Core Insights - Zimmer Biomet Holdings (NYSE: ZBH) has experienced a challenging stock performance over the past month, recording single-digit losses, similar to the losses observed in 2025 [1] Company Performance - The stock has faced single-digit losses recently, indicating a tough market environment for the company [1] Analyst Background - Gamu Dave Innocent Pasi, a financial professional with extensive experience in investment research, has a strong background in analyzing financial statements and capital markets [1] - He is recognized for providing actionable trading ideas and well-researched investment recommendations, contributing to reputable publications [1] - Pasi holds a Postgraduate Executive Certificate in Investments and Portfolio Management and a Bachelor of Business Studies Honors degree in Banking and Finance [1] Investment Philosophy - Pasi is passionate about innovative solutions that promote financial inclusion, sustainability, and measurable social impact [1] - He advocates for Responsible Investment and actively incorporates Environmental, Social, and Governance (ESG) principles in investment decision-making [1]

10月10日，ISO/TC 322国际标准化组织可持续金融技术委员会2025年全体会议在广州越秀国际会议中心举行。ISO各国代 表、国内专家学者、领军企业精英及标准化机构成员汇聚一堂，围绕"携手国际标准化，共创数智化绿色低碳新纪元"这一主 题，开启深度对话。 圆桌论坛环节，来自国际标准化组织、国内专家、领军企业代表齐聚一堂，聚焦绿色金融标准建设、金融机构转型发展与创 新产品实践等议题，为金融机构核心发展方向提供前瞻性新思路。 会上，中国标准化研究院发布了《环境、社会及治理（ESG）标准化蓝皮书（2024）》（国际版），立足全球ESG发展治理 变革趋势，系统阐释ESG理念的理论内核与演进逻辑，以战略眼光提出中国ESG标准化的顶层架构设计，为我国企业践行 ESG理论与实践创新提供重要参考。 本次全会通过打造高规格、高水平国际标准化盛会和高端交流平台，为广州"12218"现代化产业体系注入绿色动能，助力广州 加快迈向经济更强、产业更优、能级更高的中心型世界城市迈进。接下来，广州将持续加强国际交流与合作，以牵头编制碳 市场ISO国际标准为契机，推动广州方案写入国际标准，贡献中国智慧和中国力量，为实现可持续发展和"双碳 ...

Core Insights - The Japanese Mizuho Financial Group is actively entering the Chinese market despite a competitive environment, driven by the growth in securities business demand due to changes in market size, population structure, and economic structure [3][4] - Mizuho Securities (China) Co., Ltd. has been approved as the first wholly foreign-owned securities firm in China this year, reflecting the gradual easing of foreign ownership restrictions in the Chinese securities industry [3][4] - The chairman of Mizuho emphasizes the importance of fair competition and mutual benefits in the context of the escalating US-China tariff war [3] Company Strategy - Mizuho aims to leverage its extensive network across China, Asia-Pacific, Europe, and the US to support cross-border investment and mergers and acquisitions, focusing on sectors like manufacturing, technology innovation, healthcare, and green energy [4][6] - The firm plans to assist clients in restructuring their regional supply chains by conducting detailed analyses of local economies and regulations [6] Market Context - China is recognized as the second-largest market after the US, with over 30,000 Japanese companies investing and developing in the country [4] - The Chinese capital market ranks third globally in terms of capital pool size, following the US and Europe, with a robust bond market showing strong growth [4] Financial Performance - In the first half of this year, among 150 securities firms in China, 16 had foreign-controlled stakes, with 11 being foreign-controlled and 5 being wholly foreign-owned [6] - Foreign securities firms reported total assets of 53.28 billion yuan and net assets of 29.63 billion yuan, reflecting year-on-year increases of 10% and 6.96%, respectively [6] - The total operating income for foreign securities firms reached 4.36 billion yuan, with net profits of 710 million yuan, marking year-on-year increases of 19.88% and 580% [6]

2025.10. 12 本文字数：1338，阅读时长大约2分钟 作者 | 第一财经 缪琦 他提出，特别是在关税不明朗的情况下，有些国际竞争力强的产品即使投入了高成本，也有可自我消化的能力和空 间。这类高质量、高技术含量的产品，需要在技术研发上持续投入，也需要对供应链进行及时调整。而基于不同区域 市场对消费品的理解和要求不同，企业还需要根据各国的不同情况加大在当地的研发和产能投入。 在为客户提供全球产业链布局的建议与服务上，瑞穗集团会对各地经济和法律法规进行详细的分析和调研，从而协助 企业客户重构区域供应链体系。 在将于10月12日召开的IBLAC上，今井诚司将为金融如何支持社会老龄化和少子化等问题的解决提出建议和思路，从 而为上海市的发展带来参考和启发。此外，在绿色金融和ESG领域，瑞穗希望通过支持绿色债券发行、相关项目融 资、ESG评级等方式，助力企业实现可持续发展和提升国际竞争力。 根据中证协的官方数据，今年上半年，中国证券行业150家券商中共有16家外资参控股券商，其中11家实现外资控 股、5家为外资独资。外资券商总资产合计532.8亿元，净资产合计296.3亿元，同比分别增加10%、6.96%。实现营 ...

