绿色金融是"五篇大文章"之一，更是兴业银行的"看家本领"。未来，兴业银行武汉分行将持续深耕湖北 绿色金融市场，以更充足的金融供给、更优质的服务体验，推动节水增效、生态惠民，为湖北建设全国 构建新发展格局先行区、实现绿色低碳高质量发展注入持久动力。 转自：新华财经 编辑：姜楠 作为绿色金融领域的先行者，兴业银行武汉分行深耕荆楚大地，以创新精神赋能生态保护与区域发展， 在再生资源利用、污水处理、流域治理等多个绿色领域打造标杆案例。截至目前，该行绿色贷款余额已 突破360亿元，服务绿色企业近3000户，全面覆盖长江大保护、新能源、节能环保等关键领域，用金融 活水滋养绿水青山。 从单点突破到系统治理，分行的绿色金融服务已延伸至全域领域。宜昌黄柏河曾深陷污染困境，分行落 地湖北首笔生物多样性保护可持续发展挂钩贷款，5亿元资金专项用于流域治理，通过植被种植构筑生 态屏障，让河流重现芦苇摇曳、水鸟翩跹的美景。在武当山，4.3亿元资金精准支持文旅综合园区建设 与夜游景点改造，推动世界文化遗产从"观光游"向"深度体验游"转型，实现生态资源向经济价值的转 化。 跨界融合构建绿色生态圈，是分行的又一创新实践。分行与省、市气象服务中 ...

该产业园 作 为黄河三角洲绿色转型的标志性工程 ，是 东营市政府规划 的 重点园区， 也 是全国首 个 实现 100% 绿电直连 的 离网型零碳产业园 。 建成后 ，园区 将实现电池生产全链条绿电追踪 认证，并助力当地石油炼化企业 完成 绿电转型。在项目规划 初期 ，威海银行东营分行 便 成立专 项服务团队， 主动 对接，深入调研 ，全面了解 项目融资需求。 近日，威海银行向东营市某重点零碳产业园发放 1.82 亿元 " 低碳园区贷 " ，专项用于园区内绿色 智造基地基础设施建设，以金融活水赋能黄河流域绿色产业升级与生态保护协同共进。 下一步，威海银行将持续深化绿色金融战略布局， 立足 黄河流域生态保护 和高质量发展 战略，聚 焦低碳园区建设、绿色产业升级等重点领域，创新绿色金融产品与服务模式，为区域 经济 绿色低碳 转型 贡献更多金融力量。 威海银行的支持 资金 有力推动了园区 项目一期 40GWh 锂电池绿色智造基地管网配套建设，为项 目明年顺利投 产 提供了坚实保障。此次 " 低碳园区贷 " 的投放 ，不仅严格遵循绿色金融政策标 准，更聚焦 " 零碳园区 " 服务场景，结合项目绿电直连模式，将节能降碳成 ...

Core Viewpoint - The "Action Plan" released by China Pacific Insurance and Bank of Communications aims to strengthen Shanghai's position as an international shipping center and promote green shipping initiatives through a comprehensive financial service system [2][3][4]. Group 1: Financial Service Integration - The "Action Plan" focuses on optimizing and integrating financial service offerings, creating a comprehensive shipping financial service system that includes bank financing, leasing, shipping insurance, risk reduction, and legal services [3]. - It aims to enhance "one-stop" customer service capabilities while increasing financing support and underwriting capacity in key areas such as high-end ship research and development, autonomous replacement of key components, and the green and intelligent transformation of the shipping industry [3]. Group 2: Risk Reduction and Climate Change - The plan emphasizes building global risk reduction service capabilities, leveraging China Pacific Insurance's strengths in maritime risk reduction services and Bank of Communications' global service network to provide diverse risk reduction services [3]. - It also highlights the importance of addressing the impact of international climate change on the shipping industry and developing financial measures to respond to these challenges [3]. Group 3: Green Shipping and Digital Transformation - The "Action Plan" prioritizes enhancing financial services for the digital and green transformation of shipping, focusing on areas such as digital infrastructure, logistics, and green port financing [4]. - China Pacific Insurance aims to tackle key challenges in green shipping and strengthen green insurance through collaborative research and innovative exploration [4]. Group 4: International Influence and Strategic Alignment - The plan seeks to enhance the international influence of Shanghai's shipping center by engaging in dialogue through international platforms like the UK-China Green Finance Working Group and the International Union of Marine Insurance [4]. - Developing green shipping and strengthening shipping insurance are seen as vital steps in aligning with China's 14th Five-Year Plan for green development and responding to national contribution goals [4].

