来源：上海证券报·中国证券网 上证报中国证券网讯（记者 费天元）8月15日，中国证监会发布通知，同意上海期货交易所胶版印刷纸 期货及期权，燃料油、石油沥青和纸浆期权注册。这标志着上期所即将上市全球首个文化用纸金融衍生 品，同时加速实现成熟期货品种期权覆盖。证监会要求上期所做好各项准备工作，保障相关品种平稳推 出和稳健运行。 造纸产业还具有较强的循环经济特征。目前我国造纸产业已经基本形成完整的原料可再生、产品可循 环、废弃可回收的生产、流通和消费体系。记者了解到，胶版印刷纸期货和期权上市后，将通过交割品 级选择设置、交割认证品牌准入等合约制度安排，引导行业全面贯彻绿色循环发展理念。例如，将在交 割认证品牌遴选时优先考虑具备相关绿色认证资质的企业，引导生产企业推行环保工艺，以市场化手段 推动造纸产业绿色低碳转型，为实现"双碳"目标和绿色发展贡献力量。 刘文龙表示，自2020年以来，中国造纸协会与上期所就胶版印刷纸期货、期权合约及规则开展了大量的 调研和论证，并在推动造纸行业绿色低碳转型、促进高质量发展方面进行了深入的研究。希望该品种上 市后能够通过市场化的手段，有效推动产业实现绿色低碳转型。 上期所燃料油、石油沥 ...

Core Viewpoint - The approval of futures and options for coated printing paper, fuel oil, asphalt, and pulp by the China Securities Regulatory Commission (CSRC) marks a significant step in enriching the product matrix of the Shanghai Futures Exchange (SHFE) and introduces the world's first financial derivatives for cultural paper [1][2]. Group 1: Market Context - The paper industry is a crucial basic raw material sector closely linked to national economic development and people's lives, with coated printing paper being a typical representative used in books, magazines, and notebooks [7]. - China is the largest producer and consumer of coated printing paper globally, with a production volume of 9.48 million tons and apparent consumption of 8.71 million tons projected for 2024 [7]. - The domestic paper industry faces significant revenue growth pressures due to complex market conditions, leading to a high demand for risk management tools [7]. Group 2: Product Launch Implications - The introduction of coated printing paper futures and options fills a gap in the domestic financial derivatives market for cultural paper, providing tools for enterprises to manage price volatility and enhance risk management capabilities [7][10]. - The new products will create a complete risk management chain in collaboration with existing pulp futures, allowing for comprehensive risk management from raw materials to finished products [7][10]. Group 3: Environmental and Economic Impact - The paper industry is characterized by strong circular economy features, with a complete system for raw material recycling and product reuse already established in China [8]. - The launch of these financial instruments is expected to promote green and low-carbon transformation in the paper industry, aligning with national strategies for sustainable development [8][10]. - The futures and options will guide the industry towards environmentally friendly practices by prioritizing companies with green certifications during the delivery process [8]. Group 4: Industry Expert Insights - Industry experts highlight that the new futures and options will enhance the risk resilience of the paper industry, which has been facing price and sales pressures since 2022 [11]. - The introduction of these financial tools allows for more precise hedging strategies, enabling companies to manage profits effectively across the entire supply chain [11].

Core Viewpoint - The article highlights the innovative waste management practices of Chongqing Conch Cement Co., which transforms waste into valuable resources, showcasing a model for green and sustainable urban development in Chongqing [1][10]. Group 1: Waste Management Practices - Chongqing Conch Cement has established a waste disposal system with a daily capacity of 200 tons for municipal waste and 60 tons for kitchen waste, achieving 100% disposal of kitchen waste in the region [5]. - The company employs a unique method of waste treatment that combines biological degradation and high-temperature incineration, allowing for the conversion of waste into oil and organic fertilizer within two hours [7]. - The resource recovery rates are impressive, with 0.63% of waste iron, 6.46% of waste slag for cement production, 6% of oil for industrial use, and a 23% yield of organic fertilizer, leading to an overall resource utilization rate exceeding 95% [7][10]. Group 2: Environmental Impact - The waste management project has significantly reduced landfill usage by over 1,000 acres and eliminated the risks associated with leachate pollution of soil and groundwater [7]. - The project has achieved a 100% harmless treatment rate for waste and aims for zero landfill by the end of the year, contributing to the ecological protection of the Yangtze River Economic Belt [7]. - The operations have resulted in a carbon reduction of 11.5 million tons and a saving of 4.2 million tons of standard coal, reflecting the company's commitment to environmental sustainability [10].

