Towngas 27 411 - 7 中 十 日 FC 优先级评级 港华智慧能源于2025年11月11日在深圳证券交易所成功发行"零碳智慧3期绿色资产支持专项计划(碳中和)"。此次发行规模为8.12亿元人民币，优先级票面 利率为2.3%，是2025年内的第二次发行，也是50亿元储架额度内的第三期发行。本期产品获得商业银行、龙头券商、信托、国有投资机构和外资机构等 多元化金融机构的积极认购，彰显了市场对公司卓越的资产运营能力、前瞻性的综合能源战略的信心。 (1) 港华智慧能源 (1) Towngas Smart Energy > 灌华能源 港华智慧能源零碳智慧3期 绿色资产支持专项计划(碳中和) T 规模 优先级利率 :10 注化知善能源 港华智慧能源紧抓全球能源转型机遇，持续深化可再生能源战略布局。截至2025年6月，公司光伏累计并网规模达2.6GW，持续巩固行业领先地位。储能 高速增长，售电业务持续扩张至八个重要省份，显示出强劲的增长潜力与规模化推进势头。 港华智慧能源致力发展成为绿色智慧能源之领先企业，大力发展"能源即服务"(Energy as a Service, EaaS)，构建集投资、建设、运维于一 ...

Group 1 - The importance of the Chinese market for German companies remains strong, with many expressing a desire to strengthen economic and financial cooperation between China and Germany [1][2] - The establishment of the Baden-Württemberg Bank's branch in Shanghai is a strategic decision that has proven successful, catering to German, Austrian, and Swiss enterprises in China [1] - The 28th Euro Finance Week highlighted the increasing rational voices advocating for enhanced Sino-German economic and financial collaboration [1] Group 2 - The cooperation between China and Germany in addressing climate crises, promoting green finance, and maintaining financial stability is crucial [2] - Strengthening policy dialogue and cooperation is essential for maintaining a multilateral trade system and fair competition between the two nations [2] - The recent high-level financial dialogue between China and Germany has generated significant consensus among financial professionals, emphasizing the importance of continued economic and financial discussions [2][3] Group 3 - The mutual interconnection of the Chinese and European financial markets is vital for deepening bilateral economic cooperation and stabilizing global market expectations [3] - Financial cooperation is seen as one of the most professional and mutually beneficial areas in Sino-European relations [3] - The need for stable, transparent, and predictable investment rules is emphasized to facilitate business operations in each other's markets [2]

在"双碳"目标引领下，保险资金因其规模大、期限长的特点，成为绿色金融体系中不可或缺的力量。工 银安盛资管作为我国加快保险业对外开放进程以来第一家正式开业的合资保险资管公司，始终牢记践行 金融服务实体经济的责任与使命，积极发挥银行系保险资管禀赋优势，响应国家绿色发展战略，将ESG 理念全面融入投研决策与资产配置流程，持续拓展绿色投资边界，服务实体经济实现绿色转型。 面向未来，工银安盛资管将继续秉持高价值成长的发展理念，持续提升绿色资产管理与产品创新能力， 坚持把绿色金融做深做细，拓展可持续发展路径，为保险资金服务国家战略与实体经济注入更多绿色动 能。（CIS） 2025年11月20日，由证券时报社主办的2025中国金融机构年会暨中国保险资产负债管理年会在深圳成功 举行。会上揭晓了第十届中国保险业方舟奖评选结果，工银安盛资产管理有限公司（简称"工银安盛资 管"）发行的"广州开发区绿色基础设施债权投资计划"项目荣膺"2025保险业绿色金融实践方舟奖"，这 也是工银安盛资管自2022年以来连续四年获评方舟奖。 "中国保险业方舟奖"是目前国内保险行业规模最大且最具影响力的品牌活动之一，凭借其高度的公正 性、专业性和权威 ...

时代浪潮下，北京已成为绿色金融、科技金融、数字金融等前沿领域的引领者。本次活动深度走访调研 了北京绿色交易所、中国邮政储蓄银行北京分行、北京银行顺义科技研发中心，发现北京金融的不同剖 面。 金融之美：银行网点变身城市会客厅 步入中国邮政储蓄银行北京通州区运河商务区支行，有别于传统银行网点的科技感迎面而来。 在运河商务区支行客户经理尤肖璇的指引下，大堂入口处设置的多语种AI透明屏翻译设备可为客户提 供包括粤语在内的多语种即时翻译；正面的"邮你相伴"智慧屏则汇聚了多种特色服务，可针对教育、创 业、结婚、养老等多种生活场景提供多元化个人理财服务，也可通过与客户的互动展示副中心周边人文 景观。 高科技的体验不止于此。作为邮储银行（601658）北京分行首家鸿蒙生态银行，运河商务区支行基于鸿 蒙操作系统的分布式特性，将传统银行业务与先进的信息技术深度融合，实现了VIP客户提醒终端、排 队叫号终端和取号终端的互联互通，手机、移动展业PAD与智慧大屏之间的无缝协同，大幅提升了业务 办理效率和客户服务体验。 时代浪潮下，北京已成为绿色金融、科技金融、数字金融等前沿领域的引领者。 近日，由北京市委网信办主办、新京报贝壳财经承办 ...

