金融精准滴灌绿色发展，保障美丽中国建设

Core Insights - The People's Bank of China reports rapid growth in green loans, highlighting the importance of green finance in supporting economic transformation and the construction of a beautiful China [1][2] - Financial institutions are enhancing the quality of financial supply for green transformation, with a focus on carbon reduction, pollution control, and expanding green initiatives [2][3] Credit Supply Increase - The green financial system in China is continuously improving, with the People's Bank of China encouraging financial institutions to increase credit supply to green sectors [2] - As of July, the balance of green loans at China Construction Bank exceeded 5.74 trillion yuan, accounting for over 20% of total loans [2] - By the end of Q3 2025, the balance of green loans reached 43.51 trillion yuan, a 17.5% increase from the beginning of the year [3] Product Innovation - Financial institutions are innovating in the carbon market, providing diverse green financial products to support low-carbon development [4] - The introduction of carbon pledge financing allows companies to use carbon emission quotas as collateral for loans, representing a significant financial innovation [4][5] Transition Finance - Transition finance is emerging to support high-carbon industries like steel and cement in their green transformation, addressing their unique financing needs [7][8] - The People's Bank of China has been actively developing transition finance standards to support traditional industries in their upgrade efforts [8][9] Information Disclosure - There is a need to improve the quality of information disclosure for transition entities, with clear requirements for sustainable planning and reporting [9]