Group 1: New Listings on Hong Kong Stock Exchange - Five companies, including Yuchai Ship Electric, Deyang Co., Weiyuan Energy, Xinquan Co., and Xingchen Tianhe, have submitted listing applications to the Hong Kong Stock Exchange, showcasing the attractiveness of the Hong Kong market for real economy and hard technology enterprises [1] Group 2: Collaboration between Exchanges - Hong Kong Stock Exchange has signed a memorandum of cooperation with the Brazilian Securities Exchange to promote sustainable finance and carbon market development, exploring cross-border securities listing and new opportunities in carbon and ESG products [2] Group 3: Walden Materials' Listing Progress - Walden Materials has passed the listing hearing on the Hong Kong Stock Exchange, being one of the largest manufacturers of heat shrink materials and communication cable products globally, with a market share of 20.6% in the global heat shrink materials industry and 12.7% in the telecommunications cable sector [3] Group 4: Financial Performance of China Merchants Securities - China Merchants Securities reported preliminary financial data for 2025, achieving a total revenue of 24.9 billion yuan, a year-on-year increase of 19.19%, and a net profit attributable to shareholders of 12.3 billion yuan, up 18.43% year-on-year, reflecting a steady transformation aligned with serving the real economy [4] Group 5: Hong Kong Stock Market Performance - The Hang Seng Index closed at 27,126.95, with a gain of 1.35%, while the Hang Seng Tech Index rose by 0.50% to 5,754.72, and the National Enterprises Index increased by 1.07% to 9,244.88 [5]

本报讯 （记者毛艺融）1月27日，香港交易所宣布与巴西证券交易所签署合作备忘录，促进两地的可持 续金融及碳市场发展。 根据合作备忘录，香港交易所将与巴西证券交易所携手推动碳市场发展、开拓大宗商品机遇，并建立定 期沟通渠道，加强双方合作。两家交易所亦会探讨旗下市场证券相互挂牌的可能性，同时寻找亚洲及南 美洲碳产品和ESG产品的新机遇。 香港交易所首席可持续发展总监周冠英表示："我们很高兴能与巴西证券交易所签署这份合作备忘录。 这次合作进一步拓展了Core Climate在碳市场上的发展，充分展现香港交易所持续推动全球各地可持续 金融发展的承诺。我们期待与巴西证券交易所紧密合作，共同推动国际碳排放标准的发展，鼓励创新， 并透过跨境合作，为市场迈向低碳经济带来实质进展。" 香港交易所表示，致力于拓展可持续金融领域的发展，推动建立透明、包容且与全球接轨的碳市场。透 过加强与巴西证券交易所的合作及持续推进可持续金融举措，进一步巩固其作为市场联系人的地位，促 进跨境创新和协作，以构建更具韧性和包容性的金融生态圈。 （编辑 张昕） ...

转自：新华财经 编辑：胡晨曦 新华财经香港1月27日电（记者林迎楠）香港交易及结算所有限公司27日宣布与巴西证券交易所签署合 作备忘录，双方将携手推动香港与巴西的碳市场发展、开拓大宗商品机遇，并建立定期沟通渠道，加强 双方合作。 巴西证券交易所国际业务发展部（亚洲及大洋洲）总监Sérgio Gullo指出，与香港交易所合作不仅巩固 了巴西证券交易所作为推动可持续经济转型方面的影响力，也为巴西市场在国际舞台上开辟了新机遇。 扩大其国际业务布局能够加强巴西在全球可持续金融市场中的影响力，并协助企业投资各类ESG产品。 香港交易所表示，通过加强与巴西证券交易所的合作及持续推进可持续金融举措，进一步巩固其作为市 场联系人的地位，促进跨境创新和协作，以构建更具韧性和包容性的金融生态圈。 根据合作备忘录，香港交易所与巴西证券交易所两家交易所还会探讨旗下市场证券相互挂牌的可能性， 同时寻找亚洲及南美洲碳产品和ESG产品的新机遇。 香港交易所首席可持续发展总监周冠英表示，此次合作进一步拓展了核心气候（Core Climate）在碳市 场上的发展，充分展现香港交易所持续推动全球各地可持续金融发展的承诺。他说，"我们期待与巴西 ...

