Core Viewpoint - China Pacific Insurance (601601) is actively participating in sustainable development initiatives, showcasing its commitment to ecological conservation and green development through its involvement in the China International Import Expo [5]. Group 1: Event Overview - On November 6, China Pacific Insurance's subsidiary, China Pacific Property Insurance, held a themed event titled "Zero Carbon Import Expo Green Hosting" at the National Exhibition and Convention Center in Shanghai [1]. - The event was attended by officials from the China International Import Expo Bureau and Daxing'anling Forestry Group, highlighting collaboration among various stakeholders [1]. Group 2: Carbon Neutrality Initiatives - During the event, a carbon credit donation ceremony was held, where China Pacific Property Insurance purchased and donated approximately 8,000 acres of forest land and 640,000 trees from Daxing'anling, along with carbon credits from Shanghai's carbon reduction initiatives [3]. - This initiative supports the goal of achieving a "zero carbon" Import Expo and aligns with national strategies for rural revitalization and ecological protection [3]. Group 3: Strategic Implications - The Import Expo serves as a significant national platform for showcasing China's commitment to green development, and the activities conducted by China Pacific Insurance reflect its proactive approach to sustainable development [5]. - The company's efforts are positioned as a model for integrating insurance mechanisms with ecological protection and green development, contributing to a harmonious coexistence between humans and nature [3][5].

《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》明确提出，积极稳妥推进和实现碳 达峰。"十五五"时期，我国的"双碳"战略将进入从制度夯基向体系深化的关键阶段，绿色金融作为支持 碳减排的重要工具将发挥日益重要的作用。 "十四五"时期，绿色金融体系与政策建设成果显著。在即将迎来国内"碳排放总量与强度双控"的背景 下，构建统一、透明、可比且高效的碳核算体系，已成为提升国家治理能力和促进资源要素配置优化的 关键基础，还关系到绿色金融能否有效引导资本流向绿色生产力，而数字化正成为赋能碳核算与绿色金 融发展的重要抓手。 "十四五"时期：绿色金融支持"双碳"目标成效显著 "十四五"时期，我国"双碳"顶层制度全面铺展，成效显著。截至"十四五"末，我国的可再生能源装机接 近22亿千瓦，构建起全球最大、发展最快的可再生能源体系；工业、交通、城乡建设等领域碳达峰实施 方案出台，重点领域碳达峰步伐加快；经济社会全面绿色转型顶层设计发布，绿色与可持续发展进一步 深化。在这一进程中，绿色金融快速发展，助力经济社会绿色转型。 绿色金融顶层设计更新。中国人民银行等七部门发布《关于进一步强化金融支持绿色低碳发展的指导意 见》，从标 ...

《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》明确提出，积极稳妥推进和实 现碳达峰。"十五五"时期，我国的"双碳"战略将进入从制度夯基向体系深化的关键阶段，绿色金融作为 支持碳减排的重要工具将发挥日益重要的作用。 "十四五"时期，绿色金融体系与政策建设成果显著。在即将迎来国内"碳排放总量与强度双控"的背 景下，构建统一、透明、可比且高效的碳核算体系，已成为提升国家治理能力和促进资源要素配置优化 的关键基础，还关系到绿色金融能否有效引导资本流向绿色生产力，而数字化正成为赋能碳核算与绿色 金融发展的重要抓手。 "十四五"时期：绿色金融支持"双碳"目标成效显著 我国开始构建"五维"碳核算与管理体系。"十五五"规划建议明确将建设"地方碳考核、行业碳管 控、企业碳管理、项目碳评价、产品碳足迹"的碳排放统计与核算体系作为重点目标。这意味着我国碳 核算体系从分散标准和试点逐步迈向多层次、全链条构建，将建设覆盖地方、行业、企业、项目和产品 五个维度的碳核算与管理的政策框架。 在企业碳管理上，重点控排行业和大型企业已基本建成企业级的碳排放监测、核算与验证 （MRV）系统，金融等行业正探索将碳核算扩展至全价值链范围 ...