Core Insights - The "Qin-Ao Bond Market Innovation Development Forum" was held in the Hengqin Guangdong-Macao Deep Cooperation Zone, emphasizing the importance of the bond market for financial development in the region [1] - Hengqin has introduced special support measures for enterprises to issue bonds in Macau, resulting in the issuance of 500 million RMB offshore bonds by Hengqin enterprises [1] - The Macau bond market is characterized by a dual focus on connecting with the mainland and international markets, aiming to build a sustainable financial ecosystem [2] Group 1 - The bond market is a key focus for financial development in the Hengqin region, with significant progress made in building the Macau bond market [1] - Hengqin's unique advantage lies in its offshore and onshore integration, which will continue to support cross-border financial innovation [1] - The MOX has issued 1,044 bonds with a total scale of 10,443 million MOP, of which RMB-denominated bonds account for 44% [1] Group 2 - The Macau bond market is developing diversely, with a focus on sustainable financial practices [2] - The former Deputy Governor of the People's Bank of China highlighted the rapid development of China's bond market, which is expected to reach 192 trillion RMB by August 2025 [2] - Four key recommendations were made for enhancing the bond market, including product innovation and digital transformation [2] Group 3 - Cross-border credit recognition is essential for the collaborative development of the Qin-Ao bond market [3] - Hengqin serves as a strategic link between the mainland and Macau, facilitating efficient flow of resources [3] - The forum gathered nearly 200 participants from various sectors to discuss innovative paths for bond tools and promote the ecological development of the Qin-Ao bond market [3]

湖北宜昌是长江经济带重要节点城市，绿色是宜昌最鲜明的底色。近年来，中国邮政储蓄银行宜昌市分行主动作为，通过创新绿色金融产品，加大绿色信贷投放力度，支持宜昌经济高质量转型发 在当阳市，循环经济企业湖北金庄科技再生资源有限公司在环保升级的关键时期遭遇资金瓶颈。邮储银行宜昌市分行经过长期跟踪调研，创新推出"抵押贷+科技信用贷"组合方案，授信5000万元 在远安县，邮储银行紧扣当地矿产资源特色，精准支持栖凤新材料有限公司"大寨坡智慧矿山及生态修复建设项目"。该项目通过系统性生态修复和智能化开采，致力于打造环境友好、矿地和谐的 这套"科技资质+环保成效"双维度评估体系，已成为该行服务绿色企业的标准范式。截至2025年10月末，邮储银行宜昌市分行绿色贷款余额达16.44亿元，金融活水不仅助力企业绿色转型，更 在山区县五峰，中药材产业迎来新的发展机遇。邮储银行五峰支行积极对接农业农村部门，联动担保公司破解贷款流程堵点，绘制中药材产业营销战略地图，梳理出全县46家中药材加工主体、3 通过"整村授信+信用建档"模式，该行累计在全市建档评级信用村1216个，建立农户信用档案33939户，打造"富镇强村示范村"38个。从茶叶到柑橘 ...

