Core Viewpoint - The Shanghai Futures Exchange (SHFE) is innovating green financial products to support the low-carbon transformation of traditional industries, specifically focusing on the aluminum and paper sectors [1][8]. Group 1: Aluminum Industry - The SHFE launched the first domestic recycled commodity futures and options for casting aluminum alloy on June 10, 2025, filling a gap in the financial derivatives market for recycled aluminum [3]. - China is the largest producer and consumer of casting aluminum alloys, with a production capacity of approximately 13 million tons and a consumption of about 6.73 million tons in 2024 [2]. - The carbon emissions from producing one ton of casting aluminum alloy are only 3.6% of those from traditional electrolytic aluminum, aligning with the goal of producing over 15 million tons of recycled aluminum by 2027 [2]. - As of September 19, 2025, the trading volume for casting aluminum alloy futures reached 361,200 contracts, with a total transaction value of 71.52 billion yuan, indicating strong market engagement [3]. - Major companies in the aluminum sector are actively using the casting aluminum alloy futures for hedging, improving resource utilization and risk management [4]. Group 2: Paper Industry - The SHFE introduced the world's first financial derivatives for cultural paper, specifically for offset printing paper, on September 10, 2025, to facilitate the green transformation of the paper industry [5][6]. - In 2024, China is projected to produce 9.48 million tons of offset printing paper, with a market size nearing 50 billion yuan [6]. - The introduction of offset printing paper futures allows upstream paper manufacturers to hedge against price fluctuations in raw materials, thus enhancing product quality and reducing price wars [6][7]. - The contract design for offset printing paper incorporates green principles, prioritizing "green factories" for delivery and setting strict quality standards to promote environmental sustainability [7][8]. Group 3: Future Outlook - The SHFE aims to continue developing green financial products and optimizing services to support the low-carbon transition of industries, positioning these tools as stabilizers and accelerators for high-quality economic development [8].

记者丨 唐婧 编辑丨曾芳 视频丨 许婷婷 王学权 9月22日，国务院新闻办举行"高质量完成'十四五'规划"系列主题新闻发布会，中国人民银行 行长潘功胜，金融监管总局局长李云泽，中国证监会主席吴清，中国人民银行副行长、国家外 汇局局长朱鹤新介绍"十四五"时期金融业发展成就，并答记者问。 潘功胜介绍，五年来，在党中央坚强领导下，我国金融事业取得新的重大成就。金融体制改革 全面深化，顶层设计更加完善，我国金融治理体系和治理能力现代化迈上新台阶；种类齐全、 竞争充分的金融机构、市场、产品体系更加健全，金融服务的质量、效率、普惠性大幅提升； 重点领域金融风险有序化解，守住了不发生系统性金融风险的底线；金融对外开放步伐加快， 我国金融业的国际竞争力和影响力显著增强。 截至今年6月末，中国银行业总资产近470万亿元，位居世界第一；股票、债券市场规模位居世 界第二；外汇储备规模连续20年位居世界第一。我国在绿色金融、普惠金融、数字金融等方面 走在世界前列，基本建成多渠道、广覆盖、安全高效的人民币跨境支付清算网络，移动支付处 于国际领先水平。"十四五"时期，科技型中小企业贷款、普惠小微、绿色贷款年均增速超过 20%。 潘功胜表 ...

