安永始终致力于提供全面、专业、细致的服务和前瞻的行业洞察，安永大中华区财富与资产管理团队积极参加和组织基金行业相关活动，发布多 篇洞察报告文章，主题涵盖财富、人工智能、技术转型、可持续金融、资产管理的未来、另类基金以及财富与资产管理前景。通过跨渠道和跨平 台的交流，我们能够与行业社区及关键利益相关者深入互动，我们利用这一紧密联系，构建真实的洞察和分析，反映行业的真实情况。 展望未来，安永将秉持在金融领域深耕多年所积累的专业服务经验与深厚底蕴，以更创新的视野持续为私募股权及创投行业注入更多活力，共同 推动行业繁荣，携手共赴高质量发展新征程。 本文是为提供一般信息的用途所撰写，并非旨在成为可依赖的会计、税务、法律或其他专业意见。请向您的顾问获取具体意见。 推介会现场，"上海股权投资协会2024股权投资年度榜单"同步重磅发布，表彰行业优秀机构，彰显行业风采。安永大中华区私募基金服务团队， 凭借多年深耕私募股权及创投领域的卓越表现——通过提供审计、咨询和税务服务中做出的持续创新及杰出贡献，荣获2024年度"最佳审计服务机 构"奖项（本年度唯一获此殊荣的机构）。这一荣誉不仅是对安永专业能力的权威认可，更彰显了我们在行业 ...

中国经济报导：2025 年 6 月 2 日，伦敦 —— 一家管理规模超 2000 亿欧元的欧洲顶级资产管理机构今 日宣布，已完成对埃克森美孚（ExxonMobil）所有股权的剥离，成为首家因气候目标彻底退出这家石 油巨头的大型资管机构。 埃克森美孚方面回应称，公司正推进 200 亿美元低碳投资计划，包括碳捕获与氢能项目，"我们理解投 资者对气候议题的关注，但能源转型需要渐进过程"。 此举被视为全球金融行业加速向低碳经济转型的标志性事件。 资管机构响应《巴黎协定》 用资本投票支持气候行动 该资管机构在声明中表示，此次剥离决策基于其最新气候情景分析 —— 埃克森美孚的现有油气资产组 合与全球温控 1.5℃目标存在显著冲突。 "我们的投资决策必须与《巴黎协定》目标保持一致，" 首席可持续投资官约翰・安德森强调，"化石燃 料企业若不能快速转向清洁能源，将面临严重的资产减值风险。" 据披露，该机构此前持有埃克森美孚约 0.8% 的流通股，总市值约 12 亿美元。 此次剥离行动自 2024 年第四季度启动，通过大宗交易方式完成，未对市场造成显著冲击。 数据显示，这是该机构年内第二次大规模化石能源资产减持，此前已退出加拿大 ...

专题：专题｜深交所2025全球投资者大会：投资中国就是投资未来 第二点，是可持续金融，金融的活动也要满足全球的目标，跨境合作对于市场的创新是很重要的。卢森 堡证交所签了大量的谅解备忘录、合作协议，包括基础设施的平台，包括深圳证交所，也包括金融机 构，还有跨境的投资流向在欧洲和大中华之间也有很多这一类的框架。 最后，是数字化金融科技。数字或者是证券的代币对于今天的国际资本市场来说也是重要的一环。2024 年的数字资产报告中展示卢森堡证交所在数字债券的发行方面是领先的交易所。第一个DRG债券是 2020年1月在卢森堡那发行的，这也是欧洲第一个数字债。去年卢森堡也在8月发行了AIB，这也是第一 个亚洲的发行方通过欧洲数字金融市场机构发行的数字债，目前也已经开始交易。 责任编辑：彭紫晨 张芳表示，跨境合作对于国际资本市场的强化是非常重要的，可以帮助资本的重新定向，让他们导向可 持续的发展，这是卢森堡交易所的战略优先业务，也是很多年的重点。卢森堡交易所对于欧洲投资者来 说，他们可以利用卢森堡投资中国，同时它对于中国发行公司来说是个获得欧洲资金的门户。 她强调的第一点，是人民币的国际化。第一个人民币离岸典型债券是从香港开 ...

专题：专题｜深交所2025全球投资者大会：投资中国就是投资未来 5月19日至20日，深交所2025全球投资者大会在深圳举行。大会主题为"新质生产力：投资中国新机遇 ——开放创新的深圳市场"，通过主旨演讲、圆桌讨论、公司路演等多种形式，展现中国资产和A股市 场投资价值。卢森堡交易所国际一级市场亚太区域负责人张芳出席会议并发表精彩讲话。 关于欧洲怎样实现可持续产品的总体规划，张芳表示，卢森堡交易所是全球债务证券方面最大的交易所 之一，在可持续金融方面属于领先地位。现在有46000只证券产品，一共80万亿欧元，有90%的产品属 于固收类型的产品。它们来自98个国家的1700个机构，有74种货币，这就是卢森堡交易所上市的证券产 品的国际性所在。 卢森堡交易所是可持续金融的发源地。全球公认的第一个绿色债券EIB欧洲投资银行和气候的债券， 2007年就在卢森堡交易所上市了。在这之后，世界银行在2008年也发行了第一个绿色债券，选择了卢森 堡交易所作为上市地点。 这对中国的ESG市场可以提供一些启发，中国发行商在卢森堡交易所上市的第一个绿色债券是在2016 年，当时由中国银行发行，这也是中国内地在欧洲发行的第一个绿色债券。 ...

