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].

Group 1 - The second meeting of the China-Europe Financial Working Group was held in Brussels, Belgium, on May 13-14, focusing on global economic uncertainties and macroeconomic conditions [1] - Discussions included financial stability, banking and insurance regulation, and the development of pension funds and leasing companies [1] - Constructive discussions were held on emerging areas such as sustainable finance, cross-border data flow, and the construction of cross-border payment systems [1] Group 2 - A roundtable meeting for China-Europe financial institutions took place concurrently, where financial institutions provided professional advice on digital transformation and fintech innovation [1] - There was extensive communication regarding specific requests to optimize market access and promote business innovation [1] - All parties agreed to establish a regular communication mechanism to jointly promote deeper and broader financial cooperation between China and Europe [1]

2025年4月30日，财政部、生态环境部联合印发了《企业可持续披露准则第1号——气候（试行）（征求 意见稿）》（下称《气候准则》（征求意见稿））（财会〔2025〕17号）。 这是中国首个聚焦气候相关信息披露的具体准则，其发布实施标志着中国在全球气候治理中从"被动参 与"转向"规则引领"，也为企业绿色转型和社会经济可持续发展带来更多可能性。 中央财经大学可持续准则研究中心主任刘轶芳认为，《气候准则》（征求意见稿）意义远超单一政策范 畴，有望重塑企业价值逻辑与市场生态。 她对经济观察报表示，对市场而言，这能推动可持续金融生态加速成型，也能推动气候相关信息的标准 化发展，降低投资者评估"可持续发展溢价"的成本。随着气候相关披露数据积累，ESG评级、ESG投资 将快速发展，引导百万亿级资金向真正可持续的领域聚集，形成"披露、评级、投资"的正向循环。在目 前的国际发展趋势下，中国将不断提升自己在全球气候治理中的制度性话语权。 《气候准则》（征求意见稿）共六章47条，规范了企业如何向投资者、债权人、政府及其有关部门和其 他利益相关方提供重要的气候相关信息，便于其作出经济决策、资源配置或者其他决策。 经济观察报：为什么要在 ...

Group 1: Key Developments in Green Finance - The People's Bank of China is developing 19 new green finance standards, building on 6 already published, to support the development of various green financial products and market regulations [4] - The China Central Depository & Clearing Co. plans to launch a green finance bond representation curve on April 27, 2025, which will provide refined investment analysis and research indicators for green bonds [5] - Shenzhen has publicly announced the list of financial institutions for environmental information disclosure by 2025, aiming to enhance green finance development and support sustainable finance center construction [6] Group 2: Market Trends and Performance - The national carbon market reported a highest price of 80.60 yuan/ton and a total trading volume of 1,614,145 tons for the week ending April 25, 2025, with a cumulative trading volume of 640,927,169 tons since January 1, 2025 [7] - The issuance of green bonds is gaining momentum, with the Agricultural Development Bank of China successfully issuing its first green bond for national reserve forest construction, raising 4 billion yuan at an interest rate of 1.4761% [9] Group 3: Innovative Practices in Green Finance - Zhongcheng Trust has established a specialized trust to support technology-based SMEs in the distributed photovoltaic market, addressing financing challenges and promoting sustainable development [8] - The issuance of the national reserve forest green bond emphasizes ecological services and carbon sequestration, reinforcing the connection between green finance and carbon neutrality goals [9]

