Core Viewpoint - The "ESG Action Group" data platform has updated its ESG rating data for 2024, reflecting the growing importance of ESG factors in investment decisions and corporate governance [1] Group 1: ESG Ratings Overview - The number of A-share listed companies included in the ESG ratings has increased to 5,354 from 5,330 last year, covering major exchanges in Shanghai, Shenzhen, and Beijing [2] - The average ESG scores for the top five industries are in insurance, catering, construction installation, postal services, and black metal mining [2][5] - The average ESG scores for listed companies in Beijing, Tianjin, Ningxia, Shanghai, and Hainan rank highest among regions, with scores of 59.03, 57.96, 55.84, 54.34, and 53.93 respectively [7] Group 2: Industry and Regional Insights - The analysis indicates that industries with fewer listed companies may show inflated ESG scores due to the "head effect" from top-performing firms [6] - Industries such as ecological protection, power production, and waste resource utilization have high average ESG scores when excluding smaller sample sizes [6] - The ranking of listed companies by ESG scores has changed slightly, with local governments increasingly prioritizing sustainable development through policy initiatives [7] Group 3: Corporate Nature and Board Performance - The ranking of ESG scores by corporate nature is led by central state-owned enterprises, followed by other enterprises, local state-owned enterprises, public enterprises, collective enterprises, foreign enterprises, and private enterprises [8] - The scoring order by listing board remains consistent with last year, with the Sci-Tech Innovation Board leading, followed by the Main Board, Growth Enterprise Market, and North Exchange Market [8] Group 4: Regulatory and Market Developments - The regulatory focus on enhancing ESG rating capabilities in China's capital market has intensified, with the Shanghai Stock Exchange implementing a special action plan to improve ESG ratings [12] - By the end of 2024, 342 listed companies in Shanghai are expected to be included in the MSCI ESG ratings, with 100 companies achieving upgrades in their latest ratings [12] - The action plan emphasizes the importance of both international and domestic ESG rating systems, advocating for a dual benchmarking approach for companies [13]

Core Viewpoint - The Shanghai Stock Exchange has officially launched an action plan to enhance the ESG ratings of listed companies, focusing on six key initiatives to improve governance and investment attractiveness in the capital market [1][2]. Group 1: Action Plan Initiatives - The action plan includes conducting industry-specific ESG management performance analyses and rating results, creating best practice templates for companies, and encouraging social security funds to incorporate ESG ratings into investment decisions [1][2]. - It aims to provide specific guidance on governance structures and management capabilities related to key rating indicators, as well as to enhance the understanding of various rating methodologies [1][2]. Group 2: Financial Incentives and Market Impact - Financial institutions are encouraged to integrate ESG ratings into their financing products, including equity, credit, and bond offerings, and to develop ESG-themed ETFs and index tracking funds [2]. - The action plan promotes the involvement of professional investors as active shareholders to improve ESG management performance and rating levels [2]. Group 3: Current ESG Rating Landscape - As of the end of 2024, 342 listed companies in Shanghai are included in the MSCI ESG rating, with 100 companies experiencing rating upgrades, and 8 companies achieving the highest AAA rating [3]. - By May 2025, 22% of listed companies in Shanghai saw an increase in their China Securities ESG ratings compared to the previous year, with over 70% rated between AAA and BB [4].

Core Viewpoint - The Shanghai Stock Exchange has completed the "Action Plan for Promoting the Improvement of ESG Ratings of Listed Companies in the Shanghai Market," aiming to enhance the ESG rating levels of listed companies and attract long-term capital investment [1][4]. Group 1: Current ESG Rating Status - The ESG rating of listed companies in the Shanghai market needs significant improvement, as ESG ratings are crucial for investment decisions and portfolio construction [2]. - By 2025, global ESG assets are expected to exceed $50 trillion, highlighting the growing importance of ESG ratings in attracting investments [2]. - As of the end of 2024, 342 listed companies in the Shanghai market are included in the MSCI ESG rating, with 100 companies experiencing rating upgrades [3]. Group 2: Action Measures Proposed - The action plan includes six key initiatives to address the challenges in improving ESG ratings, such as providing rating guidance and improving information disclosure [4][5]. - The plan emphasizes the importance of communication between listed companies and rating agencies, including training and sharing sessions [4]. - It encourages companies to identify financially significant issues and enhance their ESG disclosures to meet investor needs [4][6]. Group 3: Best Practices and Incentives - The action plan aims to establish best practice models based on leading companies' experiences in international and domestic ESG ratings [5]. - It proposes to strengthen positive incentives by integrating ESG ratings into various financial products and investment decisions [5]. - The plan encourages the involvement of professional investors in corporate governance to enhance ESG management performance [6].

