川财证券：研究所晨报-20241120

Core Insights - The report highlights the ongoing development of the global carbon market, which is becoming an essential tool for countries to address climate change through carbon pricing mechanisms [4][24]. - The approval of Article 6.4 of the Paris Agreement is seen as a historic moment that lays a solid foundation for global carbon trading, allowing countries to trade emission allowances and facilitating financial flows towards developing countries with potential carbon-related projects [4][24]. - For China, the implementation of Article 6.4 will align its CCER mechanism and carbon credit trading with global markets, enhancing international funding support for green technology exports and energy transition projects, thereby boosting the competitiveness of Chinese enterprises globally [4][24]. Market Highlights - The National Development and Reform Commission (NDRC) plans to increase support for the "two new" policies, aiming to benefit the public and improve economic conditions [2][9]. - The China Securities Regulatory Commission (CSRC) is focused on enhancing the coordination between investment and financing functions in the capital market, promoting a multi-tiered market system to support technological innovation [2][9]. - A new round of fee reductions for large-scale ETFs is anticipated, which may impact the investment landscape [2][10]. Industry Research - The report discusses the increasing fire safety risks associated with the growing number of new energy vehicles, prompting regulatory bodies to enhance safety standards for battery technology and management [13]. - The establishment of the "Belt and Road" International Technology Transfer Center in the Chengdu-Chongqing region is expected to create a robust international technology transfer system by 2026, enhancing the region's role in global technology innovation [13].