Group 1 - The core viewpoint of the article is that Kaichuang International (600097.SH) has received a B rating in the latest ESG assessment by Huazheng Index, improving its ranking from 49th to 44th among 156 A-share listed companies in the food industry [1][3] Group 2 - In the detailed scoring, Kaichuang International received an E score of 66.42, rated as CCC, ranking 46th in the industry [3] - The S score is 75.15, rated as BB, with an industry ranking of 105th [3] - The G score is 83.33, rated as BBB, ranking 38th in the industry [3] Group 3 - Huazheng Index is a professional company engaged in index and index investment services, authorized to compile indices for the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Hong Kong Stock Exchange [3] - The Securities Star has established an ESG Ecological Alliance to facilitate communication and collaboration among listed companies, investment institutions, and ESG research and rating agencies [3]

Group 1 - S&P Global's latest Corporate Sustainability Assessment (CSA) shows that the company scored 42 points, surpassing the industry average in the information technology sector [1] - The CSA scoring system is recognized in the international capital market and covers 62 industries with 23 core themes, quantifying corporate sustainability through a customized questionnaire [1] - The company's ESG scores are as follows: Environmental 36, Social 43, Governance and Economic 46, with the Social dimension significantly outperforming the industry average of 36 [1] Group 2 - The company is transitioning ESG from a "compliance requirement" to a "strategic core" by integrating it into strategic management starting in 2025 [2] - An ESG working group led by top management has been established to oversee the construction of the ESG management system [2] - The company has received various ratings from major institutions, including AA from Huazheng and AA- from United Equator, indicating strong ESG performance [2]

Core Viewpoint - The Hong Kong Special Administrative Region (SAR) government has launched a dedicated team to assist mainland enterprises in expanding overseas, addressing various aspects such as legal, tax, and supply chain considerations, thereby enhancing Hong Kong's role as a premier platform for international business [1][2]. Group 1: Overview of the Outbound Initiative - The Hong Kong SAR government officially initiated the "Mainland Enterprises Outbound Task Force" on October 6, with over 100 participants from various sectors including law, finance, and professional associations [1]. - The task force consolidates Hong Kong's external offices, creating a one-stop platform to provide diverse solutions for enterprises looking to expand internationally [2]. Group 2: Investment Trends and Data - From January to May this year, mainland China's non-financial direct investment abroad reached $61.6 billion, a year-on-year increase of 2.3%, with investments in Belt and Road Initiative countries growing by 20.8% to $15.52 billion [2]. - A survey indicated that 85% of mainland enterprises plan to expand into overseas markets, with 28% targeting the Middle East and 27% focusing on South Asia [2]. Group 3: Unique Features of the Task Force - Unlike traditional service providers, the outbound task force actively seeks clients rather than waiting for them to approach, leveraging past experiences in investment promotion [3]. - The task force also aims to enhance the legal environment and business conditions in overseas countries, facilitating partnerships and investments [3]. Group 4: Training and Development - The Hong Kong SAR government has established the Hong Kong International Legal Talent Training Institute to provide high-level training and knowledge sharing for legal professionals, particularly in Belt and Road countries [3].

