非银金融：解锁“气象×金融”融合密码，激发新质生产力潜能

Investment Rating - The report rates the non-bank financial sector as "Positive" with a target date of December 18, 2024 [3][22]. Core Insights - The report discusses the integration of meteorology and finance, emphasizing the development of financial meteorological services to support high-quality economic and social development. It outlines five key tasks, including enhancing insurance meteorological services and developing a financial meteorological tool system [4][5]. - The report highlights the benefits of the "meteorology × finance" model for financial institutions and weather-sensitive enterprises, suggesting that weather derivatives can provide more hedging options for managing weather risks [5][9]. - The report notes that the green insurance system in China is well-established, with 2023 green insurance premium income reaching 229.8 billion yuan, providing insurance coverage of 709 trillion yuan [9]. Summary by Sections Section: Financial Meteorological Services - The report outlines the establishment of a collaborative mechanism between meteorology and finance by 2025, aiming for a rich variety of financial meteorological index products and replicable service models [4]. - It emphasizes the need for innovation in meteorological insurance products, particularly in agriculture, and the development of weather index insurance for local crops [5]. Section: Insurance Sector - The insurance sector is identified as a key player in managing climate risks, with a focus on enhancing meteorological services and developing weather index insurance products [9]. - The report states that the agricultural insurance premium income in 2023 was 142.966 billion yuan, with a compound annual growth rate (CAGR) of 16.28% [9]. Section: Financial Meteorological Index - The report discusses the creation of financial meteorological indices to address the needs of weather-sensitive industries such as agriculture, energy, and transportation. It mentions the development of over 50 financial meteorological indices tailored to China's conditions [11]. - It highlights the innovative approach of combining temperature index insurance with futures financial products to create a risk management framework [11][18].