□ 本报记者苑青青 去年两会，居小秋提交了《关于进一步拓展江苏省河湖资源生态产品价值实现路径的提案》，建议江苏 加快开展河湖资源生态产品价值核算。前不久，省水利厅向她发来了最新推进情况。"省水利厅到全省 各地进行调研，并鼓励各地先行先试，开展多种类型的水生态产品价值变现探索。目前，全省累计完成 9个水生态产品价值转化项目，金额达17.97亿元。2026年，还将完成水生态产品价值核算相关研究和核 算方法制定。" 建言变实效，居小秋倍感责任在肩。"让我更加坚定了为美丽江苏建设贡献力量的履职初心。"她说。 "在江苏，'绿水青山'变'金山银山'触手可及。"2月3日下午，省政协委员、南京市生态环境局副局长居 小秋在参加环境资源界别小组会议时感叹。而她本人，正是"绿水"变"金山"的深度参与者。 ...

Core Insights - The article discusses the innovative approach taken by Suqian City, particularly in the Shuyang District, to address water scarcity by developing a system for realizing the value of water ecological products through recycled water initiatives [1][2][3] Group 1: Systematic Mechanism Design - The key to realizing the value of water ecological products lies in systematic mechanism design, which includes establishing rights, quantifying value, facilitating transactions, and activating capital [3] - The district has created a dual structure for water rights, separating ownership and usage rights, and issued the first national certificate for recycled water usage rights, addressing the dual nature of recycled water as both a public resource and a marketable asset [1][2] Group 2: Value Accounting and Economic Impact - A dual-track accounting mechanism has been established to quantify the value of recycled water, with the total ecological product value in 2024 reaching 74.59 million yuan, where ecological value is approximately 9.4 times that of commodity value [2] - The framework promotes a collaborative operation of four chains: wastewater treatment, recycled water utilization, ecological restoration, and economic value realization, enhancing the value cycle [2] Group 3: Practical Implications and Demonstration - The model developed in Shuyang District is comprehensive and operationally feasible, providing a practical example for other counties in China to promote the efficient use of water resources and realize the value of ecological products [3]

Core Viewpoint - The report emphasizes the importance of establishing and implementing the concept that "lucid waters and lush mountains are invaluable assets," focusing on expanding the value realization channels for ecological products in a sustainable manner [1] Group 1: Ecological Product Value Realization - The average annual precipitation in China has generally increased since the 1960s, presenting a rare opportunity for the development of water ecological products, while facing challenges such as measurement, collateral, transaction, and monetization difficulties [1] - It is essential to innovate institutional mechanisms to broaden sustainable pathways for realizing the value of water ecological products, promoting the ecologicalization of the water ecological product industry and the industrialization of ecological products [1] Group 2: Watershed Management - Maintaining high-quality water resources is a prerequisite for realizing the value of water ecological products, necessitating strict ecological protection and regulatory systems [1] - A differentiated management system should be established, with targeted and precise measures for prevention, protection, supervision, and comprehensive governance of watersheds [1] Group 3: Asset Assessment and Trading - A comprehensive assessment of the water ecological products within a jurisdiction is necessary, categorizing and estimating their value based on characteristics, scale, and benefits [2] - The establishment of a dynamic list of water ecological products will support development by detailing indicators such as project watershed, function, characteristics, and value [2] - Third-party institutions should be commissioned to conduct value assessments of water ecological products, ensuring fair and transparent trading processes [3] Group 4: Legal Rights and Compliance - The exploration of land use rights to support the transfer and registration of water use rights is crucial for ensuring compliance in project operations [4] - Social capital investment in the development of water ecological products should be legally recognized, ensuring rational use and effective management of water resources [4] Group 5: Benefit Distribution - The distribution of benefits from the realization of water ecological product values should follow the principle of "who invests, who benefits; who owns, who benefits; who operates, who benefits," enhancing the sense of gain among all participants [5] - The revenue from the realization of water ecological products can be composed of storage transaction revenue and development re-transaction revenue, with a focus on benefiting local communities [5]

Core Insights - The meeting organized by Hubei Provincial Water Resources Department focuses on advancing water investment and financing reforms and "three assets" management reform [1] - The current stage of water investment and financing reform is facing multiple challenges, including securing policy funds, asset verification, innovative financing models, and planning major projects [1] - There is a need to break traditional thinking to seek development and enhance efforts to tackle difficulties in the reform process [1] Group 1 - The meeting emphasizes the importance of aligning thoughts and actions with the decisions of the provincial government to enhance confidence in deepening water investment and financing reforms [2] - A multi-level and multi-channel water investment and financing system is to be constructed, transforming resources into assets, assets into capital, capital into funds, and funds into investments [2] - A classification strategy for the "three assets" is required to verify the authenticity, completeness, and accuracy of data on assets that can be revitalized, forming a solid foundation for future asset activation [2] Group 2 - Continuous deepening of water investment and financing reforms is necessary, promoting new mechanisms for government and social capital cooperation [2] - The promotion of water REITs (Real Estate Investment Trusts) and the establishment of market mechanisms for water pricing and water rights trading are essential for providing strong financial support for high-quality water development [2]

