Group 1 - The core initiative "Quality Return Dual Improvement" launched by the Shenzhen Stock Exchange aims to enhance the development quality and investment value return capability of listed companies, with 471 companies already disclosing their action plans by November 2025 [1] - These 471 companies represent significant market influence, with 293 being part of the Shenzhen Component Index and 88 part of the CSI 300 Index, collectively accounting for approximately 50% of the total market capitalization of the Shenzhen market [1] - The initiative has seen active participation from private enterprises, which make up nearly 70% of the companies involved, demonstrating a strong commitment to quality and return [1] Group 2 - Companies are focusing on core business development, with examples like Mindray Medical investing heavily in R&D for product upgrades and Shenghong Technology enhancing global competitiveness through acquisitions [2] - There is a strong emphasis on technological innovation, with BYD's R&D expenditure reaching 54.2 billion yuan in 2024, and Guoli Micro's R&D investment exceeding 50% of its revenue [2] - Companies are also improving governance and information disclosure, with Anker Innovations enhancing its governance structure and Xiandai Intelligent increasing the transparency of its disclosures [2] Group 3 - Companies are increasing their dividend and share repurchase efforts, with BOE Technology Group and others disclosing future shareholder return plans, and Anke Bio achieving a cumulative dividend amounting to 63% of its net profit since listing [3] - Key stakeholders are actively increasing their holdings, with major shareholders of GoerTek purchasing 47.44 million shares for approximately 1 billion yuan, reflecting confidence in the company's value [3] - Companies are enhancing communication with investors through various channels, with ZTE maintaining regular contact and providing updates on financial performance [3] Group 4 - ESG practices are being integrated into business strategies, with Longyuan Power linking ESG performance to management incentives and continuously upgrading its ESG disclosure systems [4] - The overall quality of companies is improving, with the "dual improvement" companies achieving a total revenue of 9.8 trillion yuan in 2024, a 3.6% increase year-on-year, and a net profit of 743.39 billion yuan [4] - In the first three quarters of 2025, these companies reported a revenue of 7.5 trillion yuan, reflecting a 6.9% year-on-year growth [4] Group 5 - R&D investment among "dual improvement" companies accounted for 4.3% of their revenue in the first half of 2025, with a total R&D expenditure representing 59.5% of the Shenzhen market [5] - The number of R&D personnel increased by 4.6% in 2024, averaging 1,944 employees, which constitutes 19.4% of the workforce [5] - The effectiveness of information disclosure has improved, with 58.6% of "dual improvement" companies receiving an A rating in 2024, an increase of 11.3 percentage points from before the initiative [5] Group 6 - The level of returns to investors has significantly increased, with a compound annual growth rate of 10.0% in total dividends from 2022 to 2024, and dividends in 2024 accounting for 43.6% of net profits [6] - Approximately 80% of the companies have maintained consistent dividends over the past three years, enhancing market confidence [6] - The average number of investor engagements per company was 9.0 in 2024, with an average of 134 institutional investors participating in research [6] Group 7 - The market response has been positive, with an average stock price increase of 77.2% for the 471 "dual improvement" companies from February 2024 to November 2025, outperforming the Shenzhen Component Index [7] - The total market capitalization of these companies reached 21.2 trillion yuan by November 2025, an increase of 8.1 trillion yuan since the initiative began, representing 50% of the total market capitalization of the Shenzhen market [7] - The number of companies with market capitalizations exceeding 100 billion yuan increased by 80, while those exceeding 1 trillion yuan increased by 21 since the initiative's launch [7]

全国工商联：中国民企社会责任实践彰显时代特征 编辑：陈俊明 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 在稳岗就业上，报告称，民企是吸纳就业的主要市场主体，尤其在重点群体就业方面发挥重要作用。评 价数据显示，样本企业共吸纳员工1274.55万人，71.4%的企业员工数量保持稳定和部分增长。"百城千 校万企"促就业行动累计提供超千万个就业岗位，2024年吸纳高校毕业生数量持续攀升。 报告还显示，中国民营企业是全面推进乡村振兴的重要力量。同时，中国民企还深入践行绿色发展理 念，助力经济社会发展全面绿色转型；积极投身光彩事业和公益慈善事业，促进共同富裕。(完) 来源：中国新闻网 中新社长沙12月23日电 (陈建新 刘曼)中华全国工商业联合会23日在湖南长沙发布的《中国民营企业社 会责任报告(2025)》指出，中国民营企业主动将社会责任实践与国家战略深度融合，自觉承担历史使 命。 该报告以《全国工商联民营企业社会责任评价指南( ...

