环保及公用事业行业周报：化债有望成为环保投资新主线

Investment Rating - The report maintains an investment rating of "Leading the Market - A" [25] Core Insights - The Ministry of Finance announced a comprehensive fiscal plan with a focus on debt resolution, which is expected to significantly alleviate local government debt pressure and free up resources for economic development [24][33] - Short-term focus is recommended on environmental companies with high accounts receivable pressure, such as "Bishuiyuan" and "Mengcao Ecology," while long-term prospects are positive for sectors with clear business models like sanitation services and waste treatment [24][33] - Industrial power generation data for September shows accelerated growth in thermal and wind power generation, with wind power increasing by 31.6% year-on-year [24][33] Summary by Sections Industry Trends - From October 12 to October 18, 2024, the Shanghai Composite Index rose by 1.36%, the ChiNext Index increased by 4.49%, while the public utility index fell by 0.76% and the environmental index rose by 4.08% [55] Market Information Tracking - The national carbon emissions trading market saw a total transaction volume of 3.4553 million tons and a total transaction value of 346 million yuan this week [36] - The average transaction price for carbon emissions in Beijing was the highest at 109.68 yuan/ton, while Fujian had the lowest at 26.72 yuan/ton [36] Focused Target Portfolio - Recommended stocks include "China General Nuclear Power," "China Nuclear Power," "Xinj Energy," "Shaanxi Energy," "Lantian Gas," "Fuan Energy," and "Wang Natural Gas" [34][36] Industry News - The Ministry of Ecology and Environment released the 2024 National Environmental Health Management Pilot List, designating 23 regions including Haidian District in Beijing as pilot areas [43] - The People's Bank of China and other departments issued opinions to enhance green finance services for the construction of a beautiful China [43]