Core Viewpoint - The article emphasizes the importance of communication between listed companies and rating agencies to improve ESG ratings and promote sustainable development practices [1][2]. Group 1: ESG Rating Improvement - The Shanghai Stock Exchange has developed a plan to enhance ESG ratings for listed companies, focusing on six key initiatives, including promoting communication with rating agencies [1]. - Effective communication can help companies identify weaknesses in their ESG management and create improvement plans, leading to better integration of ESG principles into corporate strategies [1][2]. - A case study highlighted that a real estate company improved its ESG rating by one level after providing more detailed ESG data following communication with the rating agency [1]. Group 2: Feedback and Challenges - Feedback from companies primarily revolves around qualitative indicators, with misunderstandings about definitions and scattered information disclosure channels being common issues [3]. - Companies often fail to disclose comprehensive data, such as cumulative achievements in green initiatives, which can hinder the rating process [3]. Group 3: Effective Communication Strategies - Companies are advised to enhance communication with rating agencies by detailing data, ensuring the reliability of supplementary information, and preparing targeted materials for low-scoring indicators [4][5]. - Establishing a regular communication platform and creating a dedicated ESG section on company websites for timely updates and disclosures are recommended practices [5]. Group 4: Case Example - Xiamen Tungsten Co. has aligned its 2024 sustainability report with domestic and international standards, receiving recognition as the "Most Improved Company" in the metals and mining sector for its ESG practices [6].

Focus Events - Guosen Securities has received approval from the Shenzhen Stock Exchange for the acquisition of 96.08% of Wanhe Securities, marking the third broker merger project approved since last year, pending further approval from the CSRC [1] - The People's Bank of China is set to announce the June Loan Prime Rate (LPR), with the current 1-year LPR at 3% and the 5-year LPR at 3.5% [1] Macro News - He Lifeng, a member of the Political Bureau of the CPC Central Committee, stated at the Qingdao Summit that China is an ideal, safe, and effective investment destination for multinational companies due to its vast domestic market and complete industrial system [1] Industry Dynamics - Three departments have mandated that car manufacturers must not engage in exaggerated or false advertising and must uphold product quality, emphasizing long-term responsibility and avoiding short-term cost-cutting measures [4] - The Chinese photovoltaic industry is expected to see a significant production cut of 10% to 15% in the third quarter as part of a "production limit to maintain prices" strategy [6] - The Ministry of Commerce announced it will expedite the review of rare earth export license applications to maintain global supply chain stability [6] Company Focus - Suning.com plans to sell four Carrefour subsidiaries for a total of 4 yuan, which is expected to increase the company's net profit by approximately 572 million yuan [9] - CATL intends to use up to 4.5 billion yuan of idle fundraising for cash management in safe, liquid deposit products [9] - Xiaomi has invested 635 million yuan to acquire 728 acres of industrial land in Beijing for the construction of a new energy intelligent connected vehicle manufacturing project [9][10] - Jinzongzi Wine clarified that it is not exiting the liquor industry, but is standardizing its business scope in compliance with regulatory requirements [11] - Konda New Materials plans to acquire at least 51% of Chengdu Zhongke Huamei Electronics to expand into the semiconductor integrated circuit sector [11] - Online and Offline announced a potential change in control, leading to a temporary suspension of its stock [12] - Taiji Co. announced that the Hubei State-owned Assets Supervision and Administration Commission has become the controlling shareholder, with stock resuming trading [13][14] - Zhongyan Chemical plans to agree to a capital reduction for Zhongyan Alkali Industry, which is expected to constitute a major asset restructuring [15] - Lianchuang Optoelectronics reported strong demand for drone countermeasures in the Middle East and is actively engaging with potential local clients [15] - Shengnuo Bio expects a net profit increase of 253.54% to 332.10% for the first half of 2025, driven by strong performance in its peptide raw material business [16] - *ST Gongzhi's stock will resume trading and enter a delisting preparation period, with the last trading date expected to be July 10, 2025 [17]