Core Viewpoint - The report by Bank of China Hong Kong and Deloitte China emphasizes the transition of the gold industry from "responsible gold" to "sustainable gold," highlighting the need for a sustainable gold standard system and governance framework in Hong Kong [1][2]. Group 1: Industry Challenges and Transition - The gold industry has been facing challenges related to carbon emissions, environmental pollution, and labor rights, which fall under the Environmental, Social, and Governance (ESG) criteria [1]. - Historically, the industry focused on ESG risk management in gold mining and refining to ensure legal sourcing and minimize environmental and community impacts [1]. - With the rise of global green finance and sustainable investment, the governance concept in the gold industry is shifting from risk management to value creation, aiming for comprehensive sustainable development and long-term prosperity [1]. Group 2: Recommendations and Framework - The report discusses the core concepts of transitioning from "responsible gold" to "sustainable gold," analyzing the necessity and core elements for establishing a locally relevant and internationally aligned sustainable gold standard system in Hong Kong [2]. - It proposes several action recommendations, including a layered standard-setting mechanism, the creation of a credible third-party certification system, the establishment of industry alliances, and the introduction of innovative financial instruments [2]. - Bank of China Hong Kong aims to enhance its role as a global gold trading hub by expanding physical gold storage facilities and improving market infrastructure [2]. Group 3: Hong Kong's Role and Future Outlook - Hong Kong is positioned as a key bridge connecting mainland China and the world, with unique potential to integrate international standards with local practices in the gold market [2]. - The report aims to provide new ideas and frameworks for the sustainable development of Hong Kong's gold market, injecting more Asian perspectives into the global gold governance system [2]. - Bank of China Hong Kong will continue to leverage its strengths to promote Hong Kong as a global sustainable finance center, further solidifying its status as an international financial hub [2].

智通财经APP获悉，港交所今天(1月27日)宣布与巴西证券交易所签署合作备忘录，促进两地的可持续金 融及碳市场发展。根据合作备忘录，港交所将与巴西证券交易所携手推动香港与巴西的碳市场发展、开 拓大宗商品机遇，并建立定期沟通渠道，加强双方合作。两家交易所亦会探讨旗下市场证券相互挂牌的 可能性，同时寻找亚洲及南美洲碳产品和ESG产品的新机遇。 这份合作备忘录不仅展现了香港交易所致力推动全球市场迈向低碳转型的决心，也进一步将集团的可持 续发展合作伙伴关系拓展至南美洲这个在全球气候解决方案具有重要意义的地区。 港交所首席可持续发展总监周冠英表示："我们很高兴能与全球领先的金融市场基础设施集团之一—— 巴西证券交易所签署这份合作备忘录。这次合作进一步拓展了Core Climate在碳市场上的发展，充分展 现香港交易所持续推动全球各地可持续金融发展的承诺。我们期待与巴西证券交易所紧密合作，共同推 动国际碳排放标准的发展，鼓励创新，并透过跨境合作，为市场迈向低碳经济带来实质进展。" 巴西证券交易所国际业务发展部(亚洲及大洋洲)总监Sérgio Gullo表示："与香港交易所合作不仅巩固了 巴西证券交易所作为推动可持续经济转 ...

南方财经记者郭晓洁实习生王泽楠广州报道 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。 一、重点关注 1.财政部等发文将绿色消费纳入贴息范围 1月20日，财政部、商务部、中国人民银行、金融监管总局联合发布《关于优化实施服务业经营主体贷 款贴息政策的通知》，将数字、绿色、零售3类消费领域纳入政策支持范围，并明确了绿色领域对应 《中国人民银行金融监管总局中国证监会关于印发'绿色金融支持项目目录（2025年版）'的通知》（银 发〔2025〕132号）中符合"建筑节能与绿色建筑"分类标准的"物业管理"行业类别，符合"绿色交通"分 类标准的"汽车租赁""其他道路运输辅助活动"行业类别，以及符合"绿色物流"分类标准的"装卸搬运""邮 政基本服务""快递服务""其他寄递服务"行业类别；零售领域对应《国民经济行业分类》中"零售业"行 业类别。 21碳中和课题组快评：此次四部门联合优化贴息政策，其核心在于将"绿色"消费细化为可获财政支持的 消费场景，如建筑节能、绿 ...

Core Insights - The global economy is facing significant challenges such as low growth, high debt, weak investment, and trade fragmentation, which are impacting both developed and developing nations. These issues are linked to the shortcomings of the current international financial system in meeting development needs [1] Group 1: Global Debt Issues - Global debt levels are persistently high, exceeding 235% of global GDP, with public debt reaching historical highs while private debt has decreased. This high debt restricts economic growth and resilience, limiting governments' ability to invest in long-term priorities [1][2] - The ongoing presence of debt creates pressure on the financial system, with limited access to affordable financing, slow debt restructuring processes, and uneven risk-sharing hindering inclusive and sustainable development [2] Group 2: Political Will and Reform - There are encouraging signs of political will, as evidenced by the outcomes of the 2025 UN Fourth International Conference on Financing for Development, which highlighted the need for increased private investment to promote sustainable development [2][3] - To translate political commitment into real change, new solutions must be developed, such as enhancing the availability of catalytic capital and risk-sharing tools from multilateral development banks [3] Group 3: Financial System Fragmentation - The increasing fragmentation of the financial system and cross-border capital barriers are causing new frictions, with the politicization of trade and investment deepening. This fragmentation raises costs and poses strategic risks to economic growth [4] - A core challenge is the mismatch between capital-rich regions and those in need, exacerbated by non-standardized structures and limited risk-sharing tools, alongside pressures on trust and information integrity in the digital financial landscape [4][5] Group 4: World Economic Forum's Role - The World Economic Forum brings together a complete ecosystem of global finance, facilitating dialogue among public and private sector leaders, academic experts, and technology pioneers to foster trust and collaboration for reform [5][6] - The 2026 annual meeting aims to prioritize environmental protection while promoting economic growth, facilitating dialogue to rebuild trust and coordinate efforts among key stakeholders [6]

