简单来说，数字人民币"碳普惠"服务是鼓励公众践行低碳行为的一项服务。个人做的每一件环保小事， 比如骑共享单车、乘坐地铁公交，都能被量化成"碳积分"。这些碳积分不仅可以记录个人的绿色足迹， 还能兑换为实实在在的数字人民币。 数字人民币运营管理中心相关负责人表示，下一步将协同业务运营机构，持续引入更多低碳场景；同时 加快拓展参与地区，构建多城市协同的碳普惠服务网络。 （文章来源：新华财经） 新华财经北京1月8日电从中国人民银行数字人民币运营管理中心获悉，为丰富数字人民币在"绿色金 融"场景的运用，数字人民币运营管理中心协调并支持业务运营机构构建碳普惠领域的创新应用场景， 在数字人民币App内推出"碳普惠"小程序服务并率先在上海地区上线。 据了解，用户开通该服务后，日常绿色低碳行为产生的碳积分将自动归集至"碳普惠"账户，并可以兑换 数字人民币。"碳普惠"小程序首批接入Metro大都会（上海地铁）、哈啰出行和T3出行三大平台。 ...

为丰富数字人民币在"绿色金融"场景的运用，数字人民币运营管理中心协调并支持业务运营机构构建碳 普惠领域的创新应用场景，在数字人民币App内推出"碳普惠"小程序服务并率先在上海地区上线。 用户开通该服务后，日常绿色低碳行为产生的碳积分将自动归集至"碳普惠"账户，并可以兑换数字人民 币。 下一步，数字人民币运营管理中心将协同业务运营机构，持续引入更多低碳场景；同时加快拓展参与地 区，构建多城市协同的碳普惠服务网络。 什么是数字人民币"碳普惠"服务？ 数字人民币"碳普惠"服务是鼓励公众践行低碳行为的一项服务。简单来说——你做的每一件环保小事， 比如骑共享单车、乘坐地铁公交，都能被量化成"碳积分"。这些碳积分不仅可以记录你的绿色足迹，还 能兑换为实实在在的数字人民币。 首批接入三大低碳场景 "碳普惠"小程序首批接入Metro大都会（上海地铁）、哈啰出行和T3出行三大平台： 只要你在数字人民币App内登录了"碳普惠"小程序，并关联上述平台的账号，以后你使用公共交通或共 享出行服务时，系统会自动记录你的低碳行为，并将对应的碳积分归集到你的"碳普惠"账户中。 如何开通？ 1. 打开数字人民币App → 进入服务页 → 找到 ...

Group 1 - The core viewpoint of the articles highlights the transformation of the coal industry in Shanxi, particularly focusing on the development of coalbed methane (CBM) and its integration into green finance initiatives to support low-carbon transitions [1][4][8] - Shanxi's Jinchen city has seen a significant increase in coalbed methane utilization, with production rising from 3.59 billion cubic meters to 5.48 billion cubic meters, achieving a city gasification rate of over 95% [4][8] - The financial support from institutions like the Industrial and Commercial Bank of China has been crucial, providing tailored financing solutions, including a total of 100 million yuan in working capital loans since 2025 [7][8] Group 2 - The technology employed by Qinshi River Gas Power Co., which includes a self-developed waste heat recovery power generation technology, has improved energy conversion efficiency to over 80% and reduced nitrogen oxide emissions to internationally advanced levels [3][4] - The financial ecosystem in Jinchen has been enhanced through the establishment of a communication mechanism between financial institutions and local government, leading to a comprehensive support directory for green projects [8][25] - The shift towards intelligent mining in Shanxi, with a focus on reducing labor and increasing efficiency, has been supported by financial institutions, which have recognized the need for substantial investment in technology and infrastructure [9][10][11] Group 3 - The Lu'an Coal-based Clean Energy Company is leading the charge in high-end coal chemical product development, with a projected total output value of 71.5 billion yuan in 2024, making it the top in the province [20][22] - The company has developed 54 types of coal-based synthetic products, filling domestic gaps and focusing on import substitution, thus enhancing its market competitiveness [21][22] - Financial institutions have provided long-term, stable credit support, including a 1 billion yuan project loan for the Lu'an 180 project, which is crucial for equipment procurement and construction [22][24] Group 4 - The articles emphasize the importance of a systematic financial support framework that aligns with the industrial transformation needs, moving from traditional coal reliance to innovative, high-value product development [24][25] - The integration of technology and finance is seen as essential for the successful transition of resource-based regions, enabling the extension of value chains and the broadening of application scenarios [25]

