"责任与创新的最终目的，是为了实现可持续的价值创造。"黄昊进一步阐释了价值的多元维度。于客户，公司创设多品类金融"工具箱"，护航"专精特新"企业 成长；于员工，构建"管理+专业"双通道晋升体系，激活人才这一"第一资源"；于股东，"十四五"期间累计分红87亿元，真正与投资者共享发展红利；于社会，他描 绘了金融反哺社会的深远图景——从累计投入无偿资金超3.5亿元、实施帮扶项目200多个的乡村振兴实践，到获评联合国"全球减贫案例"的红枣"保险+期货"项目， 再到在甘肃会宁植下的百万株"生态林"，申万宏源探索出的可复制帮扶经验，正是金融企业服务家国大局的坚实脚印。 新华网北京10月28日电（于琦）2025金融街论坛年会于10月27日至30日在北京金融街举行，今年论坛的主题为"创新、变革、重塑下的全球金融发展"。作为年 会合作单位，新华网于10月28日下午承办"科技驱动ESG升级：金融领域的责任创新与价值重塑论坛"专场活动。会上，申万宏源集团股份有限公司党委副书记、副 董事长、总经理黄昊发表主题演讲，深入阐释科技与ESG（环境、社会、治理）融合发展的核心逻辑，并围绕"责任""创新""价值"三大关键词，分享了申万宏源在 ...

Core Insights - The China Brand Development Index (2025) was released at the opening ceremony of the 2025 China Brand Forum, indicating a sustained positive trend in brand development amid deepening reforms and enhanced corporate innovation [2] Group 1: Brand Development Index - The index utilizes big data and artificial intelligence to dynamically monitor 100 representative enterprises, providing a scientific quantitative evaluation of the economic climate from a brand perspective [2] - The index shows that 50% of the brands included are from the real economy, highlighting the significant role of traditional industries in brand development [2] Group 2: Development Characteristics - Technology companies like Huawei and DeepMind are reshaping global supply chains through intensive R&D efforts [2] - The integration of ESG (Environmental, Social, and Governance) principles into corporate strategies is driving green transformation and carbon neutrality [2] - State-owned enterprises (SOEs) such as State Grid and Industrial and Commercial Bank of China, along with private firms like Alibaba and Tencent, consistently rank among the world's top 500 companies, demonstrating strong revenue and risk resilience [2] - Chinese enterprises, particularly SOEs, are deepening their global presence as part of their internationalization process [2]

Core Insights - The article highlights the investment philosophy and strategies of Ma Kewai, founder and chairman of Mingze Investment, emphasizing a systematic approach to investment based on deep industry knowledge and rigorous research [1][4]. Group 1: Investment Philosophy - Ma Kewai's investment style is likened to a "tea connoisseur," focusing on identifying companies with deep roots and unique qualities [1]. - The principle of "extreme truth-seeking and transparency" is central to both Ma's personal and organizational investment strategies [1][4]. - The "10,000-hour rule" serves as a lifelong methodology for Ma, emphasizing systematic learning, deep research, and continuous review to amplify "cognitive compounding" [7][9]. Group 2: Industry Focus and Experience - Ma's background in finance and management within government and large enterprises provides him with a unique perspective on both operational challenges and capital market intricacies [2][3]. - His initial focus on the environmental protection sector allowed Mingze Investment to build a competitive edge through comprehensive market coverage, achieving significant milestones in just 19 months [3][4]. - The transition from environmental investments to sectors like non-bank finance, high-end manufacturing, consumption, and healthcare reflects a strategic expansion based on systematic knowledge transfer [7][9]. Group 3: Systematic Investment Framework - Mingze Investment employs a structured investment strategy characterized by "three objects + six elements + one veto + ESG evaluation" [4][5]. - The "three objects" include trends, deviations from trends, and structural changes, which are fundamental to the investment strategy [5]. - The six elements encompass industry and company dynamics, liquidity and investor sentiment, profit growth and structure, valuation, policy, and economic cycles [6]. Group 4: Future Outlook and Strategic Focus - The company anticipates a "long-term steady progress" trend in China's capital market, with a focus on new productive forces and sustainable investment opportunities [8][9]. - Key areas of interest include technological innovation, AI, and structural opportunities related to safety, consumption, and effective investment [8][9].