造纸工业是与国民经济发展和人民生活息息相关的重要基础原材料产业，从应用领域来看，纸可以分为 文化用纸、包装用纸、生活用纸、特种纸等。胶版印刷纸是文化、印刷用纸的典型代表纸种，主要以漂 白木浆为原料制成，广泛应用于图书、杂志、笔记本等领域，同时具有市场体量大、标准化程度高、价 格波动大等特点。 新华财经北京8月15日电中国证监会近日同意上海期货交易所（下称上期所）胶版印刷纸期货及期权， 燃料油、石油沥青和纸浆期权注册，标志着上期所即将上市全球首个文化用纸金融衍生品，同时加速实 现成熟期货品种期权覆盖，上期所产品体系进一步丰富。证监会要求上期所做好各项准备工作，保障相 关品种平稳推出和稳健运行。 下一步，上期所将在中国证监会的统一部署下，落实"四早"风险防范化解要求，强化全过程监管，持续 加强与国家相关部委、行业协会沟通联动，维护市场平稳运行，促进功能有效发挥。 （文章来源：新华财经） 我国是全球最大的胶版印刷纸生产国和消费国。2024年我国胶版印刷纸产量948万吨，表观消费量871万 吨。近年来，国内外市场环境复杂多变，我国造纸工业面临着较大营收增长压力，产业避险需求较高。 推出胶版印刷纸期货和期权，将填补国内 ...

Core Viewpoint - The Southern Power Grid has played a crucial role in promoting green and low-carbon development over the past 20 years, aligning with the "Green Mountains and Clear Water are Gold and Silver Mountains" philosophy, and is committed to supporting the "dual carbon" goals and ecological civilization construction [1][9]. Group 1: Green Development Initiatives - The company has significantly increased the proportion of non-fossil energy in its installed capacity from approximately 40% to over 66%, leading the world in large-scale grid systems [3]. - The installed capacity of new energy has surpassed 240 million kilowatts, making it the primary source of new installations [3]. - The annual electricity transmission from the "West-to-East Power Transmission" project has increased from 53.5 billion kilowatt-hours to 238.4 billion kilowatt-hours, with an expected 80% of the cumulative transmission being clean energy by July 2025 [3]. Group 2: Technological Advancements - The Southern Power Grid has integrated digital technologies such as cloud computing and artificial intelligence to enhance the efficiency of clean energy utilization [4]. - The company has developed the "Big Watt·Yudian" model, which can simulate over 8,760 operational modes in one hour, earning international recognition [4]. - New power system demonstration zones have been established, showcasing significant improvements in the capacity for renewable energy integration [4]. Group 3: Economic and Social Impact - The total electricity consumption in Guangdong, Guangxi, Yunnan, Guizhou, and Hainan is projected to reach 1.7 trillion kilowatt-hours by 2024, reflecting a growth of over 30% since 2020 [7]. - The carbon intensity of electricity consumption has decreased by 44.7%, from 210 grams of standard coal per kilowatt-hour in 2010 to 116.15 grams in 2024 [7]. - The company has initiated various projects to promote electric energy substitution, significantly reducing carbon emissions in sectors like transportation and industry [8]. Group 4: Biodiversity and Ecological Protection - The Southern Power Grid has implemented initiatives to protect biodiversity, such as the "Grid Protects Elephants" program in Yunnan and various conservation activities in coastal regions [3]. - The company emphasizes the integration of biodiversity protection into all aspects of grid construction and operation [3]. Group 5: Future Directions - The Southern Power Grid aims to further embrace the trends of energy transition and power development, focusing on becoming a key player in sustainable development and achieving harmony between humanity and nature [9].

