Core Insights - The article highlights the first VEP (Value of Ecosystem Products) pledge loan by Industrial Bank, amounting to 100 million yuan, secured against the ecological value of the Sichuan Xichang Qionghai Wetland Scenic Area [1][2] - VEP represents the total value of various ecological product revenues generated within a specific geographic area over a defined development period, focusing on material supply, regulatory services, and cultural services [1] - Industrial Bank has been a pioneer in green finance in China, developing innovative products like carbon emission rights pledge loans and water rights pledge loans to enhance green financing accessibility for enterprises [2] Company Initiatives - Industrial Bank has launched several innovative green financial products, including the first GEP (Gross Ecosystem Product) pledge loan in Sichuan and the first market-based forestry biological asset note pledge loan in Fujian [2] - The bank aims to bridge the gap between ecological value and financial value, promoting the dual transformation of "green mountains and clear waters" into "golden mountains and silver mountains" through its financial products [2] - As of the end of September, Industrial Bank's green finance financing balance reached 2.47 trillion yuan, with green loan balance at 1.103781 trillion yuan, supporting projects that can reduce carbon dioxide emissions by over 27 million tons annually [2]
兴业银行落地系统内首笔VEP质押贷款