Core Viewpoint - Haier Smart Home has made significant progress in its ESG initiatives by committing to achieve global carbon neutrality by 2050 and using 100% renewable energy globally, marking it as the first major Chinese home appliance company to set such a clear carbon neutrality goal [1][3]. Group 1: Carbon Neutrality Commitment - The company announced its carbon neutrality strategy at a conference themed "Smartly Drawing a Zero-Carbon Future" [1]. - Haier Smart Home's commitment includes a detailed carbon neutrality white paper outlining its plans [1]. Group 2: Sustainable Development Philosophy - Chairman and President Li Huagang emphasized sustainable development as the core business philosophy, aiming for high-quality growth through a comprehensive green low-carbon ecosystem [3]. - The company is focusing on creating a "scene" as a carrier for its green strategy, achieving full coverage from smart home scenarios to commercial and industrial applications [3]. Group 3: Energy Efficiency Innovations - In smart home scenarios, Haier has developed the UHome smart home model, which optimizes energy consumption, achieving a 20% reduction in air conditioning energy use and a 10% reduction in refrigerator energy use [3][5]. - The "Building Brain" technology in smart buildings has saved 4.5 billion kWh of electricity, reducing CO2 emissions by approximately 4 million tons [3]. Group 4: Product Innovations - Haier's innovative products include the "Lazy Three-Tub Washing Machine," which saves over 50% time and has sold over 300,000 units [7]. - The X11 washing machine, which is 70% more energy-efficient than the new European standard, has sold over 800,000 units across 20 countries [7]. Group 5: Globalization Strategy - Haier's globalization strategy allows it to implement its green initiatives across over 200 countries, facilitating rapid deployment of its carbon neutrality strategy [10]. - The company initiated a global carbon neutrality initiative, calling for collaboration across the industry to achieve sustainability goals [10]. Group 6: Comprehensive Green Manufacturing - Haier has established "zero-carbon parks" and numerous "lighthouse factories," prioritizing renewable energy in production processes [8]. - The "Smart Home Green Carbon System" enables detailed management of production execution, energy scheduling, and carbon emission management [8]. Group 7: Response to Global Challenges - Haier's proactive ESG actions are addressing global energy and climate challenges, laying a solid foundation for its sustainable development and providing a pathway for the Chinese home appliance industry towards carbon neutrality [12].

Core Viewpoint - Dazhonglin has been recognized as a leading company in ESG practices within the pharmaceutical retail industry, marking a significant achievement in its sustainable development strategy [1][2] Group 1: Company Overview - Dazhonglin, one of China's largest chain pharmacies, had 17,385 stores as of the end of Q3 2025, including 7,029 franchise stores, with a total operating area of 887,503 square meters [1] - In the first nine months of 2025, the company added 832 new stores, continuing its strategy of expanding its presence in South China while penetrating weaker regions through self-built, acquisition, and direct franchise models [1] Group 2: ESG Practices - Dazhonglin has achieved quantifiable results in its ESG initiatives, including energy management, the use of new energy delivery vehicles, and the implementation of paperless operations, resulting in approximately 154.33 million kWh of solar power generated in 2024 and saving around 25.24 million cardboard boxes [2] - The company has engaged in community service through public donations and health management services, conducting over 40,000 health education activities and providing health monitoring services to over 1 million residents, positioning itself as a "community health service station" [2] - Dazhonglin emphasizes strong corporate governance as a foundation for sustainable development, maintaining a transparent governance structure and robust risk management, which supports its compliance and ethical business practices [2] Group 3: Future Outlook - The company's ESG practices reflect a shift from compliance management to value-driven operations, enhancing its long-term competitiveness and providing a reference for sustainable development in the industry [2] - With the growing demand for chronic disease management in an aging society, Dazhonglin's integrated approach of "medicine + pharmacy + insurance" is expected to further unlock synergies between ESG and commercial value [2]