Core Viewpoint - China's green finance has become a global leader in scale, with green credit balance exceeding 40 trillion yuan and annual green bond issuance surpassing 400 billion yuan, yet its international influence does not match its market size [1] Group 1: Transition from Scale Narrative to Rule Narrative - The international communication of China's green finance has primarily focused on scale data, which, while showcasing size, fails to address the core of sustainability [2] - The release of the "Green Finance Support Project Directory (2025 Edition)" in July 2025 marks China's shift from a standard follower to a standard setter, adding 12 new green project categories and refining technical standards [2] - The narrative transformation should emphasize the four pillars of green standards, information disclosure, incentive mechanisms, and product innovation, establishing a dual recognition system that mandates measurable, reportable, and verifiable environmental benefits [2] Group 2: Transition from Grand Narrative to Micro Narrative - Macro data reflects participation but lacks emotional resonance; the vitality of green finance lies in the tangible benefits of specific projects and market entities [3] - Micro narratives can be illustrated through concrete cases, such as China Postal Savings Bank's "transformation loan," which supports high-energy-consuming enterprises with an average yield of 4.2%, breaking the misconception of a conflict between environmental protection and profitability [3] - Local practices like Fujian's "tea garden loan" and Shenzhen's "blue bond" demonstrate how green finance translates abstract policies into tangible entities, highlighting its role in transformation, rural revitalization, and improving livelihoods [3] Group 3: Integrating Eastern and Western Civilizational Narratives - China's green finance system is rooted in traditional ecological wisdom, which serves as a core advantage in international communication [4] - The "bamboo forest carbon sink" practice in Zhejiang exemplifies how local cultural concepts can be transformed into real value through carbon trading platforms and "carbon sink loans," demonstrating the synergy between ecology and economy [4] - Incorporating a civilizational perspective can enhance international understanding; for instance, linking green standards to traditional texts can foster resonance with local philosophies [4] Group 4: Building a Multi-Entity, Cross-Linguistic Narrative Ecology - To transition from "scale leadership" to "narrative leadership," a multi-entity collaborative and cross-linguistic narrative ecology system is necessary [5] - The existence of terminology discrepancies in international green finance, such as the interchangeable use of "transformation finance" and "sustainable finance," hampers precise communication [5] - Establishing a national multilingual terminology database and cultivating three types of "green finance spokespersons" can enhance the effectiveness of narrative dissemination [5] Conclusion - The innovation of China's green finance narrative is crucial for international discourse power and global sustainable development, transforming Chinese practices into comprehensible and replicable solutions [6] - This approach not only enhances the country's financial soft power but also provides a new path for "ecological priority and green development" globally [6]

Core Viewpoint - The press conference highlighted the achievements of China's financial sector during the "14th Five-Year Plan" period, emphasizing the stability and growth of the financial system, as well as the advancements in various financial sectors such as green finance and digital finance [1][4]. Financial Sector Achievements - As of June 2023, China's banking sector total assets reached nearly 470 trillion yuan, ranking first in the world [3]. - The scale of China's stock and bond markets ranks second globally [4]. - The average annual growth rate of loans to technology-based SMEs, inclusive small micro loans, and green loans exceeded 20% during the "14th Five-Year Plan" [4]. Regulatory Developments - The financial regulatory environment has improved, with a total of 2,000 institutions penalized and 36,000 individuals held accountable since the beginning of the "14th Five-Year Plan" [6]. - The number of high-risk institutions and the scale of high-risk assets have significantly decreased, indicating that risks are under control [6]. - The regulatory framework has been enhanced, with 171 regulations issued over the past five years [7]. Capital Market Enhancements - The market capitalization of technology companies in the A-share market has increased, with the number of tech firms in the top 50 by market value rising from 18 to 24 [8]. - The total market value of the A-share market surpassed 100 trillion yuan for the first time in August 2023 [9]. - Direct financing's proportion has steadily increased, reaching 31.6%, up by 2.8 percentage points compared to the previous five-year period [8]. Future Outlook - The financial sector is expected to continue its supportive monetary policy stance, with a focus on enhancing the adaptability and inclusiveness of the financial system [11]. - The ongoing reforms aim to improve the quality and investment value of listed companies, fostering a more resilient capital market [11].

2020年9月22日，我国首次提出"双碳"目标——2030年实现碳达峰、2060年实现碳中和，距今已有五年。众多公募基金也在"双碳"目标提出之际积极布局相 关主题产品。历经五年发展，产品队伍持续壮大，最新数据显示，名称中带有"绿色""低碳""ESG""碳中和"的主题基金规模合计已超980亿元，逼近千亿大 关。从年内业绩来看，各类主题产品表现也相对亮眼，更不乏收益翻倍的产品。有观点指出，公募基金在绿色金融方面已取得阶段性成果，未来在"双碳"目 标持续深化、政策与市场双轮驱动下，绿色金融细分领域仍将是资本市场的重要投资主线。 最新规模为近五年峰值 另据中国证监会今年2月披露的数据，绿色公司债券发展势头强劲，试点以来累计发行约8700亿元，制度规则和技术标准持续健全，碳中和债券、低碳转型 债券、蓝色债券等创新品种不断涌现。 当前，部分公募机构也将绿色理念融入投资、研究工作中，并取得一定成效。据悉，招商基金充分借鉴融合国内外资产管理机构ESG投研策略实践，构建了 贯穿研究、投资、投后三个阶段的ESG整合策略体系。除积极主动参与公司治理外，招商基金还以ESG投资理念为指导，研发和推出一系列符合ESG要求的 基金产品，为 ...