Group 1 - The core issue for small and medium-sized enterprises (SMEs) in the supply chain is the difficulty in ESG (Environmental, Social, and Governance) transformation due to a lack of funding and standards [1][2] - SMEs are often seen as bottlenecks in enhancing supply chain ESG performance, as many lack the necessary resources and capabilities for green transformation [1][2] - There is a significant gap in understanding ESG among SMEs, with many viewing it merely as a compliance cost rather than a strategic necessity [1][2] Group 2 - The absence of unified standards for ESG management in the supply chain leads to increased costs and inefficiencies for SMEs, as they must adapt to varying requirements from different enterprises [2][3] - Communication costs and supply chain risk management challenges arise from data silos and information asymmetry, complicating the ESG transition for SMEs [2][3] - Chain-leading enterprises are beginning to take on leadership roles by establishing standards, sharing technology, and fostering ecological collaboration to help SMEs overcome these challenges [3][4] Group 3 - Chain-leading companies are encouraged to actively participate in the formulation of industry standards and to extend ESG standards to their suppliers [3][4] - Successful examples include companies like Pinggao Electric, which has implemented a "green technology spillover mechanism" to assist suppliers in optimizing processes and reducing energy consumption [4][5] - Financial tools and policy guidance are essential to ensure that SMEs can profit from their ESG transformations, making it financially viable for them to invest in necessary changes [5][6] Group 4 - Financial institutions are increasingly incorporating ESG factors into their credit decision-making processes, allowing companies with strong ESG performance to benefit from lower financing costs [7][8] - The Shanghai Stock Exchange has launched initiatives to enhance ESG ratings among listed companies, promoting better information disclosure and attracting social capital to sustainable sectors [7][8] - Companies are integrating ESG metrics into executive assessments and using supply chain standards to nurture specialized SMEs, thereby driving broader green transformation across the industry [8]

Core Insights - The Tibet Qizheng Tibetan Medicine Co., Ltd. won the "Outstanding Award" at the Ram Charan Management Practice Award for its case study on sustainable business models and governance practices [1] Sustainable Business Model - The company emphasizes the importance of biodiversity and environmental protection in the Qinghai-Tibet Plateau, having completed resource surveys for over 120 Tibetan medicinal materials and established standards for over 60 local varieties [2] - Qizheng has developed a functional base system covering wild nurturing, semi-wild planting, artificial breeding of rare and endangered medicinal materials, and industrialized planting, with a total area exceeding 500,000 acres [2] - The company respects the rights of indigenous people and has established a benefit-sharing mechanism, promoting low-carbon concepts and high-standard green production through smart factories [2] - Qizheng's production process is inherently low-pollution and generates less waste, and the company has implemented an environmental management system certified by national standards [2] - The Qizheng Foundation supports Tibetan medicine culture through various projects, creating a mutually beneficial ecosystem with stakeholders including patients, employees, and suppliers [2] Sustainable Governance Practices - Since 2012, the company has been systematically building a sustainable development management system, with plans to upgrade its ESG framework by 2025 [3] - The strategic "Five Trees" model integrates disease, health, technology, products, and brand into a comprehensive layout, ensuring seamless connection between strategy and operational plans [3] - The company enforces a "one-vote veto" system in product development, prohibiting the market introduction of any product relying on endangered or scarce resources without completed resource planning [3] - Qizheng is advancing organizational youthfulness and establishing a modern enterprise management system to attract and cultivate professional talent [3] - The founder of Qizheng received the inaugural Peter Drucker China Management Award in 2019 for promoting sustainable development principles in Tibetan medicine [3]

Core Viewpoint - Terex plans to exit the aerial work platform business and merge with REV Group, which specializes in manufacturing specialty vehicles such as fire trucks and ambulances [1][3]. Financial Performance - In Q3 2025, Terex reported sales of $1.4 billion, up from $1.2 billion in the same period last year, driven by strong demand for refuse collection vehicles, multifunctional vehicles, parts, services, and digital solutions [4]. - The ESG segment saw a 13.6% increase in sales, reaching $435 million, while the aerial work platform segment experienced a 13.2% decline in sales to $537 million due to decreased sales volume, unfavorable customer mix, and tariff resistance [4]. - The material handling segment's sales fell by 6.1% year-over-year to $417 million, although growth in the aggregate business in North America, Europe, and India offset declines in concrete and crane businesses [4]. Strategic Moves - Terex is seeking strategic options to exit the aerial work platform segment, potentially selling its Genie business to reduce exposure to cyclical end markets [3][4]. - The company aims to become a diversified leader in emergency, sanitation, utility, environmental, and material handling equipment markets, which are characterized by low cyclicality, resilient demand, and strong long-term growth prospects [4]. Merger Details - The aerial work platform business is expected to generate approximately $2 billion in revenue for Terex in 2025, with total group sales projected at $5.4 billion [5]. - Following the merger, the combined sales of Terex and REV Group (excluding the aerial work platform) are expected to reach $5.8 billion in 2025 [5]. - Terex CEO Simon Meester will lead the merged company, which aims to create a large, diversified industrial leader by integrating complementary business portfolios [7]. - Post-merger, Terex shareholders will own 58% of the new entity, while REV Group shareholders will hold 42% [7].