Group 1 - The core viewpoint of the article highlights that Qifu Technology has been awarded the "Social Responsibility Award" for its solid practices in social responsibility and sustainable development, reflecting the capital market's recognition of its commitment to "technology for good" [1][10] - Qifu Technology systematically applies its core financial technology capabilities to address social issues such as inclusive finance, consumer protection, and rural revitalization, thereby building strong commercial competitiveness [3][4] - The company has established partnerships with 167 financial institutions, providing stable and efficient digital credit support to over 62 million credit users, significantly aiding small and micro enterprises [4][5] Group 2 - In 2024, Qifu Technology assisted financial institutions in providing loans of 100.37 billion yuan to small and micro enterprises, accounting for 31.2% of the company's overall business scale [4] - The company also supported the rural revitalization strategy by facilitating 12.44 billion yuan in loans to the agricultural sector, benefiting 3.98 million farmers [4] - Qifu Technology integrates green concepts into its daily operations, optimizing technology to reduce energy consumption and actively participating in various public welfare projects [8][7] Group 3 - The company has established a comprehensive responsibility system, enhancing its ESG governance structure and focusing on user protection, green operations, and community building [6][7] - Qifu Technology's commitment to social responsibility is seen as a strategic investment that enhances corporate resilience, shapes brand reputation, attracts talent, and ultimately drives long-term value growth [8][10] - The recognition from the "Golden Award" signifies that companies capable of aligning their growth with social progress are more likely to gain long-term capital favor in the current business environment [10]

一场围绕绿色金融与可持续投资的深度对话，即将在2025青岛财富论坛上拉开帷幕。 立足国家战略，回应时代关切 12月26日，以"财富管理助力中国式现代化青岛实践"为主题的2025青岛财富论坛将在青岛金家岭金融区 举办。作为平行分论坛之一，2025绿色金融发展青岛大会暨创投风投ESG联盟年会也将同步举行。 本次会议将继续发挥其独特的平台聚合功能，汇聚政府部门、行业协会、股权投资机构、创新企业以及 学术智库等多方力量，共同探讨绿色金融发展新理念、新趋势、新路径，促进绿色项目与金融资本的精 准对接，推动绿色技术转化与产业落地，最终服务于新质生产力的培育与实体经济高质量发展。 作为此次会议的举办地，金家岭金融区作为全国唯一以财富管理为主题的金融综合改革试验区，近年来 在科技金融、绿色金融、养老金融等"五篇大文章"上深耕细作，已成为青岛金融开放创新的"策源地"与 产业资本集聚的"强枢纽"。 因此，本次大会的举办，不仅是青岛展示其绿色金融发展成果与抱负的窗口，更将成为联动各方力量、 共筑绿色金融生态体系的一次务实行动。 党的二十届四中全会指出，要落实促进绿色低碳发展的财税、金融、投资、价格、科技、环保政策，为 金融服务绿色 ...