Core Viewpoint - Tianjin TEDA Resource Recycling Group Co., Ltd. (TEDA) and its subsidiary Tianjin TEDA Environmental Protection Co., Ltd. have successfully issued green financing instruments, marking a significant step in their green development journey [1][9]. Group 1: TEDA's Low-Carbon Transition Bond - TEDA successfully completed the first non-public issuance of low-carbon transition-linked corporate bonds in Tianjin, with a total scale of 1 billion yuan [2]. - The bond consists of two varieties: a three-year bond and a five-year bond, each issued at 500 million yuan, with coupon rates of 2.59% and 3.13% respectively [2]. - The subscription multiples were 3.53 times for the three-year bond and 2.12 times for the five-year bond, indicating strong market interest [3]. - The bond terms are directly linked to the company's low-carbon transition goals, specifically the annual waste processing capacity of its waste-to-energy project, reflecting a commitment to high-quality development and transformation [3][9]. Group 2: TEDA Environmental Protection's Green Asset-Backed Notes - TEDA Environmental Protection successfully issued green asset-backed notes (ABN) with a total scale of 560 million yuan and a five-year term, with an average coupon rate of 2.42% [8]. - The average subscription multiple for this issuance was 2.22 times, demonstrating investor confidence in the company's green development strategy and operational capabilities [8]. - This issuance marks the second successful launch of such green financial instruments by TEDA Environmental Protection, reinforcing its position as a pioneer in the green finance sector [9]. Group 3: Strategic Implications - The successful issuance of these financial instruments injects strong green financial momentum into TEDA's ecological and environmental protection industry, supporting the construction of a circular economy system and contributing to national dual carbon goals [9]. - The issuance aligns with national strategies to promote green development and create a market economy system that supports low-carbon development, as emphasized in the 20th National Congress of the Communist Party of China [9]. - TEDA's innovative products link environmental performance with capital costs, creating a positive cycle of technological upgrades, emission reductions, and financing convenience, positioning its resource recycling business as a national benchmark [9].

【大河财立方消息】11月28日，生态环境部举行11月例行新闻发布会。 "绿色发展投融资合作伙伴关系"由"一带一路"绿色发展国际联盟联合首批16家中外金融机构及合作伙伴，在第三届"一带一路"国际合作高峰论坛绿色发展高 级别论坛上正式启动，并被纳入第三届高峰论坛主席声明和多边合作成果清单。伙伴关系围绕绿色投融资工具创新、海外碳资产开发、气候韧性基础设施建 设等关键领域，搭建沟通协作平台，统筹国内外绿色发展资源，着力破解绿色"一带一路"建设中的投融资瓶颈，推动"一带一路"绿色项目落地实施。伙伴关 系发起至今，已先后与洪都拉斯、印尼等国家开展了务实合作，与巴西绿色发展投融资国家平台积极开展对接。 下一步，生态环境部和中国人民银行将通过"指导委员会"完善协调机制，加强统筹管理，为"一带一路"绿色投融资合作提供指导支持，高水平支撑"一带一 路"绿色发展。 2017 0.03 and 10 2018 责编:王时丹 | 审核:李震 | 监审:古筝 the state of the states Annes and all and and the TS 2018 11:47 1. 201 Lands and 0 22 an E ...

Core Viewpoint - The Ministry of Ecology and Environment and the People's Bank of China have decided to establish a Green Development Investment and Financing Partnership Guidance Committee to promote the internationalization of China's green finance and provide policy recommendations for major financial cooperation in green development along the Belt and Road Initiative [1] Group 1 - The "Green Development Investment and Financing Partnership" was officially launched at the third Belt and Road International Cooperation Summit Forum's high-level forum on green development, involving 16 domestic and foreign financial institutions and partners [1] - The partnership focuses on key areas such as innovation in green investment and financing tools, overseas carbon asset development, and climate-resilient infrastructure construction [1] - The initiative aims to address investment and financing bottlenecks in the construction of green Belt and Road projects and facilitate the implementation of green projects along the Belt and Road [1] Group 2 - Since its inception, the partnership has engaged in practical cooperation with countries such as Honduras and Indonesia, and has actively connected with Brazil's national platform for green development investment and financing [1]