Core Viewpoint - The Beijing Canal Business District is positioned as a key area for high-quality development, focusing on global wealth management, green finance, and sustainable finance, aiming to attract major enterprises and investment [1][2]. Group 1: Development and Infrastructure - The Canal Business District covers an area of 7.82 square kilometers with a total construction area of 13.79 million square meters, having completed 4.846 million square meters since its development began in 2009 [2]. - Key infrastructure projects include the completion of the main structure for the Huaxia Bank headquarters and ongoing construction of various industrial projects along the Grand Canal [2]. Group 2: Business Growth and Tax Revenue - The district has maintained a registration rate of 10 new enterprises per working day, with over 20,000 registered companies, contributing to 22.5% of the district's total tax revenue in the first seven months of 2025 [3]. - The district generated a tax revenue of 66.2 million yuan in 2024, with a tax output of 2,536 yuan per square meter [3]. Group 3: Policy Advantages and Investment Opportunities - The Canal Business District benefits from a combination of three policy advantages, including the National Service Industry Expansion Comprehensive Demonstration Zone, Free Trade Pilot Zone, and Zhongguancun National Independent Innovation Demonstration Zone, facilitating investment and trade [4]. - New policies include the removal of foreign investment restrictions in manufacturing and certain telecommunications sectors, as well as support for foreign-funded R&D centers [4].

南方财经记者郭晓洁 21世纪经济报道记者李德尚玉 实习生李宜馨 广州报道 随着绿色金融市场的快速发展，相关的资讯和数据变得越来越丰富。绿色金融周报从宏观视角和机构绿 色金融实践等角度，关注绿色金融领域的最新前沿动态，追踪绿色金融市场的最新趋势，为绿色金融相 关参与方提供决策依据和参考。 21碳中和课题组快评：在"双碳"五周年关键节点，本次论坛汇聚多方智慧，既系统展现了中国绿色金融 从标准建设到转型金融、气候投融资试点的实践成果，也前瞻性探讨了绿色贸易、数智赋能等全球治理 新路径。 3、中诚信绿金发布《企业可持续发展/ESG工作实用手册》 中诚信绿金在北京举办《企业可持续发展/ESG工作实用手册》发布会。该手册结合国内外政策框架与 实践经验，系统梳理了企业在ESG战略制定、信息披露、绩效评价及投融资对接等方面的操作指南，旨 在为企业推动可持续发展提供标准化、可落地的参考。据悉，该手册涵盖ESG起源与发展、政策与准 则、评级与投资、报告编制、报告指标、信息披露与管理六大板块，兼具国际视野与本土实践。手册不 仅是企业认识ESG市场的工具书，更是助力其完成信息披露、实现管理提升的"案边指南"，可服务于企 业内部从业者 ...

Key Points - The rapid development of the green finance market has led to an increase in relevant information and data, with a focus on the latest trends and practices in green finance [1] - The People's Bank of China emphasizes the importance of a unified standard to promote high-quality development in green finance, as outlined in the newly released "Green Finance Support Project Directory (2025 Edition)" [2] - The 2025 edition of the directory standardizes various financial products, covering new areas such as green consumption and trade, and aligns with the needs of low-carbon transition industries [2] - The Central University of Finance and Economics hosted a forum that highlighted the need for green trade mechanisms within the RCEP to stimulate green low-carbon product exports [3] - The release of the "Practical Handbook for Corporate Sustainable Development/ESG Work" provides a comprehensive guide for companies on ESG strategy formulation and information disclosure [5] - The national carbon market saw a trading volume of 5,519,692 tons last week, with a total transaction value of approximately 338.77 million yuan [7] - Ping An Property & Casualty Insurance released the first "Blue Book on Insurance Supporting Green Transportation Development," outlining the role of insurance in the green transportation sector [8] - Guangdong province successfully issued its first biodiversity protection support loan, marking a new phase in financial support for ecological civilization [9] - The "Beautiful Shandong Construction Financial Project Library Management Platform" was launched to enhance the connection between green projects and financial resources [10] - Industrial Bank implemented the first ESG-linked financing lease loan in Fujian province, promoting sustainable development through dynamic adjustments to financing terms based on ESG performance [11][12]