Core Viewpoint - The article emphasizes the importance of green trade as a key driver for economic growth and highlights China's transition from being a "receiver" of global rules to a "shaper" of them, particularly in the context of green trade and climate governance [1][10][11]. Group 1: Green Trade Development - The recent Central Economic Work Conference in China underscored the need to "actively develop green trade," aligning with the Ministry of Commerce's implementation opinions on expanding green trade [1][10]. - Experts view the implementation opinions as a significant step for China to engage more proactively in global green trade rules and governance, enhancing the design, production, and market expansion of green products [1][11]. Group 2: Global Challenges and Responses - The global green trade landscape is currently undergoing a "rule reshaping" and "pattern reconstruction" phase, facing challenges such as "rule fragmentation" and "green protectionism" [4][15]. - The EU's Carbon Border Adjustment Mechanism (CBAM) is set to expand its coverage to 180 products, including various steel and aluminum-intensive downstream products, starting from January 1, 2026 [4][15]. Group 3: China's Position in Green Trade - By 2024, China is projected to become the world's largest green trade economy, with its import and export scale accounting for 16.1% of the global total [5][17]. - The implementation opinions propose a dual strategy of internal enhancement and external rule-breaking to address challenges, including the establishment of a carbon footprint database to improve data credibility [5][17]. Group 4: Future Outlook - By 2030, China is expected to evolve into a "solution provider" rather than just a "product exporter," and become a key co-creator of global green trade rules [8][21]. - China's green trade policies are anticipated to have a profound impact globally, aiding in the low-carbon transition and influencing the establishment of green standards and rules [8][21]. Group 5: Market Trends and Corporate Strategies - The global business environment is shifting towards sustainability, with 86% of global manufacturing buyers considering green capabilities as a core competitive advantage [6][18]. - Chinese companies are integrating sustainability into their strategies, with brands like "Moli Naibai" emphasizing the importance of aligning with local environmental standards and sustainable practices [6][18][19]. Group 6: Common Misconceptions and Recommendations - Common misconceptions among Chinese enterprises include treating ESG as a marketing topic rather than a core operational capability [7][19]. - Recommendations for Chinese companies include establishing verifiable data systems, focusing on practical scenarios rather than visions, and building long-term content assets [7][19][20].

Core Viewpoint - Lianyi Rong Technology Group has been awarded the "Annual ESG Pioneer Award" for its outstanding performance in environmental, social, and governance (ESG) practices, recognizing its commitment to sustainable development and digital technology integration in supply chain finance [1][3]. Group 1: ESG Integration and Sustainable Finance - Lianyi Rong's ESG strategy is deeply embedded in its core operations, utilizing digital technology to reshape financing relationships among core enterprises, financial institutions, and small and micro enterprises, thereby driving sustainable supply chain finance [4]. - In the environmental aspect, the company has reduced carbon emissions by approximately 21,000 tons of CO2 equivalent in 2024 through the digitization and paperless processes in supply chain finance, with 14,000 tons from reduced transportation emissions and 7,000 tons from paper savings [4]. - The sustainable supply chain asset scale served by Lianyi Rong exceeded 29 billion yuan in the first half of 2025, marking a 97% year-on-year growth, covering sectors such as renewable energy, rural revitalization, and environmental protection [4]. Group 2: Social Responsibility and Governance - Lianyi Rong supports small and micro enterprises in obtaining financing at reasonable costs, with an average financing cost of 2.86% for those using the "Xunyi Chain" SaaS platform, over 30% lower than traditional channels, serving more than 380,000 small and micro enterprises by mid-2025 [6]. - As a publicly listed company, Lianyi Rong continuously improves its board structure, audit, and risk control systems, promoting transparency and sustainability in its operations [6]. Group 3: Technological Advancements - Lianyi Rong is advancing towards the next generation of supply chain financial infrastructure through the integration of AI and blockchain technologies, with significant developments in AI technology expected in 2025 [7]. - The company has developed its proprietary vertical model LDP-GPT, which integrates with major domestic language models and enhances operational efficiency through automation in over 10 key scenarios, improving service quality and customer experience [7][8]. - Lianyi Rong's blockchain initiatives have reached a milestone with the successful bid for a Web3.0 supply chain finance platform project for a major state-owned enterprise, showcasing its innovative capabilities in trade finance [9]. Group 4: Future Growth and Digital Asset Solutions - The company is exploring digital asset solutions based on compliant stablecoin frameworks and multi-chain support technologies, establishing a comprehensive service system across Greater China, Southeast Asia, Europe, and North America [10]. - Lianyi Rong's approach demonstrates that when digital technology is systematically integrated into core business operations, sustainable development becomes a vital source of resilience and long-term competitiveness [11][12].