近日，第十三届（2025）上海国际金融中心研究院国际研讨会在沪举办。本次会议以"数字时代的 可持续金融：人工智能、数字技术与可持续投融资的融合"为主题，共同探讨可持续金融领域的前沿问 题与发展机遇，旨在为推动全球可持续发展贡献智慧与力量。 会上，上海财经大学上海国际金融中心研究院院长马文杰发布"SIIFC国际金融中心城市指数"。他 表示，要建立以人民币为载体，服务国内国际双循环，以实体经济发展为目标的综合性国际金融中心城 市指数，相关指标既要符合国家及国际标准，同时还要体现定位，助力上海国际金融中心能级提升。 国际可持续准则理事会（ISSB）主席特别顾问兼北京办公室主任张政伟表示，随着金融市场对可 持续投融资的关注度日益上升，建立统一的可持续披露准则是大势所趋。优秀的企业或金融机构需要先 行先为：要做"先行者"，提前布局可持续战略；要做"赋能者"，助力产业链上下游企业提升可持续发展 能力；要做"塑造者"，积极参与国际可持续规则制定。 马文杰就该指数的制定标准进行阐释。他表示，一级指标围绕金融体系建设、金融改革开放、金融 服务实体经济、金融监管与风险防范、金融人才与营商环境等5个方面进行设计。 在绿色金融国际化 ...

绿色金融在推动实现碳达峰、碳中和目标方面发挥着重要作用。截至2024年末，上海全部金融机构绿色 贷款余额约1.4万亿元，同比增长20.7%。2024年1月，上海绿色金融服务平台正式上线，截至今年4月30 日，该平台累计接入银行融资租赁基金等金融机构54家，上架73个金融产品。 "根据工信部评估，上海中小企业融资环境指标已连续四年排名全国第一，下一步我们将会同中央金融 管理部门在沪机构和本市相关部门落实好新一轮的信贷奖补政策，推动政府性融资担保机构覆盖面持续 扩大，引导在沪银行机构用好用足政策，敢贷愿贷。未来，上海也将支持金融资源进一步投向绿色低碳 领域，鼓励更多产品与服务创新。"上海市委金融办副主任陶昌盛表示。 新华财经上海5月16日电（记者杜康）进入2025年，全球可持续发展面临较多挑战，多个国家和地区出 现了政策风向变化。在此背景下，中国仍坚持从多方面践行可持续发展理念。15日，"2025中国社会责 任投资高峰论坛"在沪举办。上海不断提升金融服务实体经济的能力和水平，记者从会上了解到，截至 2024年末，上海普惠型小微企业贷款余额同比增长14%，绿色贷款余额同比增长20.7%。 "构建可持续金融体系是金融 ...

"逆澜拓新，启可持续新篇——2025中国社会责任投资高峰论坛"日前在沪举办。论坛由中国普惠金融研 究院（简称"CAFI"）、上海交通大学上海高级金融学院（简称"交大高金"）、第一财经研究院联合主 办，多位与会嘉宾都表达了对社会责任投资发展的期待，并给出了切实可行的建议。 上海浦东发展银行副行长、董事会秘书张健则站在商业银行的视角，提出践行社会责任、推动可持续发 展，关键要把握好三对关系：一是外在要求与内在发展驱动的关系，社会责任是商业银行优化信贷结 构、推动高质量发展的内在要求，已成为新增长引擎；二是经济价值与多元社会价值的关系，这两者共 生共荣，发展普惠金融有助于构建"大中小微个"相协调的丰富客户生态；三是企业发展与各利益相关方 之间的关系，共生、共赢、共享的理念会使企业更具有创新性和竞争力，有助于构建和谐的企业生态。 泰国开泰银行总裁陈博文分享了他们的创新探索。他说，全球气候变化需要创新性金融产品。开泰银行 与生态伙伴合作构建了集绿色金融、绿色技术、绿色治理于一体的服务体系，助力高碳排行业转型，推 动脱碳经济发展。同时，开泰银行特别关注小微企业和个体户的可持续发展，助力小微企业绿色转型， 并与政府部门和其 ...