Group 1 - The domestic renewable energy installation has maintained rapid growth in the first half of the year, with new installed capacity for wind and solar power doubling compared to the same period last year [1] - Companies like China Shipbuilding Technology and Jiaze New Energy have announced significant investments in wind power projects, with China Shipbuilding planning to invest approximately 5.712 billion yuan in a 1.3 million kW wind power project in Xinjiang [1] - Wind power is expected to have a greater potential for profit compared to solar power in most provinces, as wind energy can better align with peak electricity demand times [1] Group 2 - The ongoing market-oriented reform of electricity pricing and the increasing demand for stable and flexible energy supply are enhancing the advantages of wind power [2] - The recognition of wind power in overseas markets is increasing, and the declining costs of wind energy in China are improving the competitiveness of domestic wind power companies internationally [2] - The promotion of green electricity direct connection and the integration of energy storage solutions are expected to become important strategies for enhancing self-consumption ratios in renewable energy projects [2]

Core Viewpoint - The article highlights the growing collaboration between China and Europe in the green energy sector, showcasing various projects and initiatives that aim to enhance sustainable development and reduce carbon emissions [1][3][6]. Group 1: Project Developments - In Northern Greece, four wind farms led by Chinese enterprises have been established, generating enough electricity to power over 30,000 households and reducing carbon emissions equivalent to planting 360,000 trees [1]. - A solar power plant in Portugal sources approximately 85% of its solar panels from China, which have received top local quality certifications [3]. - The signing of a memorandum for green technology cooperation between China and Europe aims to invest €15 billion in six key areas, including hydrogen energy and carbon capture, over the next three years [3]. Group 2: Industry Collaboration - Over the past two decades, the relationship between China and Europe in the green industry has evolved from a simple buyer-seller dynamic to a more integrated system of co-construction [4]. - Companies like BYD are establishing manufacturing and R&D centers in Hungary, indicating a restructuring and upgrading of the entire new energy supply chain in the region [4]. - Envision Group is participating in the construction of a zero-carbon hydrogen industrial park in Spain, with applications across various sectors including industry, maritime, and aviation [4]. Group 3: Societal Impact - The influx of small wind turbines and energy storage products from China into Europe has addressed rising energy costs for households, countering narratives of "overcapacity" and "unfair competition" [6]. - Chinese companies such as CATL, BYD, and NIO have created approximately 30,000 jobs in Hungary, fostering local training centers and partnerships with universities, thereby enhancing the perception of Chinese enterprises as "co-builders" [7]. - The recent China-EU leaders' meeting emphasized the importance of climate cooperation and the shared goal of achieving a green transition, reinforcing the collaborative framework for sustainable development [7].

有关省级领导同志出席。省直及中央驻豫有关单位、省管有关企业主要负责同志等参加。（记者 刘婵 张笑闻） 刘宁强调，要抓实重点任务，正确处理高质量发展和高水平保护、重点攻坚和协同治理、自然恢复和人工修复、外部约束和内生动力、"双碳"承诺和自主行 动的关系，推动生态环境质量持续全面向好。要聚焦重大战略，加快建设幸福河湖，推进南水北调后续工程高质量发展，着力抓好淮河等重点流域生态保护 治理。要突出问题导向，坚持精准治污、科学治污、依法治污，打好蓝天、碧水、净土保卫战，多措并举治理固体废物和新污染物。要优化发展方式，加快 推进产业结构升级、能源结构优化、交通运输结构调整、生活方式绿色化，促进经济社会绿色低碳转型。要注重系统治理，优化生态空间格局，实施生态修 复重大工程，提升生态系统多样性稳定性持续性，筑牢生态安全屏障。要坚持生态为民，加快建设美丽城市、美丽乡村，完善环保基础设施，持续改善城乡 人居环境。要深化改革创新，强化法治保障、科技支撑、监测能力、应急管理，加快构建现代环境治理体系。 刘宁要求，要把加强党的全面领导贯穿生态环境保护工作全过程，落实"党政同责、一岗双责"，加强统筹协调，创新工作举措，严格监管执法，强化 ...