Core Insights - The 2025 Fortune Sustainable Development Summit was successfully held in Fuzhou, focusing on the theme "Intelligent Era, Intelligent Coexistence" and gathering nearly 200 global business leaders, policymakers, and academic experts to explore sustainable development paths empowered by technology [1] Group 1: Key Themes and Discussions - The summit featured 40 speakers from various sectors including AI, internet, manufacturing, new energy, finance, and health, discussing how smart technologies can accelerate growth while avoiding excessive environmental consumption [1] - Key topics included the social responsibilities of multinational companies in a fragmented geopolitical landscape and the protection of human creativity and development rights in an algorithm-driven era [1] Group 2: ESG Practices and Globalization - Companies are encouraged to ensure that suppliers meeting ESG standards will gain more orders and global opportunities, highlighting the competitive edge of Chinese suppliers in quality, cost, and delivery [6] - The urgency for green and low-carbon transformation in the chemical industry is emphasized, aligning with national dual carbon goals and the increasing demand for green materials from international brand clients [6] Group 3: Sustainable Consumption and Corporate Responsibility - The importance of circular economy practices is highlighted, where manufacturers must innovate in product design and lifecycle management, while consumers are also encouraged to participate in sustainable practices [30] - The wine industry is recognized as a participant in environmental practices, emphasizing the necessity of establishing a good ecological environment as a fundamental requirement [33] Group 4: Financial Instruments and ESG Integration - Green financial products like green bonds are seen as a driving force for companies to integrate international ESG concepts into their development, effectively addressing regulatory challenges and attracting international capital [41] - Companies are advised to balance production activities with ecological diversity protection, ensuring that sustainable financial tools align with their sustainability goals [45] Group 5: Technological Innovations in ESG - The application of cutting-edge technologies such as AI and big data is crucial for enhancing ESG management, transitioning from compliance to data-driven value creation [62] - Companies are encouraged to leverage technology to improve operational efficiency and sustainability, with a focus on accurate and transparent data for ESG disclosures [68]

Group 1 - The Japanese Mizuho Financial Group is actively entering the Chinese market despite a competitive environment, driven by the growth in securities business demand due to changes in market size, population structure, and economic structure [1] - Mizuho Securities (China) Co., Ltd. has been approved as the first wholly foreign-owned securities firm in China this year, marking a significant step in the gradual easing of foreign ownership restrictions in the Chinese securities industry [1] - The chairman of Mizuho expressed concerns about the uncertainties brought by the escalating US-China tariff war, emphasizing the need for fair competition based on open market principles [1][2] Group 2 - China is viewed as the second-largest market after the US, with over 30,000 Japanese companies investing and developing in the country, and its capital market ranks third globally in terms of fund pool size [2] - Mizuho aims to leverage its extensive network across China, Asia-Pacific, and Europe and the US to support cross-border investment and mergers and acquisitions, focusing on sectors like manufacturing, technological innovation, healthcare, and green energy [2] - The current global economic landscape shows a fragmented industrial chain, with a trend towards self-production and sales, prompting clients to establish extensive supply chain networks for flexible strategy adjustments [2][3] Group 3 - In the context of unclear tariffs, products with strong international competitiveness can absorb high costs, necessitating ongoing investment in technology research and timely supply chain adjustments [3] - Mizuho plans to assist clients in restructuring regional supply chains by conducting detailed analyses of local economies and legal regulations [3] - At the upcoming IBLAC meeting, Mizuho will propose ideas on how finance can support solutions to aging and declining birth rates, as well as initiatives in green finance and ESG to enhance corporate sustainability and international competitiveness [3] Group 4 - According to official data, among 150 securities firms in China, 16 are foreign-controlled, with 11 being foreign majority-owned and 5 wholly foreign-owned, indicating a growing presence of foreign players in the market [4] - Foreign securities firms collectively reported total assets of 53.28 billion yuan and net assets of 29.63 billion yuan in the first half of the year, reflecting year-on-year increases of 10% and 6.96% respectively [4] - The total operating income of foreign securities firms reached 4.36 billion yuan, with net profits amounting to 710 million yuan, showing year-on-year growth of 19.88% and a 5.8-fold increase respectively [4]

作为国内绿色金融与ESG领域的先行者，兴业银行凭借卓越的可持续发展表现，明晟（MSCI）ESG评 级已提升至AAA级，是唯一一家连续六年获得境内银行业最高评级的银行。 未来，兴业银行厦门分行将继续围绕国家"双碳"战略和区域经济发展需求，不断创新绿色金融产品与服 务，携手更多企业共筑可持续发展未来，为绘就美丽中国的"厦门画卷"贡献金融力量。（季风） 编辑：穆皓 转自：新华财经 近日，兴业银行厦门分行与厦门象屿金象控股集团有限公司（以下简称"象屿金象"）合作，落地福建首 笔支持融资租赁的ESG挂钩贷款。此举标志着该行在创新绿色金融产品、深化产融结合、服务实体经济 可持续发展方面迈出重要一步。 本笔业务中，兴业银行厦门分行为象屿金象下属子公司象屿融租提供融资支持，用于支付储能项目租赁 物购买价款，并将贷款利率与企业的ESG（环境保护、社会责任及公司治理）三大维度绩效表现挂钩， 鼓励企业提升ESG表现，为社会经济绿色低碳转型注入新动力。这一创新模式体现了银租双方在产业链 中形成"ESG价值发现——银租生态共建"的良性循环，为更好助力"双碳"目标实现提供了可复制、可推 广的实践范例。 ...