collateral loans are gaining traction [5] - Industrial Bank has launched the first green loan with biodiversity protection insurance, while Bohai Bank introduced a green loan linked to data center energy efficiency [6] Group 4: Broader Financial Tools - The issuance of green bonds has expanded, with the cumulative issuance of labeled green bonds in 2024 surpassing 4 trillion yuan [6] - Banks are actively participating in green wealth management and fund products, enhancing investor engagement through innovative offerings [6] - Carbon finance tools are transitioning from pilot programs to broader applications, with various banks introducing carbon emission rights pledge financing products [6] Group 5: Future Directions - The banking industry is expected to continue innovating green financial products to support sustainable economic development, moving beyond traditional green credit [7] - The development of ESG-linked loans and financing models using carbon emission rights as collateral will be explored [7] - These innovations will not only assist in achieving national carbon reduction goals but also cultivate new growth momentum for banks [7]