Core Viewpoint - The company Yinglite (000635) has successfully completed a private placement of shares, raising a total of 684 million yuan to address its financial difficulties and enhance its integrated industrial chain [2][3][10]. Group 1: Fundraising Details - Yinglite issued 91.046 million shares at a price of 7.51 yuan per share, raising a total of 684 million yuan, with a net amount of 679 million yuan after deducting issuance costs [2][4]. - The private placement involved 15 investors, including the controlling shareholder Yinglite Group and other institutional investors [2][4][10]. Group 2: Financial Context - The company has faced three consecutive years of losses, with rising asset-liability ratios, prompting the need for capital operations and integration of its main business [3][11]. - Financial data shows that Yinglite's net profits for 2022, 2023, and 2024 are projected to be -389 million yuan, -668 million yuan, and -503 million yuan, respectively [11][13]. - The company's asset-liability ratio increased from 16.92% in 2022 to 57.23% in 2024, indicating a significant financial strain [13][14]. Group 3: Use of Proceeds - The raised funds will primarily be used for a 300,000-ton acetylene technical transformation project, a distributed photovoltaic project, and a zero-discharge wastewater technical transformation project, along with supplementing working capital [7][15]. - The acetylene technical transformation project is expected to generate an annual sales revenue of 960 million yuan and an annual profit of 57.87 million yuan once operational [15]. Group 4: Market and Operational Challenges - The company has been significantly impacted by fluctuations in PVC prices, which saw a drastic decline in sales revenue and profitability in 2022 [11][13]. - Yinglite's operational cash flow turned negative in 2022, highlighting the urgent need for financial restructuring [14]. - The company aims to enhance its production efficiency and reduce costs through the technical upgrades planned with the raised funds [10][15]. Group 5: Strategic Outlook - The controlling shareholder's participation in the fundraising reflects confidence in the company's future development and the support from the state-owned enterprise [10][16]. - The company is exploring further capital operations to improve its financial health and operational efficiency, indicating a proactive approach to its challenges [17].

0:00 2005年8月，时任浙江省委书记的习近平同志来到浙江安吉余村，首次提出了"绿水青山就是金山银山"的科学论断。20年来，"两山"理念重塑美丽中国，神 州大地焕发新绿。《焦点访谈》从今天开始播出系列节目"绿水青山就是金山银山"。今天我们就来到"两山"理念发源地——余村，感受那里的绿色蝶变。 在"两山"理念指引下，余村努力修复生态，发展生态旅游，从卖石头到卖风景，探索出一条环境保护与经济发展相协调的新路。 观光车驾驶员姜志华是余村本地的村民，游览线路上的每个细节，他都如数家珍。四季如画的乡村美景，在20多年前还是另外一番模样。 1984年，高中毕业的姜志华进入当地水泥厂成为一名化验员。水泥厂的原材料，就取自余村当地的矿山。炸山开矿，将矿石加工成水泥，销往上海等大城 市，在20世纪八九十年代，这种靠山吃山的发展模式是余村人收入的主要来源。余村也一度成为安吉有名的"富裕村"。 余村的矿山带来了一些经济收益，付出的却是环境乃至生命的代价。空气中尘土飞扬、河里污水横流，矿上爆破事故频出。 浙江生态文明干部学院副院长 杨振华：这样的模式当时已经触及了生态承载负荷，使得我们不得不在这种模式下进行根本性转型，可以说是从 ...