Group 1 - In 2024, Henan Circular Technology Industry Group Co., Ltd. achieved a record high in electronic waste dismantling, supported by China Construction Bank's Henan branch's green finance initiatives [1] - The company is focusing on mergers and acquisitions to enhance market competitiveness and become a leader in the electronic waste dismantling industry [1] - China Construction Bank's Henan branch approved a merger loan of 407 million yuan and disbursed 51.65 million yuan to support the acquisition project [1] Group 2 - China Construction Bank's Henan branch integrates green concepts into the entire credit process, ensuring that credit resources are directed towards green fields [2] - The bank has established a "special class mechanism" for key areas like clean energy and infrastructure upgrades, accelerating project approval and implementation [2] - As of August 2025, the green loan balance of China Construction Bank's Henan branch reached 149.796 billion yuan, with an increase of 26.165 billion yuan that year [2] Group 3 - The bank is committed to injecting green finance into various aspects of economic and social development, contributing to the prosperity of the entire green industry system [3]

Core Insights - The article highlights the robust performance of clean energy REITs in the Shanghai market, showcasing their resilience and diverse operational capabilities amid ongoing "dual carbon" goals and supportive green finance policies [1][6] Group 1: Performance Metrics - Five clean energy REITs demonstrated strong operational results in the first half of the year, maintaining high electricity generation efficiency, stable cash flow, and attractive distribution rates, indicating their strong anti-cyclical capacity and long-term investment value [2][6] - For instance, the CITIC Construction Mingyang Intelligent New Energy REIT reported a total installed capacity of 150,000 kW, generating 236 million kWh of electricity, a year-on-year increase of 8.75%, with a distribution rate of 4.13% that could rise to 8.87% when considering potential benefits from national subsidy factoring [2][3] - The China Power Construction Clean Energy REIT achieved 150 million kWh of electricity generation from the Sichuan Wuyi Bridge Hydropower Station, reflecting an 8.14% year-on-year growth, with a distribution rate of 3.50% [3] Group 2: Operational Strategies - REIT managers presented innovative operational strategies, transitioning from "asset management" to "asset operation," which enhances long-term value [4][5] - The Mingyang REIT employs a "1+2" operational management model, ensuring efficient project operation through a coordinated approach among different entities, while also implementing risk transfer mechanisms such as insurance [4] - The State Power Investment REIT emphasizes a risk management culture that links safety responsibilities to performance, enhancing compliance governance through regular inspections and operational meetings [4] Group 3: Future Outlook - The clean energy REITs are evolving from mere financing tools to vital links between the green industry and capital markets, supported by continuous national policies promoting green finance [5][6] - With the completion of high-voltage transmission projects, the capacity for clean energy delivery from regions like Sichuan is expected to improve, providing further growth opportunities for these REITs [5]

Core Viewpoint - The signing of a cooperation agreement between Guangzhou Carbon Emission Rights Trading Center and Shanghai Clearing House marks a significant step in advancing carbon market development in China, aligning with national "dual carbon" strategies and promoting green finance initiatives [1] Group 1: Cooperation Agreement - The agreement focuses on the implementation of standardized repurchase business for Guangdong carbon emission rights [1] - This collaboration builds on the previous introduction of online collateral financing for Guangdong carbon quotas [1] - The initiative aims to enhance cooperation in green finance and carbon finance sectors [1] Group 2: Strategic Goals - The partnership supports the national strategy for green and low-carbon transformation [1] - It contributes to the development of the Guangdong-Hong Kong-Macao Greater Bay Area [1] - The agreement is intended to help small and medium-sized enterprises activate carbon assets and broaden financing channels [1] Group 3: Future Directions - Both parties will explore the deepening of the green financial service system [1] - There is a focus on accelerating innovation in carbon financial products [1] - The initiative aims to further leverage the role of regional carbon markets as experimental platforms [1]