Report Industry Investment Rating No relevant content provided. Core Viewpoints The report comprehensively presents the overnight market trends of domestic and international futures, important macro - economic and geopolitical news, and the performance of various financial markets. It also outlines upcoming economic data releases and events, highlighting the complex and dynamic nature of the global economic and financial landscape, especially under the influence of geopolitical tensions in the Middle East and central bank policies [2][3][6]. Summary by Directory Overnight Night - Market Trends - Domestic futures: PTA and PX rose over 3%, SC crude oil, fuel oil, etc. rose over 2%;沪锡,烧碱,沪银 fell over 1% [2] - International oil prices: WTI crude oil rose 0.52% to $73.88/barrel, Brent crude oil rose 2.66% to $78.74/barrel [3] - International precious metals: COMEX gold futures fell 0.61% to $3387.4/ounce, COMEX silver futures fell 1.5% to $36.36/ounce [4] - London base metals: Most fell, LME aluminum fell 0.84%, LME tin fell 0.79%, LME copper fell 0.37%, LME zinc rose 0.38% [4] Important Information Macro Information - Geopolitical events: China called for a cease - fire in the Middle East conflict; the Iranian reactor was attacked; Iran responded to US threat; Trump criticized Powell; EU may accept 10% "reciprocal" tariff; Zelensky was ready to meet Putin; Israel aimed to eliminate Khamenei [6][7][8] Energy and Chemical Futures - Inventory changes: Glass inventory rose 0.29% to 6988.7 million heavy boxes; paper pulp inventory rose 1.1% to 220.8 million tons; Singapore fuel oil inventory fell to a 5 - week low; domestic soda ash inventory rose 2.40%; East China methanol inventory fell 2.71 million tons [12][13][14] Metal Futures - Lithium carbonate auction: 300 tons each of Ronghui and Yongshan lithium carbonate were auctioned at 59910 yuan/ton and 60010 yuan/ton respectively [16] - Photovoltaic industry: Planned to cut production by 10% - 15% in Q3 and implement strict price - protection policies [18] Black - Series Futures - Silicon manganese pricing: HeSteel Group set the June silicon manganese price at 5650 yuan/ton [21] - Steel product data: Rebar production increased 2.22%, factory inventory decreased for the fourth week, social inventory decreased for the fifteenth week, and apparent demand decreased for the third week [21] Agricultural Futures - Sugar export: The number of ships waiting to load sugar in Brazilian ports decreased, and the waiting sugar volume decreased to 285.39 million tons [24] - Pig data: The average live - weight of national outer - ternary pigs decreased to 123.78 kg, a 3 - month low [25] - Canadian rapeseed: Export volume decreased 17.05% to 13.14 million tons in the week ending June 15 [25] Financial Markets Financial - A - shares and Hong Kong stocks: A - shares fell, with over 4600 stocks declining; Hong Kong stocks also fell, and Southbound funds had net purchases of HK$1427 million [27] - ESG action: The Shanghai Stock Exchange launched a special action plan to improve ESG ratings of listed companies [29] - IPO situation: There were over 160 companies queuing for IPO in Hong Kong, and 40+ filed in May [29] Industry - New energy vehicles: Three departments studied new energy vehicle safety management, emphasizing no "involution" competition [30] - Photovoltaic industry: Planned for deeper production cuts in Q3 and implemented strict price - protection policies [30] - Real estate: Guangzhou continued to purchase existing housing as resettlement housing; Xi'an introduced new housing policies [32] Overseas - US politics and economy: Trump criticized Powell; the US Senate postponed sanctions on Russia; Zelensky wanted to meet Putin; multiple central banks adjusted interest rates [33][34][36] - Trade issues: The EU tried to reach a trade deal with the US; Canada planned tariff measures [36] - Global investment: Global FDI decreased 11% in 2024, with Europe down 58%; Asia attracted $605 billion [37] International Stock Markets - US stocks: Closed on June 19 for Juneteenth [41] - European stocks: Fell due to Middle East geopolitical risks and Fed policies [41] - US retail investors: Bullish sentiment decreased, and bearish sentiment increased [41] Commodities - Crude oil: International oil prices rose, with a geopolitical risk premium of about $8/barrel in Brent crude [44] - Precious metals: International precious metals futures fell, affected by Fed policies [44] - Base metals: Most London base metals fell, influenced by supply - demand and Fed policies [45] Bonds - Domestic bonds: Yields of domestic inter - bank bonds mostly rose, and bond ETF support measures were studied [46][48] - International bonds: European bond yields rose due to geopolitical risks and market sentiment [48] Foreign Exchange - Hong Kong dollar: The Hong Kong Monetary Authority warned of potential weakening of the Hong Kong dollar [49] - RMB: The RMB's global payment share decreased in May; on - shore and off - shore RMB had different performances [50][52] - US dollar: The US dollar index fluctuated, affected by Fed policies and market sentiment [52] Upcoming Economic Data and Events - Economic data: Include UK consumer confidence, Japanese CPI, Chinese LPR, etc. [55] - Events: Include Japanese and Chinese central bank operations, speeches by central bank governors, etc. [57]