Core Viewpoint - The development of the coalbed methane industry in Jincheng is significantly supported by green finance policies, which have created a favorable environment for the industry's growth and transformation [1][4]. Group 1: Industry Development - The coalbed methane industry in Jincheng has seen substantial growth, with the surface utilization of coalbed methane increasing from 3.59 billion cubic meters to 5.48 billion cubic meters, and the city achieving a gasification rate of over 95% [4]. - Jincheng is recognized as the largest anthracite production base in China, possessing abundant coalbed methane resources, which are crucial for the city's energy transition [4]. - The city has constructed a total of 12,000 wells, making it a national demonstration base for coalbed methane exploration and utilization [4]. Group 2: Technological Innovation - The company has developed a waste heat recovery power generation technology that enhances the overall energy conversion rate to over 80%, while controlling nitrogen oxide emissions to internationally advanced levels [3]. - The traditional method of burning coalbed methane directly has been replaced by power generation, which is more economical, efficient, and environmentally friendly [3]. Group 3: Financial Support - The Industrial and Commercial Bank of China (ICBC) Jincheng branch has provided 100 million yuan in working capital loans to the company, addressing the financial pressures associated with the long investment cycles and technology-intensive nature of the coalbed methane industry [4][5]. - Financial institutions in Jincheng have issued a total of 2.88 billion yuan in loans for carbon reduction and technology transformation projects, supporting the local energy revolution [5]. - The People's Bank of China Jincheng branch has actively engaged with local energy strategies, creating tailored financial support plans and facilitating communication between banks and enterprises [5].

2026年01月08日 国泰君安期货商品研究晨报-绿色金融与新能源 观点与策略 | 镍：现实压力背负与周期转变叙事博弈，宽幅震荡 | 2 | | --- | --- | | 不锈钢：现实基本面拖累，盘面博弈印尼政策为主 | 2 | | 碳酸锂：高位震荡，关注市场情绪变化 | 4 | | 工业硅：硅料减产，逢高布空 | 6 | | 多晶硅：消息面影响较大 | 6 | 请务必阅读正文之后的免责条款部分 1 期货研究 商 品 研 究 国 泰 君 安 期 货 研 究 所 商 品 研 究 2026 年 1 月 8 日 镍：现实压力背负与周期转变叙事博弈，宽幅震荡 不锈钢：现实基本面拖累，盘面博弈印尼政策为主 张再宇 投资咨询从业资格号：Z0021479 zhangzaiyu@gtht.com 【基本面跟踪】 镍基本面数据 | | | 指标名称 | T | T-1 | T-5 | T-10 | T-22 | T-66 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 沪镍主力（收盘价） | 147,720 | 7,920 | 14,870 | ...