Economic Insights - India's government plans to lift restrictions on Chinese companies participating in government contract bidding, potentially opening a market valued at $750 billion[9] - South Korea's economy shows signs of recovery for three consecutive months, with industrial production increasing by 0.9% and service sector production rising by 0.7% in November[13] - Australia's inflation rate in November was 3.4%, down from 3.8% in October, but still above the central bank's target of 2% to 3%[15] - Egypt's inflation rate stabilized at 12.3% in December, creating potential for further interest rate cuts in 2026[18] Investment and Growth Projections - The UAE's economy is projected to grow by 5% in 2026, outpacing major global economies, driven by diversification and non-oil sector development[20][21] - Turkey's minimum wage will increase by 27% to 28,075 lira (approximately $655) in 2026, although it remains below the poverty line[22][23] - Indonesia's fiscal deficit in 2026 may exceed the legal limit of 3%, reaching 3.5% of GDP due to increased welfare spending[25][26] Sovereign Credit Ratings - Fitch upgraded Benin's sovereign credit outlook to positive, maintaining a B+ rating, reflecting strong economic growth prospects and prudent fiscal policies[43][44] - Fitch also upgraded Armenia's sovereign credit outlook to positive, maintaining a BB- rating, supported by increased international reserves and stable growth[45]

阿拉伯贸易网1月13日消息，彭博智库报告显示，中东北非可持续金融市场自2020年以来规模扩大约7 倍，结构由主权主导转向金融机构和能源企业主导。2025年发行规模为351亿美元，绿色金融工具同比 增长60%。阿联酋银行联合会提出到2030年实现1万亿迪拉姆可持续融资目标，新能源和低碳基建领域 潜在市场空间广阔。 ...

Core Insights - The sustainable finance market remains fundamentally strong despite recent policy pullbacks and market fluctuations, with long-term trends still positive [4][21] - Asia, particularly China, is emerging as a significant leader in global sustainable finance issuance, driven by proactive regulatory policies [5][21] - The market is experiencing a dual-dimensional differentiation in terms of regions and products, with green bonds showing resilience while sustainable-linked bonds face challenges [5][22] Group 1: Market Overview - The global sustainable finance market is relatively stable this year, with overall issuance levels flat or slightly down compared to previous years [5][21] - Europe maintains steady issuance levels, while the U.S. market shows a noticeable contraction in attention, issuance scale, and ESG-themed fund inflows [5][21] - In contrast, the Asian market continues to grow robustly, with significant increases in issuance, particularly in China [5][21] Group 2: Product Trends - Green bonds are favored in the market due to their clear use of proceeds, strict management frameworks, and high levels of information disclosure [5][22] - Sustainable-linked bonds (SLBs) have seen a significant decline in scale, as concerns about the ambition and credibility of their targets have led to market skepticism [5][22] - The overall market is characterized by a strong performance of green bonds, robust growth in Asia, resilience in Europe, and a phase of adjustment in the Americas, especially the U.S. [5][22] Group 3: ICMA's Role - The International Capital Market Association (ICMA) plays a crucial role in establishing standards and frameworks for sustainable finance, promoting healthy market development [6][23] - ICMA aims to enhance global standard consistency and coordination to avoid market fragmentation, which can hinder market expansion and the financial system's ability to meet future financing needs [6][24] - The organization collaborates closely with regulatory bodies and market participants to create frameworks that align local practices with international standards [8][25] Group 4: Emerging Markets and Trends - ICMA supports emerging markets, particularly in Asia, by helping to develop sustainable finance frameworks that align with international standards [8][25] - In China, the alignment of the "Green Bond Support Project Catalog" with ICMA's international principles is highlighted as a significant achievement [8][26] - The demand for transition finance is expected to grow significantly, with an estimated global funding requirement of approximately $30 trillion over the next 10 to 15 years [8][30] Group 5: Future Directions - The integration of technology, particularly AI, is anticipated to enhance data reliability and transparency in sustainable finance practices [8][29] - The focus on transition finance is crucial for supporting industries with high carbon footprints in their shift towards low-carbon pathways [8][30] - The ultimate goal is to align with the Paris Agreement's 1.5°C temperature target, emphasizing the need for accelerated development of transition finance and related technologies [8][30]