在甘肃平凉，新型节能设备正在庄浪县一家特种水泥制品车间里平稳运转，为传统产业的转型升级提供 动力。 这家曾受困于"高耗能"标签的水泥企业，如今凭借中国邮政储蓄银行（以下简称"邮储银行"）甘肃省分 行发放的"产品碳减排量+碳足迹"双挂钩贷款，走上低碳转型的新路径。 "十四五"期间，邮储银行在绿色金融政策驱动下，逐"绿"而行，在破解行业痛点中探索出特色发展之 路。 顶层设计：构建绿色金融治理体系 "十四五"期间，"完善绿色金融政策体系，发展绿色信贷和绿色直接融资"的政策，驱动我国绿色金融从 框架搭建迈向纵深推进。 锚定政策方向，邮储银行优化资源配置，加大绿色信贷支持力度，并设立45家碳中和支行、绿色支行， 为绿色金融落地搭建"毛细血管"。 在具体实践中，政策落地"最后一公里"难题突出。对此，邮储银行一方面制定"绿色金融授信政策指 引"，明确风电、生物质能等重点支持领域；另一方面差异化下放审批权限，对绿色项目开通"限时服务 +绿色通道"。邮储银行新疆区分行聚焦当地风光资源优势，为阿勒泰25万千瓦风电项目授信11.58亿 元，助力项目实现年均减排二氧化碳66万吨；大连分行紧扣海洋强国战略，为金砣渔业发放5000万元贷 ...

长江商报消息 ●长江商报公益记者 杨蝶 古树名木被誉为"有生命的文物"。9月24日，中国平安在成都市举行"平安古树名木守护行动"，为当地 9452株古树名木捐赠总保额超1.7亿元的专属风险保障。 一寸光阴一寸年轮，古树历经百岁方能长成。目前，成都市共有9452株古树名木，其中不乏树龄2000年 的古树。为更好守护这些绿色"活化石"，中国平安积极发挥保险保障天职为古树名木提供充分保障，运 用科技力量为古树名木管护提供实时监测、预警、防范风险，并协同政府及社会各界力量将古树资源转 化为文旅景点。 在自然环境中，自然灾害、意外事故、病虫害等风险随时可能对古树的生长造成挑战。中国平安为古树 管护提供自然灾害风险预警服务，赋能政府主管部门和巡护员开展古树名木常态化保护，依托公司自 研"鹰眼"系统，提供雷达气象和地面站点等三位一体化气象监测，通过短信推送灾害预警信息、AI电话 提示，提供灾前精准预警服务并匹配防灾指引，便于巡护员快速应对灾害预防。 据了解，我国是世界上古树名木资源最丰富的国家之一，第二次全国古树名木资源普查结果显示，全国 普查范围内的古树名木共计508.19万株，包括散生122.13万株和群状386.06 ...

Core Insights - The transformation of Xinjiang's energy sector is highlighted by the emergence of green power plants, marking a shift from traditional coal-based energy to renewable sources, contributing to the region's green development goals [1][5] - Green finance has become a crucial element in balancing resource-rich and ecologically fragile development in Xinjiang, initiated by national strategies and local policies [3][4] - The establishment of a comprehensive green finance framework has facilitated the growth of green projects, with significant loans allocated to energy transition and infrastructure upgrades [6][10] Group 1: Green Finance Development - Xinjiang's green finance initiatives began with the designation of pilot areas for green financial reform in 2017, aimed at promoting economic development in resource-rich regions [3] - The People's Bank of China has implemented various policies to support the establishment of a green finance system, addressing challenges such as policy coordination and product innovation [4] - As of the second quarter, Xinjiang's green loan balance reached 633.77 billion yuan, accounting for one-third of new loans [1] Group 2: Energy Sector Transformation - The Five Color Bay Power Company has installed over 650,000 kilowatts of renewable energy capacity, contributing to a dual-driven system of traditional coal power reduction and large-scale renewable energy development [5] - Xinjiang's electricity exports have reached over 950 billion kilowatt-hours, benefiting 22 provinces and cities across the country [5] - The region is focusing on carbon management in industries such as coal and aluminum, with innovative financial products being developed to support energy transition [6] Group 3: Agricultural Innovation and Green Finance - Xinjiang is a key grain production area, with significant advancements in seed innovation supported by green finance, enhancing agricultural productivity and sustainability [7][8] - The introduction of green loans has enabled agricultural enterprises to focus on developing drought-resistant and high-yield seed varieties, crucial for achieving carbon reduction goals [9] - A new loan product using "plant variety rights" as collateral has been launched, addressing the financing challenges faced by innovative seed companies [10]