Core Insights - The "New Three-Year Action Plan" (2023-2025) is seen as a significant initiative for state-owned enterprise reform, distinguishing it from the previous "Old Three-Year Action" (2020-2022) [1] - The plan emphasizes the importance of state-owned enterprises in key sectors such as energy and resources, aiming to enhance national strategic security and improve capital allocation efficiency through market-oriented restructuring [1][2] - There are challenges in the asset securitization of electric power central enterprises, including unclear positioning of listed companies and potential competition among subsidiaries [1] Group 1: Asset Securitization Challenges - The complexity of asset nature is a significant barrier, as traditional power assets are heavy, have long cycles, slow returns, and high debt ratios, leading to valuation discounts in capital markets [2][3] - Regulatory and approval processes involve multiple agencies, making the asset restructuring and listing processes lengthy and complicated, particularly in the power sector affected by various regulations [2] - There is a mismatch in profitability and valuation, with investors favoring high-growth, predictable cash flow assets, while traditional power assets have limited growth potential [3] Group 2: Future Directions for Electric Power Central Enterprises - Electric power central enterprises should focus on expanding renewable and clean energy production, including wind, solar, pumped storage, and hydrogen energy [3] - Increased overseas projects in power and infrastructure can provide funding for acquisitions and project development, aligning with the national "going out" strategy [3] - Emphasis on integrating fundraising with national strategies such as "dual carbon," energy security, and modern power system construction is crucial for effective fund management and risk control [3]

Core Viewpoint - The article emphasizes the importance of materials such as silicon, lithium, and platinum-palladium in the context of energy transition and global carbon neutrality goals, highlighting their role in strategic emerging industries in China [1]. Event Details - The 2025 China New Energy and New Materials Industry Conference will be held on December 11-12, 2025, in Guangzhou, Guangdong Province [2]. - The conference theme is "Innovation-Driven, Integrated Development - Building a New Ecosystem for the New Energy Materials Industry" [2]. Agenda Overview - The preliminary agenda includes registration on December 11, followed by a welcome dinner and various sessions on December 12, including keynote speeches and site visits [3]. - Key topics for discussion include: - Development paths for China's economy and new productive forces under global energy transformation - Prospects for China's new energy and new materials industry during the 14th Five-Year Plan - The role of futures in supporting the stability of the new energy industry [3]. Sub-Forums - Three sub-forums will focus on: 1. Platinum-Palladium Industry Development Forum, discussing the industry chain and hydrogen energy trends [3]. 2. Silicon Energy Industry Development Forum, covering market trends and the impact of perovskite technology [3]. 3. Lithium Battery New Energy Industry Development Forum, focusing on market conditions and futures applications [3][5]. Participation and Costs - The conference will not charge a registration fee, and certain member units will receive complimentary materials and meal vouchers [6].

近日，甘肃省产权交易所集团股份有限公司（以下简称"甘交所集团"）正式发布公告，面向全社会公开招募投 资机构和投资人。本次招募旨在通过引入多元化投资主体，丰富市场参与层次，助力构建多层次、广覆盖的产 权交易体系。具体招募对象包括具备丰富资本实力和行业经验的国内外投资机构及合格个人投资者，招募流程 将遵循公开、公平、公正原则，包括意向征集、资质审核和合作签约等环节。 据集团相关负责人介绍，本次招募采用便捷化报名方式，有意向的投资机构和投资人可填写投资需求并完成入 库报名，集团将对所有报名信息严格保密。 "我们诚挚邀请各类优质投资力量加入，共同挖掘甘肃产权要素市场的潜力。"甘交所集团相关负责人表示，未 来集团将以此次招募为契机，搭建更高效的供需对接桥梁，推动社会资本与优质项目深度融合，助力甘肃产权 要素市场实现高质量发展。 此次招募推出的投资项目矩阵，进一步凸显了"多元化、高潜力"的特点。项目库涵盖传统与新兴两大领域，既 包括股权、债权、房产、土地等传统优质资产，也囊括闲置资产盘活、二手车交易等民生类项目；更值得关注 的是，矿权、生态资源、排放权、区域碳普惠等绿色低碳项目，以及知识产权、数据要素等新兴领域项目的纳 ...

在"十四五"最后一个季度，2025年世界动力电池大会刚刚于11月中旬在四川宜宾落下帷幕。这个连续四 年在此召开的全球盛会，不仅让世界见证了宜宾继白酒之后第二个千亿产业——动力电池的强势崛起， 更照见其以此为起点构筑的绿色新能源发展来时路。 此次大会以"新视野·新生态·新机遇"为主题，满含对"十五五"的期待，但这里的展望亦不止于动力电池 产业，而是整个宜宾绿色发展的新视野、新生态和新机遇。 实际上，就在动力电池大会召开前夕，宜宾的绿色发展又添砝码。今年的9月28日，宜宾高新零碳产业 园Zpark 26个拟建项目集中开工，标志着长江生态首城再次以创新战略入局，面向未来，培育核心竞争 力。 （2025世界动力电池大会现场） 这绝非简单的招引落地，而是一套经过精密规划和设计的绿色发展操作系统。 早在2016年，从传统白酒+煤炭产业中觉醒的宜宾，隐约预感新能源时代地到来，布下"8+2"产业格 局；三年后，宁德时代落子宜宾，以此为起点，拉开新能源产业发展序幕；而后，光伏、新型储能接续 布局，在长江上游逐渐构建出"4+4+4"现代产业体系…… 时至今日，当城市竞争渐趋白热化，招引愈加"内卷"时，宜宾以创新、创造、创业为锚点 ...