Group 1 - The 2025 China Social Responsibility Investment Summit was held in Shanghai, emphasizing the importance of sustainable financial systems for high-quality financial development [1][3] - The construction of a sustainable financial system is seen as a core resource for sustainable development, with Shanghai positioned as a key platform for innovation and international competitiveness in this area [3] - By the end of 2024, the balance of inclusive loans for small and micro enterprises in Shanghai reached 1.29 trillion yuan, a year-on-year increase of 14% [3] Group 2 - Green finance is crucial for achieving the "dual carbon" goals, with Shanghai's green loan balance growing by 20.7% year-on-year by the end of 2024 [3] - Ant Group's CEO highlighted the potential of sustainable financing technology innovations, suggesting that direct financing supported by new technologies can effectively disperse risks [4] - The Shanghai Stock Exchange has actively developed low-risk, stable-yield products, with bond ETF products reaching a scale of 214.9 billion yuan, a 43% increase from the end of 2024 [5] Group 3 - The sustainable development of rural areas presents significant opportunities for social responsibility investment, necessitating a modern financial service system tailored to rural revitalization [5] - The concept of "mixed financing" involving social capital and commercial capital is being explored to address market failures in rural areas [5]

Core Viewpoint - The forum emphasizes the importance of sustainable finance in achieving high-quality development and addresses the challenges and opportunities in promoting social responsibility investment in China [1][2]. Group 1: Sustainable Finance System - The construction of a sustainable finance system is crucial for high-quality financial development and is characterized by its role as a core resource for sustainable development [2]. - Sustainable finance is seen as an evolution of traditional finance, focusing on systemic reforms across various financial dimensions [2]. - The "Five Articles of Finance" are identified as key strategies for building China's sustainable finance system, targeting critical areas and weak links in high-quality development [2]. Group 2: Shanghai's Financial Initiatives - Shanghai has made significant progress in promoting inclusive finance, with a reported loan balance for small and micro enterprises reaching 1.29 trillion yuan, a 14% year-on-year increase by the end of 2024 [3]. - Green finance is pivotal for achieving carbon neutrality goals, with green loan balances in Shanghai growing by 20.7% year-on-year by the end of 2024 [3]. - The Shanghai Stock Exchange has introduced guidelines to enhance the quality of sustainable development disclosures among listed companies [3]. Group 3: Technological Innovations in Financing - Ant Group's CEO highlighted the potential of technology-driven direct financing to mitigate risks associated with traditional indirect financing methods [4]. - Innovations such as Real World Assets (RWA) and blockchain technology can enhance asset transparency and lower financing barriers, particularly in renewable energy sectors [4]. Group 4: Social Responsibility and Sustainable Development - The relationship between external requirements and internal development drivers is crucial for commercial banks to optimize credit structures and promote high-quality development [5]. - The collaboration between financial institutions and ecological partners is essential for creating innovative financial products that support sustainable development [5]. Group 5: Capital Market Contributions - The Shanghai Stock Exchange has actively developed low-risk, stable-return products, with a total of 1,194 billion yuan in bond and asset securitization products issued to support small and medium enterprises in early 2025 [6]. - The total scale of bond ETF products reached 2,149 billion yuan by the end of April 2025, reflecting a 43% increase from the end of 2024 [6]. Group 6: Rural Sustainable Development - The construction of a modern financial service system tailored for rural sustainable development is essential for promoting comprehensive rural revitalization [7]. - The latest publication from the China Inclusive Finance Research Institute discusses the challenges and pathways for rural finance, emphasizing the need for mixed financing models involving social and commercial capital [7]. Group 7: Innovation and Research - The forum showcased innovative products and academic works, including the launch of a new customer service brand by SPD Bank and two reports from the First Financial Research Institute focusing on sustainable development and corporate social responsibility [8].

Core Insights - The property service industry is experiencing a slowdown in scale and revenue growth, declining profitability, challenges in value-added services, and a decrease in cash on hand, necessitating strategic transformation and digital enhancement for market opportunities [2][11][12] Group 1: Industry Performance - In 2024, 62 listed property companies reported a total revenue of 288.5 billion yuan, with an average year-on-year growth rate of 4.66%, a decline of 4.04 percentage points from 2023 [8] - The number of companies reporting revenue declines reached 22, accounting for 35.5% of the sample, while only 14 companies achieved revenue growth exceeding 10% [8] - The total net profit for these companies was approximately 11.11 billion yuan, down 20.74% from 2023, with an average gross margin decreasing from 23.57% to 21.82% [9] Group 2: Market Trends - The industry is witnessing a diversification in service offerings, with 11 out of 25 sample companies reporting that non-residential management income accounts for over 40% of their basic management income [4] - The trend of companies focusing on high-quality project expansion and core areas is evident, with a total managed area of approximately 7.62 billion square meters, reflecting a modest growth of 1.6% [2] Group 3: Strategic Developments - Companies are actively pursuing digital transformation to enhance operational efficiency and reduce costs, with significant progress reported in areas such as organizational structure optimization and customer service improvement [15] - Collaborations with technology firms are ongoing to improve community living standards through the integration of technology and service delivery [15][16] Group 4: Financial Management - As of the end of 2024, cash and cash equivalents for the sample companies totaled 114.44 billion yuan, a slight decrease of 4.34% from the previous year, indicating potential financial pressure [13] - The growth rate of accounts receivable was only 2.85%, lower than the overall revenue growth, suggesting improved cash flow management practices among most companies [13]