在湖北武汉，被称为"中国光谷"的武汉东湖新技术开发区内，有着5000多家科技型企业。 投早、投小、投长期、投硬科技，在光谷这个蓬勃发展的创新生态系统中，包含信贷、保险、风险 投资、融资租赁等金融业态的1000多家金融机构，为需求各异的科技型企业量身定制金融服务。 金融活水如何滋养科技创新？一株科创新苗的诞生与发展，给出了答案。 练就一双慧眼—— 人民日报记者赵展慧 新时代以来，金融活水攀"高"逐"新"，为高质量发展注入源源不断的动力。 习近平总书记指出："引导金融机构健全激励约束机制，统筹运用好股权、债权、保险等手段，为 科技型企业提供全链条、全生命周期金融服务，支持做强制造业。" "十五五"规划建议提出："大力发展科技金融、绿色金融、普惠金融、养老金融、数字金融。" 2018年成立以来，格蓝若从单一的电力智能感知业务进入智能机器人、精密运动控制等领域，成长 为竞逐多赛道的多面手。 在这一过程中，金融支持踩准了公司的每一个成长节拍。 "我们最开始做智能电网设备，能在不断电的情况下检定互感器等电网设备。"高峰介绍，在初创 期，武汉光谷烽火集成电路创业投资基金合伙企业（有限合伙）等机构参与公司多轮股权融资，有力支 ...

Core Insights - The Beijing Green Exchange has facilitated over 4.2 million tons of voluntary greenhouse gas emission trading, generating over 300 million yuan in transaction volume since the national market's launch in 2024 [1] - The exchange serves as a key platform for carbon asset management and green development, supporting Beijing's transition to a low-carbon economy [1][2] Group 1: Market Overview - Established in 2008, the Beijing Green Exchange is authorized by the Ministry of Ecology and Environment to manage the national voluntary greenhouse gas emission trading system and is recognized as a significant environmental rights trading market [2] - The exchange has supported key carbon-emitting entities in Beijing for 12 consecutive years, achieving a cumulative trading volume of over 113 million tons and a transaction value exceeding 4.86 billion yuan [2] Group 2: Sector Contributions - In the transportation sector, the exchange has facilitated the green transition of 1.6 million vehicles through fiscal subsidies, amounting to 21 billion yuan, alleviating traffic congestion and air pollution in Beijing [2] - In the building sector, the exchange has provided technical support for energy consumption management in 16,000 public buildings, covering an area of 200 million square meters, effectively curbing excessive energy consumption growth [3] Group 3: Financial Innovation - The exchange has made significant progress in green finance by developing a carbon account and green project database system, which supports financial institutions in green financing and regulatory compliance [4] - Collaborations with major financial institutions have led to the establishment of innovative financial products, including the first domestic carbon quota OTC swap and options contracts, as well as the first carbon asset repurchase business [4] Group 4: Future Outlook - The chairman of the exchange anticipates substantial growth in green finance over the next five years, aligning with national strategies for economic and social development [5] - Beijing's advantages in financial resources and its ambition to become a benchmark city for green economy development provide a fertile ground for the growth of green finance [6]

Core Insights - The event "Jingcai Unbounded: Economic Heat Station" focused on the theme "Financial Support for Building Dreams in Beijing," highlighting the city's leadership in green finance, technology finance, and digital finance [1] Group 1: Financial Innovations - The Postal Savings Bank of China (PSBC) in Beijing has transformed its branches into social spaces that cater to various life scenarios, integrating advanced technology to enhance customer experience [2][3] - PSBC's first Harmony Eco-Bank in Beijing utilizes the Harmony operating system to merge traditional banking with advanced information technology, improving service efficiency [2][3] - The bank aims to provide comprehensive solutions beyond financial services, focusing on meeting customers' potential needs through innovative partnerships [3] Group 2: Industry Support - PSBC has extended its financial support to key industries such as semiconductors, commercial aerospace, and computing centers, facilitating technological innovation and industrial upgrades [4] - Beijing Bank has developed a digital operation framework to serve over 32 million retail customers, enhancing service delivery through digital tools [5][6] Group 3: Green Finance Initiatives - The Beijing Green Exchange has facilitated over 4.2 million tons of carbon emissions trading, generating over 300 million yuan in transaction volume since the launch of the national voluntary carbon market [8] - The exchange has supported the green transformation of the transportation sector, involving 1.6 million vehicles and government subsidies totaling 21 billion yuan [9] - The establishment of the National Green Technology Trading Center aims to bridge the gap between research institutions, financial entities, and demand-side stakeholders [9]