Group 1: Overview of Sustainable Finance - Sustainable finance integrates environmental, social, and governance (ESG) goals into financial activities to support the transition to a sustainable economic growth model [7][8][10] - The global sustainable bond and loan market has experienced three phases: initial development, rapid expansion, and adjustment, with green bonds being the primary driver [13][14] - Europe dominates the global sustainable bond market, while the Asia-Pacific region, particularly China, is emerging as a significant growth area [14][15] Group 2: China's Sustainable Finance Market - China plays a crucial role in promoting sustainable finance, especially after the announcement of its "dual carbon" goals, accelerating the green transformation of its economy [8][10] - The annual growth rate of green loans in China from 2018 to 2023 reached 26.62%, with new green bond issuances in 2022 and 2023 totaling 0.98 trillion and 1.08 trillion RMB, respectively [15][16] - The development of ESG asset management products in China is rapidly advancing, particularly in public funds and bank wealth management products [21][22] Group 3: Challenges and Opportunities in Low-Carbon Development - Achieving climate goals requires a significant increase in climate investment, but current capital markets lack sufficient incentive mechanisms [10][16] - Financial institutions and companies face challenges in the decarbonization process, including rising costs, policy risks, and technological risks [9][10] - Many global companies have set net-zero emissions targets, with 68% of carbon-intensive industry firms committing to such goals [17][18] Group 4: ESG Reporting and Regulation in China - As of May 2024, 2,124 listed companies in China have published ESG sustainability reports, accounting for approximately 39.8% of A-share companies [21][22] - The ESG report publication rate is highest among financial, public utility, and energy sectors, while sectors like ICT and consumer goods lag behind [21][22] - The regulatory environment for ESG in China is becoming more standardized, with increasing requirements for corporate ESG disclosures [21][22]

Jane Goodland LSEG可持续发展业务集团负责人 在可持续发展披露方面，监管政策不断调整，不确定性因素显著增多。 在此背景下，企业极易陷入纷繁复 杂的细枝末节中，从而忽视大局，未能意识到可持续发展披露能为组织创造的多元价值。 当下，我们正处于过渡阶段，即 从自愿性标准迈向强制性披露要求的过渡期 ，上述情况在此阶段显得尤为 突出。自国际财务报告准则（IFRS）于2023年发布首批可持续发展标准以来，据最新统计，全球已有近30 个国家的政府正着手审查并将这些标准纳入本国法律体系。与此同时，欧盟委员会（EC）也发起了一项旨 在简化欧盟法规、增强市场竞争力的举措，其中一项重要内容便是提议修订《欧盟企业可持续发展报告指 令》（CSRD）。首批受CSRD管辖的公司将于今年提交其可持续发展报告。此次审查的结果可能包括推迟 该指令的实施时间，并缩小其适用范围，以便将关注重点放在那些更有可能对可持续发展产生重大影响的大 型企业上。 在等待强制性要求的相关细则进一步明确的过程中，企业很可能会持续为即将出台的报告新准则做好筹备工 作，并在这一进程中探寻 可持续发展披露所蕴含的价值 。 我们可以从以下三个主要类别来剖析潜 ...

近日，江苏银行入选联合国环境规划署金融倡议组织(UNEP FI)编写的《负责任银行原则全球优秀案 例》(Responsible Banking Case Study Series—Banking on Sustainability: From Principles to Practice)，成为 中国唯一入选金融机构。同时受邀参与拍摄UNEP FI"气候减缓与适应"(Climate Mitigation & Adaptation) 主题宣传片，与荷兰国际集团(ING)等其他九家国际金融机构一道，通过UNEP FI国际平台展现负责任 银行建设成效。 自2021年采纳"负责任银行原则"以来，江苏银行积极构建PRB与ESG双重引领战略体系，持续推动全行 经营发展与联合国可持续发展目标(SDGs)和《巴黎协定》目标相一致，将打造中国PRB标杆银行作为自 身负责任银行建设的工作目标。2023年，江苏银行成功当选UNEP FI银行理事会中东亚地区理事代表， 成为理事会全球12名理事之一，参与PRB这一全球银行业可持续金融准则的管理与推动，为可持续金融 前沿拓展与标准制定贡献中国智慧。 作为全球百强银行、全国系统重要性银行 ...

