Core Insights - The 2025 Sustainable Global Leaders Conference emphasizes the importance of adopting ISSB standards as a strategic tool for enhancing market competitiveness rather than merely a compliance burden [1][4] Group 1: Key Benefits of ISSB Standards - The first benefit is the ability to accurately identify risks and opportunities within the value chain, providing a solid information foundation for strategic decision-making [2] - The second benefit involves understanding the financial implications of these risks and opportunities, shifting the focus from emotional to financial aspects of sustainability [2] - The third benefit is the development of core competencies to address challenges, enabling companies to create differentiated advantages in the green economy [3] - The fourth benefit is the alignment with irreversible transformation trends, encouraging companies to embrace sustainable transitions to avoid long-term risks [3] Group 2: Conference Overview - The conference, co-hosted by the World Green Design Organization and Sina Group, aims to explore new paths for sustainable development and inject "Chinese momentum" into global governance [6] - Approximately 500 prominent guests, including international leaders, Nobel laureates, and executives from Fortune 500 companies, are invited to share insights on sustainability [6]

上海证券交易所副总经理苑多然出席2025可持续全球领导者大会并做主题演讲。 责任编辑：张恒星 专题：2025可持续全球领导者大会&首届绿色产业与可持续消费博览会 2025可持续全球领导者大会于10月16日-18日在上海市黄浦区世博园区召开。 2025可持续全球领导者大会由世界绿色设计组织（WGDO）与新浪集团联合主办，国际财务报告准则 基金会（IFRS Foundation）北京办公室协办，新浪财经与世界绿色设计组织北京代表处承办，上海市黄 浦区人民政府支持。大会以"携手应对挑战：全球行动、创新与可持续增长"为核心主题，汇聚全球智慧 力量，共探可持续发展新路径，为全球可持续治理注入澎湃的"中国动能"。 本届可持续大会在以往四届"ESG全球领导者大会"的基础上进一步升级！嘉宾阵容强大，可持续大会组 委会邀请约500位中外重磅嘉宾，其中约100位为海外嘉宾，不仅有政要、前政要、国际组织的代表，还 包括了诺贝尔奖得主、图灵奖得主、全球500强企业负责人等国际顶尖学者与业界领军代表。 ...

专题：2025可持续全球领导者大会&首届绿色产业与可持续消费博览会 本届可持续大会在以往四届"ESG全球领导者大会"的基础上进一步升级！嘉宾阵容强大，可持续大会组委会邀请约500位中外重磅嘉宾，其中约100位为海外 嘉宾，不仅有政要、前政要、国际组织的代表，还包括了诺贝尔奖得主、图灵奖得主、全球500强企业负责人等国际顶尖学者与业界领军代表。 国际可持续准则理事会（ISSB）主席特别顾问兼北京办公室主任张政伟出席2025可持续全球领导者大会并做主题演讲。 责任编辑：常福强 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 2025可持续全球领导者大会于10月16日-18日在上海市黄浦区世博园区召开。 2025可持续全球领导者大会由世界绿色设计组织（WGDO）与新浪集团联合主办，国际财务报告准则基金会（IFRS Foundation）北京办公室协办，新浪财 经与世界绿色设计组织北京代表处承办，上海市黄浦区人民政府支持。大会以"携手应对挑战：全球行动、创新与可持续增长"为核心主题，汇聚全球智慧力 量，共探可持续发展新路径，为全球可持续治理注入澎湃的"中国动能"。 ...

Core Viewpoint - The 2025 Sustainable Global Leaders Conference highlights the importance of sustainable finance as a manifestation of sustainable development principles, covering areas such as green finance, transition finance, and biodiversity finance [1][3]. Group 1: Challenges in Sustainable Finance - Sustainable finance faces significant challenges compared to traditional finance, including a lack of market mechanisms and information asymmetry [3][6]. - Companies undergoing green transitions may experience short-term operational difficulties due to high technology upgrade costs, leading to conflicts of interest that hinder effective market incentives [6][7]. - The absence of clear quantitative indicators and evaluation methods for most ESG factors contributes to insufficient information disclosure by financial institutions and companies, exacerbating issues of information asymmetry [6][7]. Group 2: Achievements in Sustainable Finance - China has established a diversified development framework for sustainable finance, with a focus on green finance, supported by transition finance and biodiversity finance [6][7]. - The Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange have released guidelines for sustainable development reporting, with some A-share companies required to disclose ESG reports starting in 2026, covering 450 companies that represent 51% of total market capitalization [7][8]. Group 3: Future Opportunities in Sustainable Finance - Sustainable finance is expected to present significant growth opportunities and become a major driving force for the transformation of the global financial system, particularly for Shanghai as an international financial center [3][6]. - Key areas for Shanghai to focus on include enhancing the internationalization of green finance, supporting the development of carbon trading markets, strengthening the implementation of transition finance, and promoting the deep integration of technology and green finance [8][9][10].