Core Viewpoint - Guangfa Bank Dongguan Branch is actively supporting the green finance sector in Dongguan, focusing on clean energy, environmental protection, and green transportation to align with the "dual carbon" goals and promote high-quality development [2] Group 1: Green Finance Initiatives - As of July 2025, the green finance loan balance of Guangfa Bank Dongguan Branch has increased by 31.71% compared to the beginning of the year, indicating a continuous expansion of green credit scale [2] - The bank has provided significant financial support for various clean energy projects, including distributed photovoltaic projects, by offering long-term fixed asset loans to meet the capital expenditure needs of these projects [3] - Guangfa Bank Dongguan Branch has tailored financing solutions for clean energy companies, exemplified by a 200 million yuan credit line for a local energy company, with 166 million yuan already disbursed to support green industrial upgrades [3] Group 2: Environmental Protection Support - The bank has directed credit resources towards ecological protection, supporting projects in water pollution control, waste management, and environmental remediation [4] - Specific examples include fixed asset loans for a water environment company to enhance sewage treatment services and working capital loans for a waste management company to support daily operations [4] Group 3: Green Infrastructure and Consumption - Guangfa Bank Dongguan Branch is focusing on green infrastructure and promoting green consumption by providing working capital loans to public transportation companies to facilitate low-carbon travel [5] - The bank has launched a specialized consumer product, "Micro Car Loan," for supporting electric vehicle purchases, streamlining the application and approval process, which has resulted in a loan balance exceeding 5.9 billion yuan, with a net increase of over 1.2 billion yuan since the beginning of the year [6]

Core Viewpoint - The press conference highlighted the achievements of China's financial sector during the "14th Five-Year Plan" period, emphasizing the stability and growth of the financial system, as well as the ongoing reforms and regulatory improvements. Financial Sector Achievements - As of June 2023, China's banking sector total assets reached nearly 470 trillion yuan, ranking first globally, with stock and bond market sizes ranking second worldwide [3] - The average annual growth rate for loans to technology-based SMEs, inclusive small micro loans, and green loans exceeded 20% during the "14th Five-Year Plan" [3] - The People's Bank of China is committed to enhancing the central bank system and maintaining a supportive monetary policy stance [3] Regulatory Improvements - The banking and insurance sectors' total assets surpassed 500 trillion yuan, with an average growth rate exceeding 9% over the past five years [6] - The financial regulatory authority has imposed penalties on 20,000 institutions and 36,000 individuals since the beginning of the "14th Five-Year Plan" [6][9] - The number of high-risk institutions and the scale of high-risk assets have significantly decreased, indicating that risks are under control [6] Capital Market Developments - The capital market's basic systems and regulatory logic have been comprehensively restructured, with the market capitalization of technology companies in A-shares increasing to over 25% [10] - The total market capitalization of A-shares surpassed 100 trillion yuan for the first time in August 2023 [10] - The direct financing ratio has steadily increased, reaching 31.6%, up by 2.8 percentage points from the end of the "13th Five-Year Plan" [10] Cross-Border Financial Activities - The use of the renminbi in cross-border trade has risen to nearly 30%, reflecting its growing significance as a trade financing and payment currency [4][17] - China's cross-border receipts and payments are projected to reach 14 trillion dollars in 2024, a 64% increase compared to 2020 [17] - The foreign exchange reserves have remained stable at over 3 trillion dollars throughout the "14th Five-Year Plan" [17]