Report Overview - Date: November 28, 2025 - Report Type: Commodity Research Morning Report - Green Finance and New Energy - Covered Commodities: Nickel, Stainless Steel, Lithium Carbonate, Industrial Silicon, Polysilicon 1. Report Industry Investment Rating - Not provided in the report 2. Report's Core View - Nickel: The inventory accumulation pace has slightly slowed down, with short - term disturbances from macro and news factors [2][4] - Stainless Steel: Steel prices are under pressure and oscillating at a low level, but the downside potential is limited [2][4] - Lithium Carbonate: The approaching resumption of production by large manufacturers and the failure to meet de - stocking expectations are putting pressure on the upside [2][9] - Industrial Silicon: Mainly in a range - bound oscillation [2][12] - Polysilicon: Attention should be paid to the position of the 2512 contract [2][13] 3. Summary by Commodity Nickel and Stainless Steel - **Fundamental Data**: For nickel, the closing price of the Shanghai Nickel main contract was 116,900 yuan, down 360 yuan from the previous day. The trading volume of the Shanghai Nickel main contract was 97,221 lots, a significant decrease of 79,345 lots. For stainless steel, the closing price of the main contract was 12,410 yuan, down 45 yuan, and the trading volume was 186,323 lots, down 37,935 lots [4] - **Macro and Industry News**: Multiple events including the takeover of a nickel mine in Indonesia, China's suspension of non - official subsidies for Russian copper and nickel imports, and various regulatory policies in Indonesia have affected the market. Also, the Fed's dovish remarks have influenced market sentiment [4][5][7] - **Trend Intensity**: Both nickel and stainless steel have a trend intensity of 0, indicating a neutral outlook [8] Lithium Carbonate - **Fundamental Data**: The closing price of the 2601 contract was 94,000 yuan, down 500 yuan. The trading volume was 216,915 lots, a large decrease of 145,740 lots. The inventory decreased by 2452 tons compared to last week [9][11] - **Macro and Industry News**: The SMM battery - grade lithium carbonate index price increased, and the production this week decreased slightly [9][10][11] - **Trend Intensity**: The trend intensity is - 2, indicating a very bearish outlook [11] Industrial Silicon and Polysilicon - **Fundamental Data**: The closing price of the Si2601 contract for industrial silicon was 9,115 yuan, up 95 yuan. The trading volume was 323,524 lots, down 45,701 lots. For polysilicon, the closing price of the PS2601 contract was 55,235 yuan, down 660 yuan [13] - **Macro and Industry News**: China Energy Construction's 2025 photovoltaic module centralized procurement project bid candidate was announced [13][15] - **Trend Intensity**: The trend intensity of industrial silicon is 0 (neutral), and that of polysilicon is - 1 (slightly bearish) [15]

Core Insights - The Shanghai Stock Exchange is actively promoting green finance and has made significant progress in developing the green and ESG bond market, with nearly 900 billion yuan in cumulative green bond issuance by the end of October 2025 and over 80 billion yuan in low-carbon transition bonds since their launch in 2022 [1][4] Group 1: Green Finance Development - The Shanghai Stock Exchange has been implementing the national green development strategy and innovating products and mechanisms related to green finance [1] - The cumulative issuance of green bonds is approaching 900 billion yuan, indicating strong market growth [1] - Low-carbon transition bonds have seen a cumulative issuance of over 80 billion yuan since their introduction in 2022 [1] Group 2: ESG Management Trends - Chinese enterprises are shifting from passive compliance to proactive management of ESG factors, particularly in response to challenges faced during international expansion [1] - The ESG evaluation system in mainland China, although initiated relatively late, is developing rapidly, with significant advancements in both theoretical frameworks and practical applications [4] - Recent policy developments, such as the draft guidelines for corporate sustainable disclosure and the revised guidelines for sustainability reporting by listed companies, are helping enterprises identify risks and opportunities in their sustainable development processes [4]