中新网北京11月2日电 (记者夏宾)当前，中国"数智"与"绿色"双化协同不断走深走实，推动企业ESG建 设从理念倡导迈向系统化、智能化的实践新阶段。在此背景下，聚焦数智化这一创新动能，第四届上市 公司可持续发展官论坛暨年度最佳奖项评选(下称"活动")于近日在北京举办。活动现场，"安永可持续发 展年度最佳奖项2025"获奖名单揭晓。 从零碳技术驱动全链转型，到人工智能赋能新质生产力；从乡村振兴共创共享，到绿色出海输出中国方 案——本届获奖实践体现中国企业在ESG融合AI领域的前沿探索，成为构建现代化产业体系、实现高质 量发展的生动注脚。 安永中国主席兼大中华区首席执行官陈凯表示，今年，可谓全球可持续发展的关键一年，《巴黎协定》 达成10周年，《联合国气候变化框架公约》第30次缔约方大会即将在巴西召开，全球气候治理虽仍面临 挑战和不确定性，但绿色低碳、可持续发展终将是时代潮流；今年也是"绿水青山就是金山银山"理念提 出20周年。随着人工智能技术的跨越式发展，一股前所未有的强劲动能正推动着中国企业加快数字化绿 色化转型。 陈凯认为，企业是经济活动的核心力量，既是可持续发展的影响者，更是解决方案的创造者，在技术创 新 ...

在社会责任方面，上市公司积极投身社会公益事业，服务国家科技创新等重大战略，助力经济效益与社 会价值"双赢"。2024年度A股上市公司乡村振兴投入金额合计约303亿元，社会公益支出约232亿元。 "可以看到，上市公司可持续发展工作的内生动力持续增强，可持续发展的生态体系不断完善，政策环 境、市场环境也更加优化。" 孙念瑞表示，作为证监会领导下的全国性上市公司自律组织，中国上市公司协会将继续秉持"服务、自 律、规范、提高"的工作宗旨，努力做好"上市公司之家"。 在信息披露方面，可持续信息披露数量和披露率大幅上升。2020年，共有1027家上市公司披露可持续发 展相关报告，披露率为24.81%；截至2025年6月底，共有2481家上市公司披露ESG(环境、社会和治理) 相关报告，披露率为46.09%，五年来增长超过20个百分点。 在公司治理方面，上市公司不断创造条件促进独立董事勤勉高效履职，通过董事会专门委员会发挥决 策、咨询、监督职能。在已披露可持续发展报告的上市公司中，近70%明确董事会或董事会专门委员会 为可持续发展管理监督机构，67%建立起权责清晰、上下联动的ESG治理架构。 在绿色转型方面，上市公司不断探 ...

Core Insights - The global financial system is undergoing significant changes due to rising protectionism and adjustments in the international monetary system, necessitating enhanced macro policy coordination and trade dialogue among countries to maintain economic resilience and openness [1] - The 2025 Financial Street Forum, held from October 27 to 30 in Beijing, focuses on global financial development under the theme "Innovation, Transformation, and Reshaping" [3] Group 1: Company Initiatives - China Galaxy Securities, as the most widely distributed Chinese brokerage in Asia, is actively participating in high-quality overseas expansion, having signed a memorandum with Johor Land Group to enhance cross-border investment and economic cooperation [4][6] - The company has established a cross-border investment cooperation financial ecosystem, recognizing the rapid urbanization, digitalization, and green transformation in Southeast Asia as significant opportunities for global enterprises and capital [5][8] - China Galaxy Securities has facilitated secondary listings for major Chinese companies in Singapore and has launched innovative ETF products to connect Chinese capital with local sovereign funds [6][8] Group 2: Strategic Focus - The company emphasizes the importance of a dual approach of "investment + investment banking" to provide comprehensive support for Chinese enterprises going abroad, aiming to attract more social and international capital for the Belt and Road Initiative [6][9] - China Galaxy Securities has been actively hosting investment forums focused on China-ASEAN relations and has collaborated with local governments to support cross-border investment initiatives [7][8] - The company is transitioning from a financing intermediary to a resource integrator, aiming to support technology innovation enterprises in their overseas expansion [9][10] Group 3: Financial Innovation - China Galaxy Securities has played a key role in the issuance of the first private equity investment institution's technology innovation bonds in Beijing, which allows funds to reach tech enterprises more directly [10] - The introduction of technology innovation bonds is expected to alleviate the fundraising difficulties faced by seed and early-stage companies, providing a new financing channel for equity investment institutions [10]

Core Insights - The fourth annual forum for sustainable development officers of listed companies was held in Beijing, revealing the winners of the "Ernst & Young Sustainable Development Annual Best Awards 2025" [1] - The awards included 2 special jury awards, 12 outstanding companies, 2 distinguished individuals, 16 excellent cases, and 1 special contribution award for technological innovation empowering ESG development [1] Group 1 - Ernst & Young's China Chairman and CEO, Chen Kai, emphasized that companies are central to economic activities and play a crucial role in sustainable development and technological innovation [2] - The current trend shows that corporate ESG development is transitioning from written commitments to actionable practices, with AI providing systematic solutions for ESG management [2][3] - Ernst & Young introduced the DeepSeek model and its self-developed METIS AI platform, launching the industry's first intelligent Q&A products, EYA.ai and ESG.ai, aimed at supporting companies' green transformation across various sectors [2] Group 2 - The special contribution award for "Technological Innovation Empowering ESG Development" was established to focus on the practical application of innovative methods like AI in green development [3] - The evaluation framework for ESG practices includes nine dimensions, emphasizing the foresight and scalability of technology in the assessment of the special award [3]