Group 1 - The China Securities Association has revised the "Special Evaluation Method for Securities Companies' Social Responsibility," incorporating indicators related to green development and innovation into the evaluation framework [1] - New indicators such as "service for regional coordinated development" and "government support for institutional bond bidding" have been added to enhance the industry's resource advantages and professional capabilities [1] - The adjustments in specific requirements for indicators related to social responsibility recognition and investor education aim to improve the precision of the evaluation design [1] Group 2 - The State Council's guidance on the "Five Major Financial Articles" emphasizes the establishment of a green financial system and the integration of low-carbon transition factors into asset management considerations [2] - The policy direction under the "Five Major Financial Articles" is leading to positive changes in the primary equity investment ecosystem, enhancing strategic mission and clarity [2] - Improved fundraising environments and policy support are providing more long-term funding sources, such as insurance and pension funds, to assist institutions in raising capital [2]

Core Viewpoint - Shanghai Bank has achieved a "double decline" in non-performing loan (NPL) ratio and balance for 2024, while also addressing challenges related to net interest margin and focusing on growth in technology, inclusive, and green finance [1][2][3][4]. Group 1: Non-Performing Loans - Shanghai Bank has seen a year-on-year decline in non-performing loan ratio and balance, attributed to enhanced credit risk management and a focus on resolving existing risks, maintaining an annual resolution scale of over 20 billion yuan [1][4]. - The bank has implemented a data-driven risk management system to further reduce the generation rate of non-performing assets [1]. Group 2: Net Interest Margin - The bank anticipates continued pressure on net interest margin due to expected monetary policy stability and declining market interest rates, leading to a decrease in the yield on interest-earning assets [2]. - Strategies to counteract this include improving the asset-liability structure and managing deposit pricing to lower interest-bearing liabilities [2]. Group 3: Financial Services and Growth Areas - In Q1 2025, Shanghai Bank reported significant growth in loans for technology finance (64.6 billion yuan), inclusive finance (52.6 billion yuan), and green finance (19.1 billion yuan), with year-on-year growth rates of 26.48%, 6.17%, and 10.05% respectively [3][4]. - The bank is committed to supporting the real economy and diversifying its financial service offerings in alignment with national strategic directions [3]. Group 4: Dividend Policy - Shanghai Bank has increased its cash dividend payout ratio to 31.22% for the 2024 fiscal year, with plans to maintain a minimum of 30% in cash dividends over the next three years [3][4].

在投资端，中银理财构建了"固收+衍生品"的多元策略组合，以ESG为核心风控工具，实现风险规避与 收益提升的双重目标。 传统金融定价侧重财务指标，而ESG将环境（E）、社会（S）、治理（G）纳入评估体系。中银理财从 产品策略、投资、风控等方面进行多方位优化设计，确保在投资管理的各个环节都能充分考虑ESG因 素，并持续强化其在投前、投中、投后的全流程应用。 产品创新：从单点突破到生态构建 绿色理财是一种综合考量资源有限性、社会效益、环境保护与生态平衡以及企业盈利的理财模式。近年 来，随着全球对气候变化问题的重视程度不断提升，绿色理财市场呈现出蓬勃发展的态势。政策层面， 各国政府纷纷出台鼓励绿色金融发展的政策，搭建起绿色金融制度的"四梁八柱"。早在2022年，中银理 财便制定绿色金融相关规划，从业务发展、风险管理、碳运营等七大维度系统布局。其中，"ESG优 享"系列产品作为立足负责任投资领域设立的专属产品品牌，有效引导理财资金投向ESG表现较好的企 业。截至2024年末，ESG主题产品存续规模超700亿元。 2025年2月，《银行业保险业绿色金融高质量发展实施方案》明确要求银行理财子开发绿色主题产品， 而中银理财早 ...