Group 1 - The A-share market saw a positive trend with the three major indices opening low and rising, particularly the 300ESGETF (159791) which increased by 0.64%, with notable gains in stocks such as Zhongji Xuchuang rising over 6%, Sungrow Power over 5%, and ZTE over 4% [1] - The Central Committee of the Communist Party of China and the State Council issued guidelines to promote green and low-carbon transformation, establishing a timeline for the national carbon market to cover major emission industries by 2030 [1] - The guidelines aim to enhance the carbon market by transitioning from single industry control to a multi-industry compatible market, which is expected to lower overall emission reduction costs and attract more financial capital for low-carbon transformation and high-quality development [1] Group 2 - The 300ESGETF (159791) closely tracks the CSI 300 ESG benchmark index, which excludes the lowest 20% of companies by ESG score from the CSI 300 sample, providing a performance benchmark and investment targets for ESG investments [2] - The fund has both onshore and offshore connection classes, specifically Class A (020868) and Class C (020869) [3]

他还谈到，今天来到2025可持续全球领导者大会收货很多，"大家的分享都很好，还有很多关于可持续 发展的内容，这些和我现在做得工作非常吻合，我目前聚焦流程工业，也就是工业领域中能耗、碳排放 量大的企业，研究如何帮它们降低能耗、提高安全性与产品质量、提升效益和市场竞争力，这些都可能 用到AI，也和可持续发展相关。没有这些技术，可持续发展可能只是一句空话，用AI等先进技术解决 实际问题才是关键。" 褚健还表示，"ESG本身是社会责任，需要各方参与，背后涉及理念、责任心、技术等多个方面，大家 要高度重视，因为这关系到人类赖以生存的地球。"（闫妍） 专题：2025可持续全球领导者大会&首届绿色产业与可持续消费博览会 2025可持续全球领导者大会于10月16日-18日在上海市黄浦区世博园区召开。 谈及人工智能技术在可持续发展方面发挥的作用，中控集团创始人、宁波工业互联网研究院创始人褚健 向新浪财经表示，"AI能改变世界、改变一切，对地球而言，很重要的一点是AI能帮助降低能耗、降低 碳排放，还能助力可持续发展，比如让人更轻松工作、更高效的利用社会资源，在碳减排等领域都会用 到AI。" 至于，目前中国企业在可持续发展方面主要 ...

Macro Research - The core CPI continued to rise year-on-year in September, reaching -0.3%, while the PPI decreased year-on-year by 2.3%. The overall price level still requires support for recovery [6] - Recent price trends show two main characteristics: first, the core CPI's rise is driven by external factors such as consumption subsidies and rising gold prices, with no significant improvement in endogenous consumer demand [6] - The market has strong expectations for the effects of anti-involution policies, but the recent rise in industrial product prices has been structural and mainly in raw materials and upstream sectors [6] Investment Banking and Brokerage Industry - The performance of listed brokerages is expected to maintain rapid growth in Q1-Q3 2025, with a year-on-year increase in net profit of 58.63% [8] - Adjusted operating revenue for 42 listed brokerages is projected to grow by 32.02% year-on-year to 395.48 billion yuan, with net profit reaching 165.15 billion yuan [8] - The brokerage business is expected to contribute the most to revenue growth, driven by a significant increase in market trading volume [8] Insurance Industry - The net profit of listed insurance companies is expected to grow significantly in Q3 2025, with a forecasted growth rate of 57.0% for New China Life Insurance [13] - The growth in life insurance premiums is driven by the optimization of asset allocation and increased equity asset configuration [14] - The combined ratio (COR) for property insurance is expected to improve despite pressures from natural disasters, with a projected COR of 96.1% for China Property Insurance [15] Shipping Industry - China's countermeasures against the US 301 investigation are expected to alleviate the impact on Chinese shipyards and shipping companies [17] - The new regulations impose special port fees on US-owned vessels docking at Chinese ports, which may lead to a reduction in effective shipping capacity and increased freight rates [19] - The shipping market is expected to see a rise in freight rates due to the countermeasures, with a projected increase in oil shipping rates [19] Company Coverage: Zhongxin Co., Ltd. - The company is expected to achieve EPS of 3.23, 5.47, and 7.08 yuan from 2025 to 2027, with a target price of 96.97 yuan based on a 30X PE ratio [21] - The company is focusing on global expansion and enhancing its overseas production capacity, with significant progress in its biodegradable product projects [24] - Continuous investment in technology and innovation is expected to enhance the company's core competitiveness and production efficiency [24] Company Coverage: 361 Degrees - The company is leading the industry in revenue growth, with a projected net profit of 12.9 billion yuan for 2025 [25] - The rapid expansion of the "super premium store" model is expected to drive further growth, with a target of opening 100 new stores [26] - The company is well-positioned for continued growth in the upcoming quarters, supported by strong product offerings and market demand [26] Company Coverage: Small Commodity City - The global trade center project is accelerating its leasing process, significantly boosting market revenue from rentals and services [27] - The company has raised its EPS forecasts for 2025-2027, reflecting strong performance and market demand [30] - The digital trade ecosystem is rapidly growing, with a significant increase in cross-border payment transactions [30]