Core Viewpoint - The collaboration between Xin'ao Co., Ltd. and MUFG Bank has successfully launched a green supply chain finance product aimed at integrating supply chain financing with sustainable development goals, thereby reducing financing costs and enhancing capital allocation efficiency [1][2]. Group 1: Product Overview - The "Sustainable Supply Chain Financing" comprehensive plan innovatively links financing pricing mechanisms with the sustainable performance of the supply chain, utilizing the CDP (Carbon Disclosure Project) scoring system to dynamically adjust financing interest rates based on suppliers' environmental performance and transparency in information disclosure [1]. - This mechanism not only provides cost reduction benefits to clients but also encourages supply chain partners to actively reduce carbon emissions and strengthen ESG capabilities, thereby enhancing overall information disclosure and promoting long-term sustainable development across the supply chain [1]. Group 2: Strategic Collaboration - The collaboration was closely coordinated between MUFG Bank and Xin'ao's ESG team along with its factoring subsidiary, focusing on the deep integration of carbon reduction and supply chain financial services, marking an innovative practice in the green finance sector [1]. - This transaction represents MUFG Bank's first sustainable supply chain financing deal in the Greater China region, highlighting the bank's commitment to supporting sustainable business development for Chinese enterprises [1]. Group 3: Leadership Insights - The Chairman and Co-CEO of Xin'ao, Jiang Chenghong, emphasized that the green supply chain finance product serves as an innovative vehicle for high-quality development, linking banks with various parties in the supply chain to lower financing costs and accelerate the green transformation process [2]. - The Vice President of MUFG Bank (China), Lin Shuwen, stated that assisting Xin'ao in completing the sustainable supply chain financing transaction reflects the bank's capabilities and determination in sustainable finance, and expresses the intention to deepen cooperation with Xin'ao [2].

Core Viewpoint - Beijing Bank has achieved significant growth and development over its 30-year history, emphasizing the integration of party leadership into its governance and operations, while focusing on differentiated and innovative financial services to support China's modernization efforts [3][4][6][12]. Group 1: Historical Growth and Achievements - Established in January 1996, Beijing Bank has grown its total assets from over 20 billion yuan to nearly 4.9 trillion yuan by 2025, ranking 49th in the "2025 Global Bank 1000" list by The Banker magazine [3]. - The bank has expanded its party organization to 562 branches with 9,321 members, enhancing its operational capabilities in business development and risk management [5]. Group 2: Governance and Leadership - The bank's party committee plays a crucial role in ensuring that major decisions align with national strategies and industry trends, fostering a modern governance mechanism [4]. - The bank has implemented a comprehensive governance structure that clearly defines responsibilities and promotes effective decision-making and execution [4]. Group 3: Financial Services and Community Impact - Beijing Bank has actively supported urban development projects in Beijing, including the renovation of commercial areas and infrastructure, integrating financial support into the city's modernization [6]. - The bank has provided over 600 billion yuan in credit support to more than 16,000 cultural and creative enterprises, significantly contributing to the growth of the cultural industry in the capital [6]. Group 4: Differentiated Development Strategies - The bank has established a "first strategy" in technology finance, achieving a loan balance of 437.71 billion yuan by September 2025, reflecting a twofold increase over three years [8]. - It has also developed a range of green financial products, with a loan balance of 265.46 billion yuan in green finance, maintaining steady growth [8]. Group 5: Inclusive and Digital Finance - Beijing Bank has focused on inclusive finance, supporting over 20,000 small and micro enterprises since 2020, with a loan balance of 260.81 billion yuan for inclusive small and micro enterprises by September 2025 [9]. - The bank is actively participating in digital currency pilot programs and has initiated the construction of a financial operating system to enhance service efficiency [10][12]. Group 6: Future Directions and Innovations - The bank aims to build a "five distinctive banks" model, focusing on comprehensive financial services across various life stages, including children's finance and elderly care [11]. - It is committed to advancing digital transformation and AI integration, with initiatives like the "京智大脑" AI platform and a robust risk management system to ensure operational safety [12].