Core Insights - The A-share market indices opened higher on November 25, with the ChiNext New Energy ETF (Hua Xia, 159368) rising by 1.28%, driven by significant gains in its constituent stocks such as Dike Co. (over 5%), Shangneng Electric (over 4%), and Sunshine Power (over 2%) [1] Group 1: New Energy Projects - The completion of three photovoltaic projects in Yunnan Province, undertaken by China Power Construction, marks the establishment of the largest "wind-solar-storage integrated" renewable energy base in the region, providing continuous clean energy [1] - The total installed capacity of these projects is 140,000 kilowatts, expected to generate approximately 249 million kilowatt-hours of green electricity annually [1] - This project, along with the previously completed 523,000-kilowatt photovoltaic base in Daya County, forms a significant part of the "wind-solar-storage integrated" cluster, which is currently the largest of its kind under construction in Yunnan Province [1] Group 2: Investment Trends - The demand for clean energy investments is expected to remain strong under the "dual carbon" strategy, with wind-solar-storage integration emerging as a key model to address the volatility of renewable energy [1] - This integration not only reduces the cost per kilowatt-hour but also enhances profitability, thereby strengthening market confidence in the scalable expansion of the wind-solar-storage industry across various geographical scenarios [1] Group 3: ChiNext New Energy ETF - The ChiNext New Energy ETF (Hua Xia, 159368) is the largest ETF tracking the ChiNext New Energy Index, which encompasses various sectors within the new energy and electric vehicle industries, including batteries and photovoltaics [2] - It has the highest elasticity, with a potential increase of up to 20%, and the lowest fee structure, with a combined management and custody fee of only 0.2% [2] - As of October 31, 2025, the fund's scale reached 829 million yuan, with an average daily trading volume of 90.05 million yuan over the past month, and it features a storage content of 59% and solid-state battery content of 32%, aligning with current market trends [2]

Core Viewpoint - Hydrogen energy is becoming a key force in promoting energy structure transformation and decarbonization in industrial and transportation sectors, as emphasized by the 20th National Congress of the Communist Party of China [2]. Group 1: Industry Development - The hydrogen energy industry in China is transitioning from theoretical exploration to practical implementation, but it still faces challenges such as key technology breakthroughs, insufficient industry chain collaboration, and limited application scenarios [2]. - The establishment of the Beijing Hydrogen Innovation Center is a crucial measure to align with the development trends of the hydrogen energy industry, serving as a core platform to connect research and market, and integrate industry chain resources [2][3]. Group 2: Key Initiatives and Goals - The year 2025 is identified as a critical window for the hydrogen energy industry explosion, with the Innovation Center planning to hold a conference on November 29 to promote technological and industrial innovation [2]. - The conference will feature highlights such as the release of innovative technology products, demonstration application results, and significant agreements, aimed at boosting confidence in the hydrogen energy industry [2][3]. Group 3: Strategic Focus Areas - The Innovation Center aims to tackle key technological bottlenecks in hydrogen production, storage, transportation, and utilization, concentrating efforts on overcoming technical barriers [3]. - It seeks to accelerate the transformation of scientific achievements into practical products and solutions, shortening the cycle from research and development to application [3]. - The Center will promote collaborative development across the industry chain, creating a closed-loop system that connects technology research, product implementation, and application scenarios to address issues of fragmentation and insufficient collaboration [3].

Core Viewpoint - The construction industry in China is a major sector for energy consumption and carbon emissions, and it is accelerating its green development under the "dual carbon" strategy. Financial support is crucial for this transition [1][3]. Group 1: Green Development in Construction - The construction sector is increasingly focusing on green development to align with China's "dual carbon" goals [1]. - Lishui City, known as "China's Ecological City," is a key area for implementing the "Two Mountains" concept, with green buildings being a significant aspect of this initiative [1]. Group 2: Project Highlights - The completion of the Lishui Gongtou Building project marks a significant advancement in the integration of production and urban development in the region [1]. - The project incorporates various energy-saving and carbon-reduction measures, such as new energy-efficient wall materials, high-performance curtain walls, renewable energy sources, sponge city design, and rainwater reuse systems [3]. Group 3: Financial Support - Huaxia Bank's Lishui branch provided substantial support for the Lishui Gongtou Building project, offering a credit line of 140 million yuan [3]. - The bank facilitated a green approval process for the project, ensuring quicker loan approvals and more favorable terms compared to traditional credit processes [3]. Group 4: Future Outlook - Huaxia Bank's Lishui branch aims to enhance its green finance initiatives, expanding the scope and depth of its green financial services to support the green economy [4].