Economic Growth Outlook - Hong Kong's GDP growth is expected to reach approximately 3.5% in 2026, with an average growth rate of around 3% from 2025 to 2029, significantly higher than developed economies like the US and Europe, which are below 2%[1][16]. - In Q3 2025, Hong Kong's GDP grew by 3.8% year-on-year, with private consumption increasing by 2.1% and fixed capital formation rising by 4.3%[16]. Financial Market Resilience - The Hong Kong Monetary Authority injected liquidity multiple times in 2025 to stabilize the currency, resulting in a significant drop in Hibor rates, indicating a robust liquidity environment[2]. - By November 2025, net inflows from southbound trading exceeded 1.2 trillion RMB, marking a historical high and demonstrating the resilience of Hong Kong's financial system[2]. Trade and Export Recovery - Hong Kong's overall export value fell by 7.8% in 2023 but rebounded to a growth of 8.7% in 2024, with a further increase of 13.4% in the first nine months of 2025[3][16]. - The service trade sector is expanding, particularly in finance, professional services, and high-end logistics, supported by policy initiatives aimed at enhancing high-value service exports[3]. Fiscal Health and Policy Support - The fiscal deficit for 2025 is projected at approximately 67 billion HKD, about 2.0% of GDP, down from 2.7% in 2024, indicating improving fiscal health[18]. - The government plans to attract more businesses to Hong Kong through streamlined approval processes and tax incentives, enhancing the investment climate[19]. Green Finance and Innovation - As of August 2025, the Hong Kong government issued around 240 billion HKD (approximately 31 billion USD) in green bonds, establishing a key pricing benchmark in the market[26]. - The government has allocated 10 billion HKD for new industrial acceleration plans to support advanced manufacturing and innovation[25].

Core Insights - Xiamen International Bank's Xiamen branch focuses on supporting the construction of a marine strong city, providing financial backing for marine industries and regional green industry development, with a green finance loan balance expected to grow over 10% by the end of October 2025, and loans to marine-related enterprises increasing nearly 38% [1] Group 1: Green Finance Initiatives - The bank has established a comprehensive green finance service system guided by "professionalization, scenario-based, and digitalization," launching the "Green Finance Pass" digital platform that utilizes AI for automatic identification of green finance business and real-time environmental benefit assessment, with over 120,000 green finance transactions recognized [2] - The bank has introduced "carbon benefit-linked loans," where loan interest rates are tied to the carbon reduction achievements of enterprises, exemplified by a green manufacturing company that reduced financing costs by over 1 million yuan while generating approximately 5.718 million kWh of electricity annually and expected to reduce CO2 emissions by 19,137 tons over five years [2] Group 2: Collaboration with Government and Financial Tools - Xiamen International Bank collaborates with local government departments to implement green finance policies through measures like fiscal subsidies and joint enterprise databases, having joined various funds to provide preferential loan rates for enterprises in new energy shipping and marine environmental protection [3] - The bank has issued nearly 1.3 billion yuan in loans to enterprises in the Xiamen green financing enterprise database from January to October 2025 [3] Group 3: Tailored Financial Solutions for Marine Industries - The bank supports marine enterprises by providing customized financial service plans, addressing the common challenges of large investment scales, long cycles, and uncertain risks in the marine industry, with products like "Foreign Trade e-loan" and "Trade e-financing" for cross-border settlement and supply chain financing [4] - A specific case involved a marine blue enterprise that received a credit line of 70 million yuan through a "mortgage enhancement" scheme to support its operations, which had increased its oyster shell processing capacity from 100,000 tons to 250,000 tons [4] Group 4: Future Directions - The bank aims to enhance its green finance service capabilities and contribute to the construction of a national marine economic development demonstration zone, aligning with the marine power strategy [5]

Core Viewpoint - The China-Europe Green Energy Development Cooperation Conference in Nanjing marks a significant step towards enhancing international industrial collaboration and promoting green transformation development [1][2]. Group 1: Event Overview - The conference was co-hosted by Nanjing University, the Municipal Agricultural and Rural Affairs Bureau, and the Xuanwu District People's Government [1]. - A series of cooperation projects were signed, including agreements between the Europe-China Exhibition Alliance and the Zhongshan Group, as well as with China Construction Bank [1]. Group 2: Key Initiatives - The establishment of the China-Europe Green Energy Industry Collaborative Incubation Center aims to create an integrated platform for government, industry, academia, research, and finance [1]. - The "Ningfengshou" International Agricultural Technology Financial Roadshow Base was launched to serve as a national hub for agricultural technology transformation and financing [1]. Group 3: Industry Collaboration - The roundtable discussion featured face-to-face exchanges among European and Chinese representatives, focusing on the development of green energy in agricultural scenarios and smart agriculture [2]. - The Xuanwu District is positioning itself as a stronghold for green and digital development, fostering new industrial clusters in low-carbon and data-driven sectors [2].