Company Dynamics - On June 12, China Post Consumer Finance Co., Ltd. held the "Beautiful Life, Start with You" event to launch the upgraded version 3.0 of the China Post Wallet APP, showcasing significant achievements in digital transformation within the consumer finance sector [2] - The chairman of China Post Consumer Finance emphasized the company's commitment to providing quality and convenient financial services since its establishment in 2015, aligning with national policy directions [2] APP Upgrade Features - The upgrade of the China Post Wallet APP 3.0 focuses on five key areas: interactive experience, service functionality, AI applications, brand trust, and Harmony ecosystem experience, optimizing 20 core functions [3] - The user interface has been redesigned for easier access to financial services, and the loan process has been simplified to three steps, making financial terms more understandable [3] - New features include "YO+ Credit Score" and "Credit Compass," which utilize multi-dimensional data models for personalized financial service matching and risk identification [3] - AI technology has been integrated, introducing a financial digital assistant and voice search capabilities to enhance service responsiveness [3] - The company has launched the "Post Forest" carbon account, promoting green finance by allowing users to earn points through online actions and inviting friends to reduce carbon emissions [3] Risk Management - The company employs a self-developed digital risk management platform and big data models to identify risks through customer profiling and AI algorithms, ensuring the appropriateness of credit services [4] - A comprehensive fraud risk prevention system has been established to protect customer rights against individual and group fraud [4] - The company has developed over 100 application systems with a self-research ratio exceeding 90%, exploring technologies such as cloud computing, microservices, big data, and artificial intelligence [4] Ecosystem Cooperation - China Post Consumer Finance is advancing the "China Post Consumer Finance +" strategy by deepening collaborations with its parent company and various internet platforms to create a diverse ecosystem for comprehensive financial service solutions [5] - Insights from industry experts and academics during the event highlighted the critical role of credit data in the digital transformation of consumer finance [5] - The company aims to leverage technology to create an inclusive financial future, emphasizing the importance of user experience and robust risk management [5]

2025年06月13日 国泰君安期货商品研究晨报-绿色金融与新能源 | 观点与策略 | | --- | | 镍：现实支撑与弱势预期博弈，镍价震荡运行 | 2 | | --- | --- | | 不锈钢：负反馈传导减产增加，钢价区间震荡 | 2 | | 碳酸锂：产量高位带动累库延续，锂价偏弱运行 | 4 | | 工业硅：以空配思路为主 | 6 | | 多晶硅：现货弱势，盘面具下行驱动 | 6 | 国 泰 君 安 期 货 研 究 所 请务必阅读正文之后的免责条款部分 1 期货研究 商 品 研 究 2025 年 6 月 13 日 镍：现实支撑与弱势预期博弈，镍价震荡运行 不锈钢：负反馈传导减产增加，钢价区间震荡 张再宇 投资咨询从业资格号：Z0021479 zhangzaiyu@gtht.com 【基本面跟踪】 镍基本面数据 | | | 指标名称 | T | T-1 | T-5 | T-10 | T-22 | T-66 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 沪镍主力（收盘价） | 120,000 | -1,790 | -1,5 ...

产品创新，"链"动绿色农业未来。聚焦农业企业需求，创新推出"农业供应链贷"。该产品以产业链为枢 纽，深度介入企业上下游，基于市场需求构建金融支持闭环，提供一揽子定制化服务。截至4月末，该 产品授信金额达3956万元，精准滴灌29户农业经营主体，实现了金融活水与产业沃土的无缝对接。 吴 志巧 资源倾注，畅通绿色发展血脉。在产品创新、额度保障、利率优惠、专线服务上多管齐下，如皋农商银 行对符合标准的绿色产业需求实施"优先满足"原则。信贷资源明确向绿色低碳产业和环保提升项目倾 斜，确保规模专项保障。针对长周期绿色项目，灵活匹配贷款期限，显著加大中长期绿色贷款投放。依 托"对接快、审批快"的决策优势，通过批量走访、提前授信、无缝续贷等方式，让绿色企业融资体验更 流畅、更安心。 今年以来，如皋农商银行坚定扛起地方金融使命，将绿色发展理念深植血脉，全力将绿色金融打造为战 略核心引擎，通过政策、资源、资金三大维度精准发力，为地方经济绿色转型注入澎湃动能。截至4月 末，该行绿色信贷余额12.7亿元。 战略引领，构筑绿色金融生态圈。银行顶层设计先行，从绿色信贷拓展、授信政策优化、社会责任践行 三方面描画长远蓝图。成立专项工作组 ...

新华财经北京6月12日电（高二山）人民银行12日开展1193亿元7天期逆回购操作，操作利率持平于1.40%；鉴于当日有1265亿元逆回购 到期，公开市场实现净回笼72亿元。 货币市场利率（6月12日） 来源：全国银行间同业拆借中心 来源：全国银行间同业拆借中心 上海银行间同业拆放利率（Shibor）隔夜与7天品种上涨，14天品种下跌。具体来看，隔夜Shibor上涨0.60BP，报1.3670%；7天Shibor上 涨1.90BP，报1.5210%；14天Shibor下跌2.50BP，报1.5350%。 | | | | 2025-06-12 11:00 | | --- | --- | --- | --- | | | 期限 | Shibor(%) | 涨跌(BP) | | t | O/N | 1.3670 | 0.60 | | 1 | 1W | 1.5210 | 1.90 | | t | 2W | 1.5350 | 2.50 | | t | 1M | 1.6200 | 0.00 | | 个 | 3M | 1.6390 | 0.30 | | t | 6M | 1.6570 | 0.10 | | 价 | 9M | 1 ...