Core Viewpoint - The Chinese government is implementing a comprehensive set of policies to stabilize foreign trade and investment, enhance cross-border financing reforms, and support new trade formats like cross-border e-commerce, aiming for a more convenient, open, secure, and intelligent foreign exchange management system in 2026 [1][3]. Group 1: Foreign Trade and Investment Stability - In 2025, China's total import and export value reached 41.21 trillion yuan, a year-on-year increase of 3.6% [3]. - The number of newly established foreign-invested enterprises was 61,207, reflecting a 16.9% year-on-year growth [3]. - The actual use of foreign capital amounted to 693.18 billion yuan, supported by a package of foreign exchange policies [3]. Group 2: Cross-Border E-Commerce and New Trade Formats - In 2025, over 1 billion online foreign exchange transactions related to cross-border e-commerce were processed, serving more than 1.8 million small and micro businesses [4]. - The foreign exchange hedging ratio for enterprises reached a historical high of 30.2% [4]. Group 3: Financial Policies and Support for Innovation - The State Administration of Foreign Exchange (SAFE) has expanded cross-border financing channels for high-tech and specialized enterprises, allowing eligible companies to borrow up to $1 million in foreign debt without restrictions [5][6]. - The "Kehui Tong" pilot program for non-enterprise research institutions has been expanded nationwide to facilitate foreign investment [6]. - SAFE has initiated a green foreign debt business pilot, with a scale of approximately $1.1 billion, to support green and low-carbon projects [6]. Group 4: Future Work Focus - The focus for 2026 includes optimizing trade foreign exchange management, expanding high-level cross-border trade pilot programs, and enhancing support for new trade formats [4][6]. - SAFE aims to continue developing the cross-border financial service platform, expanding its application scenarios to better serve enterprises [6].

立身之本 三十岁的北京银行，恰如"三十而立"的人生盛年，以稳健之姿，迈着铿锵有力的发展步伐。 从1996年在首都成立，成长为2026年支持中小企业、服务实体经济、助力民生改善的首都重要金融力量，北京银行用三十年完成了一场深刻的蜕变，其历程 诠释了"金融为民 相伴成长"的深刻内涵，书写了一段与城市共生长、与民生同呼吸的金融故事。 . r with 0 117 trans 8 8- 173 te er 9 W pg I s 108 IT AUg 4 9 4 L 89 t and F HELLO 好自此 y O Trip O Trip O Trip Oving T PRING " " 1 l CHIP 北京银行还积极向全国其他区域复制推广科技金融特色服务模式，在南京、天津、深圳、石家庄、乌鲁木齐等城市陆续打造了"灵雀计划""津科成长""百凤 千鹰""瞪羚快贷""深智贷""科冀贷""知疆通"等科技金融子品牌，形成了辐射全国的科技金融服务网络。"北京银行很懂我们，不仅能够很好地了解机器人这 个行业，还能了解我们这些创业企业可能面临的一些困难。"有了北京银行的金融支持，数字华夏（深圳）科技有限公司创始人、CEO沈健对未来 ...

Core Viewpoint - The wealth management sector in the securities industry has become a key driver of performance growth, with a focus on high-quality development and the establishment of an open ecosystem [1] Development Model - The transition from a "sales-driven" model to a "buy-side advisory" and "service ecosystem" approach is underway, emphasizing client interests over mere sales performance [2] - The proportion of investment advisors among all employees has increased by nearly 6 percentage points over the past six years, yet advisory income remains in single digits, indicating limitations of the traditional sales model [2] Service Ecosystem - The construction of a service ecosystem is evolving beyond single product sales to encompass comprehensive services that address clients' full lifecycle needs [3] - Service logic has shifted from "single product sales" to "lifecycle management," with customized service plans for different client stages [3] - Advisory services have moved from "standardized recommendations" to personalized asset allocation based on individual client characteristics [3] Product Innovation - Wealth management is aligning with national strategies and long-term resident needs, focusing on technology and green finance products [4] - Major firms are establishing specialized asset management plans and investment funds to support high-tech and specialized enterprises, as well as launching green-themed products to direct funds towards sustainable industries [4] - A diverse and personalized product system is being developed to cater to various client groups, including retirement planning and family trust solutions for high-net-worth clients [4] Capability Building - Financial technology is becoming a core competitive advantage, with increased investment in digital tools and AI to enhance service efficiency and client experience [5] - Quantitative techniques and machine learning are being utilized for investment decision-making and risk monitoring [5] - Chinese firms are expanding internationally through cross-border financial products and global asset allocation services, addressing the needs of high-net-worth clients [5] Industry Narrative - The narrative of wealth management is shifting the competitive landscape, with a focus on professional research capabilities, deep client engagement, and comprehensive ecosystem development [5] - The role of securities firms is evolving from "transaction providers" to "wealth custodians" and "long-term partners," aiming to protect residents' wealth and support the real economy [5]