Core Viewpoint - China Construction Bank's Sichuan Branch is actively aligning with national strategies and enhancing its services to the real economy, focusing on high-quality development and comprehensive risk management [1][3]. Group 1: Economic Strategy and Actions - The Sichuan Branch is responding to complex domestic and international economic conditions by enhancing its capabilities and aiming for high-quality development, which includes a detailed roadmap and timeline for achieving its goals [3][4]. - The bank has increased its infrastructure loans by nearly 27 billion yuan by the end of August, surpassing the total increase for the previous year, demonstrating its commitment to regional strategic support [4][5]. Group 2: Financial Support and Policies - The bank has issued nearly 1.2 trillion yuan in loans to support small and micro enterprises this year, reflecting its commitment to enhancing financing mechanisms [5][6]. - The Sichuan Branch has provided over 28 billion yuan in overall credit to the real estate "white list" and issued nearly 1.2 billion yuan in stock repurchase loans to five listed companies [5][6]. Group 3: Technological and Green Finance Initiatives - The bank has established a three-year action plan for technology finance, resulting in over 34 billion yuan in new technology loans from January to August, outpacing the average growth rate of corporate loans by nearly 16 percentage points [6][7]. - The green loan balance has exceeded 280 billion yuan, positioning the bank among the leaders in the system, with significant investments in green projects and bonds [7][8]. Group 4: Consumer Financing and Market Engagement - The bank has actively engaged in consumer financing, with personal consumption loans reaching 4 billion yuan and a total credit card transaction volume exceeding 70 billion yuan [5][8]. - The Sichuan Branch has implemented various measures to stimulate consumption, including partnerships with local businesses and promotional events, resulting in a significant increase in new energy vehicle financing transactions [8].

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：冶炼累库与矿端预期博弈，镍价低位震荡 | 2 | | --- | --- | | 不锈钢：短线供需与成本博弈，钢价震荡运行 | 2 | | 碳酸锂：产量增势不减，震荡运行 | 4 | | 工业硅：盘面表现较抗跌 | 6 | | 多晶硅：市场情绪降温 | 6 | 国 泰 君 安 期 货 研 究 所 请务必阅读正文之后的免责条款部分 1 2025年09月26日 期货研究 商 品 研 究 2025 年 9 月 26 日 镍：冶炼累库与矿端预期博弈，镍价低位震荡 不锈钢：短线供需与成本博弈，钢价震荡运行 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） | 121,450 | 720 | -340 | 600 | 1,140 | 4,000 | | ...

25日，记者获悉，中证协已向券商发送了《关于2025年证券公司做好金融"五篇大文章"专项评价结果的通 知》。 据悉，今年组织完成了107家参评券商（合并口径）评价数据的填报与复核，并通过数据报送系统向各券商一 对一反馈确认评价数据，将主要定量指标排名情况在业内进行了公示，目前已形成了评价结果。 根据评价工作安排，此次做好金融"五篇大文章"专项评价结果将纳入2025年证券公司分类评价，按照公司实际 得分折算加分（满分100分折算为1分）。为发挥专项评价的激励引导作用，保证评价工作的公平合理，折算 时，将去除基础分得分（即，仅有基础分的公司，分类评价中不予加分）。 下一步，中证协将根据评价试行情况及时总结实践经验，根据监管部门和会员单位的意见建议进一步研究优化 评价指标和工作机制，更好发挥专项评价的激励约束作用，引导证券公司更好发挥功能性，推动证券行业高质 量发展。 今年9月，中证协发布了《证券公司做好金融"五篇大文章"专项评价办法（试行）》。 附加项主要反映证券公司发挥功能作用、积极落实年度相关重点政策、创新示范等情况。 责编：杨喻程 排版：汪云鹏 校 对： 杨舒欣 百万用户都在看 大爆发！两大利好来袭！ 评价 ...

Core Insights - The event "Investment in Liaoning" was held in Shenyang on September 25, co-hosted by the Liaoning Provincial Government and the Bank of China Liaoning Branch, focusing on future Sino-Japanese investment and trade development through technology and green finance [1] Group 1: Event Overview - The event is a key theme activity of the 6th China Liaoning International Investment and Trade Fair, emphasizing "Technology Finance and Green Finance" [1] - A total of 146 Chinese and Japanese enterprises participated, with thousands of guests including government representatives, industry leaders, and financial institution heads [1] Group 2: Industry Focus - The discussions centered around nine key industrial sectors, including new energy, artificial intelligence, healthcare, and ESG (Environmental, Social, and Governance) economy [1] Group 3: Financial Support and Outcomes - The Bank of China Liaoning Branch utilized the "Huiruyuan·Bank of China e-Enterprise Win" global cross-border matchmaking system to provide comprehensive, digital, and intelligent support for cross-border cooperation [1] - The event facilitated 87 rounds of negotiations, resulting in 75 preliminary cooperation intentions, with a total on-site signed cooperation intention amounting to $252 million [1]