Investment Rating - The report indicates a cautious optimism in the fintech investment landscape for 2025, following a challenging 2024, with a total investment of $95.6 billion and a transaction count of 4,639, marking a seven-year low [4][17]. Core Insights - The global fintech investment landscape faced significant challenges in 2024 due to macroeconomic factors, geopolitical tensions, and notable elections, leading to a decline in investment, particularly in M&A and private equity [4][6]. - The Americas region accounted for the largest share of fintech investment in the second half of 2024, totaling $31 billion, with significant transactions including Nuvei at $6.3 billion and Envestnet at $4.5 billion [5][19]. - The payment sector remained the hottest area for fintech investment, attracting $31 billion in 2024, followed by digital assets and cryptocurrencies at $9.1 billion and regtech at $7.4 billion [5][19]. Summary by Sections Global Fintech Investment Overview - Total global fintech investment in 2024 reached $95.6 billion, with the second half contributing $43.9 billion [13][17]. - Investment sentiment shifted from cautious to cautiously optimistic, with a notable increase in Q4 2024, signaling potential recovery in 2025 [6][18]. Regional Analysis - The Americas led with $63.8 billion in investment, followed by Europe, the Middle East, and Africa (EMEA) at $20.3 billion, and Asia-Pacific at $11.4 billion [17]. - In the second half of 2024, the Americas attracted $31 billion, while EMEA secured $7.3 billion and Asia-Pacific $5.5 billion [5][18]. Sector Analysis - The payment sector saw a rebound in investment to $31 billion in 2024, driven by defensive transactions and strategic acquisitions [19][80]. - Digital assets and cryptocurrencies experienced a slight increase in investment to $9.1 billion, with significant transactions occurring in the second half of the year [26][35]. - Regtech investments reached $7.4 billion, with a focus on AI-driven solutions and compliance technologies [105][111]. M&A and Private Equity Trends - M&A activity decreased from $28.1 billion in the first half to $21.6 billion in the second half of 2024, but Q4 showed a significant recovery [24][18]. - Private equity investments dropped sharply from $10.5 billion in 2023 to $2.55 billion in 2024, reflecting a cautious approach among investors [24][25]. Future Outlook - The report anticipates a recovery in fintech investments in 2025, driven by declining interest rates and reduced uncertainty following key elections [6][21]. - B2B fintech companies are expected to attract significant attention, particularly in payments and regtech sectors [29][30].

彭博与周大福人寿今日共同宣布， 周大福人寿已扩充使用彭博企业解决方案，采用 MARS Climate 以助公司评估、量化和管理气候风险和机会。 拥有40年历史的周大福人寿是香港领先的 人寿保险公司，前身为富通保险。 通过MARS Climate，用户能够根据不同的综合评估模型全面地分析各种气候情景，这些模型和央 行与监管机构绿色金融网络（NGFS）的框架一致。MARS Climate 的转型风险模型由彭博新能源 财经的转型风险评估公司工具（TRACT）提供支援，结合企业活动、供应链风险水平和区域足 迹，在不同的 NGFS 气候情景下预测企业收入风险与机会。 周大福人寿执行董事兼副行政总裁暨首席财务官徐志坚先生 表示： 周大福人寿保险有限公司（"周大福人寿"）扎根香港近 40 年，为周大福创建有限公司（香港股份代号：659） 的全资附属公司，也是香港最具规模的寿险公司之一。作为周大福企业成员，周大福人寿紧扣郑氏家族（"周 大福集团"或"集团"）多元业务体系的雄厚资源 致力为客户及其挚爱家人于"生活 成长 健康 传承"的人 大福集团"或"集团"）多元业务体系的雄厚资源，致力为客户及其挚爱家人于"生活、成长、健康、 ...

会议期间，宣昌能会见了巴西央行行长加利波罗、阿根廷央行行长鲍希利、澳大利亚央行行长布洛克、 英格兰银行副行长布里登以及欧委会经济金融事务总司总司长韦尔维，就双边金融合作等议题交换了意 见。 此前，在2025年1月14日国务院新闻办公室举行"中国经济高质量发展成效"系列新闻发布会上，宣昌能 表示，未来一段时间，外部环境复杂性、严峻性和不确定性可能进一步上升，但中国的经济基础坚实。 按照中央"实施更加积极有为的宏观政策"要求，人民银行今年将落实好适度宽松的货币政策。近年来， 稳健的货币政策更加突出强调有力、有效、精准、灵活等要求，对调控区间的把握偏向宽松一些，也会 根据年中经济运行情况持续不断加大逆周期调节力度，2019年底以来还持续降准降息，累积效应使得社 会融资环境处于较为宽松的状态。 中国人民银行副行长宣昌能于2025年2月2 6 - 2 7日出席了在南非开普敦举 行 的 二 十 国 集 团 （ G20 ） 财 长 和 央 行 行 长 会 议 。 在 会 议 期 间 ， 宣 昌 能 表 示，中国经济持续回升向好，中国人民银行在推动落实金融改革、促进跨 境支付发展等方面取得了务实成果。 中国人民银行副行长宣昌 ...