Group 1: Fund Market Overview - Financial and real estate themed funds performed well, while TMT themed funds saw a net value decline [5] - A total of 40 new funds were established in the domestic market, with a combined issuance of 18.321 billion units [5] - Stock ETFs experienced significant inflows, particularly in large-cap broad-based ETFs, Hong Kong stock ETFs, and TMT themed ETFs [5] Group 2: Real Estate Market Insights - From January to November 2025, the transaction area of residential land in 100 cities decreased by 15.1% year-on-year, totaling 221 million square meters [5] - The average transaction floor price increased by 9.4% year-on-year to 6,295 yuan per square meter, with first-tier cities seeing a 29.5% increase [5] Group 3: Steel Industry Analysis - The price gap between hot-rolled and rebar steel is at its lowest level in six years [6] - High furnace capacity utilization rates have been below last year's levels for three consecutive weeks [6] - The price of tungsten concentrate reached a new high since 2012, while the capacity utilization rate for electrolytic aluminum hit a historical high [6] Group 4: Oil and Gas Sector Performance - China National Offshore Oil Corporation (CNOOC) received an "AA" rating in ESG, ranking 10th among 527 companies in the petrochemical sector [7] - The company has improved its board independence and risk management, actively addressing climate change and implementing carbon reduction measures [7] Group 5: Public Utilities Sector Update - In November, electricity generation increased by 2.7% year-on-year, with marginal improvements in the growth rates of nuclear, photovoltaic, and wind power [8] - The SW public utilities sector index fell by 0.59%, ranking 25th among 31 SW primary sectors [8] Group 6: Pharmaceutical and AI Integration - Ant Group rebranded its AI health application to "Ant Ai Fu," which saw a surge in downloads shortly after launch [8] - The product iteration transforms low-frequency medical visits into high-frequency health management, creating a digital closed loop from consultation to insurance claims [8] Group 7: Automotive Industry Developments - Botai Carlink, established in 2009, went public in September 2025, ranking third in China's passenger car intelligent cockpit domain control suppliers with a market share of 7.3% [8] - In the first five months of 2025, the company ranked second in the new energy passenger car cockpit domain control market with a market share of 13.11% [8]

Market Performance Overview - In the week of December 15-19, 2025, gold prices increased while domestic equity market indices experienced fluctuations, with the ChiNext index showing a significant decline [4] - The retail trade, non-bank financial, and beauty care sectors saw the highest gains, while the electronics, power equipment, and machinery sectors faced the largest declines [4] Fund Product Issuance - A total of 40 new funds were established in the domestic market this week, with a combined issuance of 18.321 billion units. This includes 8 bond funds, 14 equity funds, 11 mixed funds, 3 FOF funds, and 4 money market funds [5] Fund Product Performance Tracking - The financial and real estate theme funds outperformed this week, while TMT theme funds experienced a net value decline. As of December 19, 2025, the net value changes for various theme funds were as follows: financial and real estate (2.17%), national defense and military industry (1.75%), cyclical (1.68%), consumption (0.92%), industry rotation (-0.32%), industry balance (-0.65%), new energy (-1.66%), pharmaceuticals (-1.85%), and TMT (-2.02%) [6] ETF Market Tracking - This week, there was a significant inflow of funds into equity ETFs, with a net inflow of 55.232 billion yuan. The median return for equity ETFs was -0.33%, while the median return for Hong Kong stock ETFs was -2.06% with a net inflow of 12.373 billion yuan [7][8] ESG Financial Products Tracking - 31 new green bonds were issued this week, with a total issuance scale of 18.530 billion yuan. The cumulative issuance scale of the domestic green bond market reached 5.15 trillion yuan, with a total of 4,427 bonds issued [9] - As of December 19, 2025, there were 211 ESG funds in the domestic market, with a total scale of 149.677 billion yuan. The median net value changes for various ESG fund types were: active equity (-1.35%), passive equity index (-0.54%), and bond ESG funds (0.06%) [9]