Group 1 - The Ministry of Commerce of China is accelerating the review of export license applications related to rare earths, emphasizing the importance of maintaining global supply chain stability [2] - The Chinese government is willing to enhance communication and dialogue with relevant countries regarding export controls to facilitate compliant trade [2] Group 2 - The Chinese Ministry of Industry and Information Technology, along with other departments, held a video conference to strengthen safety management in the new energy vehicle sector, emphasizing the responsibility of manufacturers for product quality and safety [5] - Companies are urged to avoid exaggerated claims and ensure consumer safety while maintaining long-term commitments rather than engaging in short-term cost-cutting measures [5] Group 3 - The Shanghai Stock Exchange has developed a special action plan to enhance ESG ratings for listed companies, aiming to improve the quality of ESG information disclosure and promote long-term capital inflow [4] - The action plan includes six key initiatives: providing rating guidance, promoting communication, improving information disclosure, forming best practices, enhancing positive incentives, and improving management performance [4] Group 4 - Beijing's municipal government has issued interim support measures to promote the high-quality development of the gaming and esports industry, including financial rewards for successful game projects and support for cultural collaborations [6] - The measures aim to foster the creation of high-quality games that reflect cultural characteristics and enhance market competitiveness [6] Group 5 - Several companies have made significant announcements, including Zhaoyi Innovation submitting an H-share listing application and Sanhua Intelligent Controls setting its H-share issue price at HKD 22.53 [8] - Other notable developments include Ningde Times planning to use up to 4.5 billion yuan of idle fundraising for cash management and Long Spring High-tech receiving approval for a clinical trial of a flu vaccine [10]

Group 1 - The Ministry of Commerce of China will accelerate the review of export license applications related to rare earths, emphasizing compliance and communication with relevant countries to facilitate trade [2] - The Chinese government is committed to maintaining the stability and security of global supply chains while approving a certain number of compliant applications [2] Group 2 - A video conference was held by three departments to strengthen safety management in the new energy vehicle sector, emphasizing the responsibility of vehicle and battery manufacturers for product quality and safety [5] - The meeting highlighted the importance of avoiding exaggerated claims and ensuring long-term quality over short-term cost-cutting measures [5] Group 3 - The Shanghai Stock Exchange has developed an action plan to enhance ESG ratings for listed companies, aiming to improve the quality of ESG information disclosure and attract long-term capital [4] - The action plan includes six key initiatives such as providing rating guidance, improving communication, and enhancing management performance [4] Group 4 - Beijing's municipal government has issued interim support measures to promote the high-quality development of the gaming and esports industry, including financial rewards for successful game projects [6] - The measures aim to foster collaboration between game companies and cultural heritage sites, supporting the development of culturally significant games [6] Group 5 - Several companies have made significant announcements, including: - Zhongsheng Pharmaceutical completed the first participant enrollment in a Phase III clinical trial for RAY1225 injection for obesity [8] - Hunan Haili received support for stock repurchase loans not exceeding 200 million yuan [8] - SF Holding reported a 13.36% year-on-year increase in logistics revenue for May 2025 [8] - Ningde Times plans to use up to 4.5 billion yuan of idle fundraising for cash management [8] - Xiamen Tungsten's high-performance neodymium-iron-boron magnetic material project has commenced production [8]

Core Viewpoint - The Shanghai Stock Exchange has launched an action plan to enhance the ESG ratings of listed companies, focusing on improving governance and investment attractiveness in the capital market [1]. Group 1: Action Plan Overview - The action plan includes six key initiatives aimed at improving ESG ratings, such as conducting industry-specific ESG performance analyses and developing best practice templates for companies [1]. - The Shanghai Stock Exchange will work under the guidance of the China Securities Regulatory Commission to optimize regulations and enhance services for listed companies [1]. Group 2: Rating Guidance and Communication - The plan emphasizes the need for more comprehensive guidelines on key rating indicators and encourages communication between listed companies and rating agencies through training and industry sharing [3]. - Companies are encouraged to actively identify financially significant issues and improve their ESG disclosures to meet investor needs [3]. Group 3: Best Practices and Incentives - The action plan aims to compile best practice examples from leading companies in ESG ratings to help others identify gaps and improve their ratings [4]. - Financial institutions are encouraged to incorporate ESG ratings into their financing products, and social security funds and asset management institutions are urged to consider ESG ratings in their investment decisions [4]. Group 4: Current ESG Rating Landscape - As of the end of 2024, 342 listed companies in Shanghai are included in the MSCI ESG ratings, with a significant number achieving rating upgrades [6]. - By May 2025, 22% of listed companies had improved their China Securities ESG ratings compared to the previous year, indicating a positive trend in ESG performance [7].

上交所制定推动提升沪市上市公司ESG评级专项行动方案 智通财经6月19日电，上交所制定完成《推动提升沪市上市公司ESG评级专项行动方案》。行动方案落 实推动中长期资金入市和做好金融"五篇大文章"相关要求，衔接《推动提高沪市上市公司ESG信息披露 质量三年行动方案（2024-2026年）》，旨在推动沪市上市公司ESG评级水平再上新台阶。行动方案围 绕提升沪市上市公司ESG评级这一核心目标，针对ESG评级提升的重点、难点问题，推出六大方面工作 举措。一是提供评级指导。二是推动沟通交流。三是改进信息披露。四是形成最佳示范。五是加强正向 激励。六是提升管理绩效。 ...