Core Insights - The 2025 Sustainable Global Leaders Conference will be held from October 16 to 18 in Shanghai, focusing on sustainable development and high-quality disclosure [1][3] - The China Securities Regulatory Commission emphasizes the importance of high-quality development as the core of sustainable disclosure, advocating for practical guidance and regulatory oversight [1][2] Group 1: Sustainable Disclosure - The core of sustainable disclosure is high-quality development, which requires effective sustainable practices to ensure meaningful reporting [1][2] - There has been a significant improvement in sustainable disclosure among listed companies, including increased disclosure rates and more substantial governance related to sustainability [1][2] - The regulatory framework will continue to evolve, drawing on international best practices while avoiding extreme measures [2] Group 2: Conference Details - The conference is co-hosted by the World Green Design Organization and Sina Group, with support from the Shanghai Huangpu District Government [3] - Approximately 500 prominent guests, including 100 international attendees, will participate, featuring leaders from various sectors, including Nobel laureates and executives from Fortune 500 companies [3] - The conference will cover nearly 50 topics related to sustainable development, including energy, green finance, and technology [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 2025可持续全球领导者大会于10月16日-18日在上海市黄浦区世博园区召开。中国证券监督管理委员会 上市司一级巡视员 毕晓颖出席会议并发表《筑牢上市公司可持续发展制度基石》主题演讲。 专题：2025可持续全球领导者大会&首届绿色产业与可持续消费博览会 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 对于尚未进行披露的强制披露范围公司，毕晓颖表示，将督促交易所加强针对性指导，帮助企业做好首 次披露。同时，还有上千家公司自愿披露可持续报告。可以说，目前的披露范围总体能够满足各类投资 者的需求。对于不在强制披露范围的中小企业，鼓励企业量力而行，不作强制要求。我们不盲目追求披 露家数，而是会在政策评估和企业实践能力评估的基础上，综合考虑扩大覆盖面的节奏。 2025可持续全球领导者大会由世界绿色设计组织（WGDO）与新浪集团联合主办，国际财务报告准则 基金会（IFRS Foundation）北京办公室协办，新浪财经与世界绿色设计组织北京代表处承办，上海市黄 浦区人民政府支持。大会以"携手应对挑战：全球行动、创新与可持续增长"为核心主题，汇聚全 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 2025可持续全球领导者大会于10月16日-18日在上海市黄浦区世博园区召开。中国证券监督管理委员会 上市司一级巡视员毕晓颖主旨演讲。 毕晓颖表示，去年印发的新"国九条"提出，要健全上市公司可持续信息披露制度。中国证监会持续加强 制度建设，指导沪深北证券交易所制定上市公司可持续发展报告披露指引，这是国内首个系统规范上市 公司可持续披露的强制性规则。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 四是披露涉及的议题更加聚焦，实质性更强。不少上市公司反映，《指引》的出台让企业可持续披露更 加有的放矢，企业由原来的迷茫，逐步有了更明确的目标，也降低了学习国内国际其他标准的成本。 《指引》出台后，应对气候变化、反不正当竞争、平等对待中小企业等议题受上市公司的关注度大幅上 升。 目前已经形成以"交易所指引"为强制性和底线要求、"编制指南"为参考性规范和典型实践推荐的可持续 披露制度体系。 专题：2025可持续全球领导者大会&首届绿色产业与可持续消费博览会 毕晓颖表示，在政策持续引导下，上市公司可持续披露扩面、提质，彰显了上市公司高质量发展成效 ...