此次落地的"碳收益损失保险"是国网武汉供电公司携手多方为东西湖区东风社区专门量身定制的一款金融产品，旨在为新建光伏项目提供全方位风险保 障，稳定项目收益，推动碳普惠机制在光伏领域深度应用，有效填补了省内农村新能源项目在此类风险保障上的空白。同时，作为武汉供电公司以金融服 务带动产业链上下游共同发展的创新实践，该项目的顺利落地成功构建了"绿色信贷-碳普惠开发-保险保障"全周期管理闭环，显著降低了农村新能源项目 的投融资成本和运营风险。 6月10日，湖北省首单应用于农村分布式光伏项目的"碳收益损失保险"在武汉市东西湖区东风社区正式落地。 该保险由国网武汉供电公司主导推动，基于"电-碳-金融服务中心"平台，由英大长安保险经纪有限公司联合中国太平洋财产保险股份有限公司共同开展， 主要目的是为武汉光谷综合能源服务有限公司在武汉市东西湖区社区建设的分布式光伏项目提供碳普惠收益风险保障。此举是国网武汉供电公司推动农村 能源革命开展金融领域创新的关键突破，标志着碳收益损失保险这一创新险种在农村场景下落地应用。 一直以来，为落实国网湖北省电力有限公司关于开展农村能源革命、促进低碳转型发展的战略部署，国网武汉供电公司积极践行绿色 ...

Core Insights - Postal Savings Bank of China Hunan Branch has successfully implemented a green merger and acquisition loan of 392 million yuan to support a listed company's acquisition of a renewable energy enterprise, enhancing the asset quality of the listed company [1] - The loan process from documentation to disbursement took only one month, demonstrating efficiency in meeting client financing needs for mergers and acquisitions [1] - The bank is actively promoting green finance in line with regulatory requirements, focusing on supporting green, low-carbon, and circular economy initiatives [1] Summary by Categories Green Financing Initiatives - As of April 2025, green financing has increased by 6.12% compared to the beginning of the year, outpacing the growth rate of all loans [1] - The bank has established a comprehensive policy framework for green finance, including delegated approval authority and preferential policies [1] - Innovative financial products such as carbon reduction-linked loans of 125 million yuan and sustainable-linked loans of 100 million yuan have been introduced [1] Future Plans - The bank plans to accelerate the innovation of green finance processes, products, and services, and actively participate in transformation finance [2] - Continuous training and research in green finance will be conducted to guide enterprises towards low-carbon development [2]

Core Viewpoint - The article highlights a green revolution in Jinchang, Gansu, focusing on the transformation of high-salinity wastewater into valuable products, showcasing the collaboration between Gansu Bank and local enterprises to promote a circular economy [1][2][6]. Group 1: Project Overview - Gansu Kexing Salt Chemical Co., Ltd. is processing high-salinity wastewater to produce high-value potassium perchlorate, achieving "waste salt rebirth" [1][2]. - The high-salinity wastewater treatment project was signed at the 29th Lanzhou Investment and Trade Fair in July 2023, addressing complex wastewater from large enterprises like Jinchuan Group [2][3]. - The project aims to achieve an annual production of 30,000 tons of potassium perchlorate and treat 1 million cubic meters of high-salinity wastewater, with a resource utilization rate of 100% [3]. Group 2: Financial Support - Gansu Bank's Jinchang branch provided a comprehensive financial service plan, including 110 million yuan in fixed asset loans and 15 million yuan in working capital loans, utilizing innovative collateral methods [2][4]. - The bank's support enabled the project to overcome significant funding gaps and facilitated rapid project implementation, achieving production readiness in under 18 months [3][4]. Group 3: Technological Advancements - The project features advanced production processes with high automation, requiring only 3-4 workers per shift, and incorporates a zero-carbon production method relying solely on electricity [4][5]. - The implementation of a flexible production system allows for real-time adjustments based on electricity load and raw material supply, optimizing cost and output [5]. Group 4: Economic and Environmental Impact - The successful implementation of the project exemplifies the integration of finance and the real economy, contributing to the green transformation of Jinchang's industrial landscape [7][8]. - The project not only addresses environmental challenges but also strengthens the resource recycling industry cluster in Jinchang, showcasing a model for regional circular economy [7][8].