Group 1: Ecological Asset Transformation - The village of Dayuan in Ya'an has successfully transferred the management rights of 100 acres of land for 296,000 yuan, marking the first transaction of ecological product value transformation in the region [1] - The concept of "Green Mountains and Clear Water are Golden Mountains and Silver Mountains" has been implemented for 20 years, leading to innovative paths for ecological product value realization, including water rights trading and carbon sink trading [1][5] - The establishment of the first provincial water rights trading service center in Sichuan has facilitated significant water rights transactions, including a notable cross-provincial water rights transfer [5][6] Group 2: Water Resource Management and Improvement - Sichuan province has implemented a "river chief system" to enhance the management and ecological condition of rivers and lakes, resulting in a 100% compliance rate for water quality in national monitoring sections for two consecutive years [4] - The improvement of water quality in rural areas has led to increased tourism and economic benefits for local communities, as seen in Xixiang Village, which has developed numerous agritourism projects [2][4] - The province has completed 1,438 water rights transactions, totaling over 1.9 billion cubic meters of water, indicating a growing market for water as a tradable ecological asset [6][7] Group 3: Financial Innovations in Water Conservation - The introduction of "water-saving loans" and "water rights loans" has provided significant financing for water conservation projects, with a total of 16.98 billion yuan raised for various initiatives [11][12] - The financial products aim to support water-saving infrastructure, technology upgrades, and rural water supply improvements, promoting efficient water resource utilization [12] - The marketization of water rights and the establishment of a trading platform have encouraged enterprises to adopt water-saving practices, turning conservation efforts into financial gains [5][6]

Core Viewpoint - Guangdong Province has issued the first river chief order of 2025, aiming to promote the construction of over 100 "Happy Rivers and Lakes" by 2025, with a comprehensive plan extending to 2030 [2][15]. Group 1 - The order emphasizes the need to strengthen the river and lake chief system, integrating ecological, living, and production aspects to enhance safety and health of rivers and lakes [9][10]. - By 2025, the goal is to establish over 100 Happy Rivers and Lakes, with more than 5 counties engaging in comprehensive construction [15][16]. - By 2030, the target is to construct over 500 Happy Rivers and Lakes and have over 40 counties involved in comprehensive construction [17][18]. Group 2 - The order outlines six key tasks: improving safety levels of rivers and lakes, maintaining ecological health, ensuring cleanliness, promoting the value of water ecological products, preserving water culture, and enhancing management mechanisms [25][29][30]. - The provincial river chief office is tasked with compiling a project list for Happy Rivers and Lakes construction from 2025 to 2030, with annual updates on tasks [32][33]. - The initiative aims to meet the growing demand for a better quality of life and support high-quality development projects across counties and towns [39][40].

Core Insights - Zhejiang Province achieved a record high water conservancy investment of 42 billion yuan in the first half of the year, with significant contributions from major projects and a growth rate of 17% in water management investments, making it the fastest-growing sector in provincial infrastructure investment [1][2] Investment Highlights - The central budget investment for water conservancy in Zhejiang reached 4.5 times that of the previous year, with a 39% increase in central financial support for water development [1] - A total of 293.6 billion yuan in central funding has been secured for water conservancy since the start of the 14th Five-Year Plan, with 26 projects receiving 3.925 billion yuan this year [2] Financing Innovations - Zhejiang is expanding diversified financing paths, including the establishment of a fund for ecological product value transformation, which is expected to attract 3 million yuan in social capital annually for soil and water conservation [2][3] - The first water and soil conservation ecological product fund was established in Changxing County, aiming to create a sustainable funding mechanism by leveraging social capital [2] Ecological Product Value Realization - The province has initiated 83 transactions for water ecological product value realization, expanding to 9 districts and 23 counties, with various types of projects including direct water resource usage and water rights pledges [5] - The first transaction for water and soil conservation ecological product value realization occurred in Anji County, marking a new practice in the field [4] Integration with Local Economy - The "Roaming Huangshan" project in Yiwushexi Town integrates water resources with local cultural and tourism assets, creating nearly 100 jobs and generating 8 million yuan in annual collective economic income for the village [6]

Core Insights - The signing of three water economy projects in Guangzhou marks a significant investment exceeding 1.6 billion yuan, indicating a new direction for Guangdong's water ecological product value realization [1][2] - Guangdong has initiated 115 water economy pilot projects, with a total planned investment of nearly 100 billion yuan, primarily driven by private enterprises [1][4] - The rise in consumer interest in water-related activities is creating opportunities for investment in water economy sectors such as water sports, tourism, and ecological farming [2][5] Investment Projects - Three water economy projects signed on July 10 include the "Zengjiang Tour Project" with over 200 million yuan investment and the "Forest Sea Project" with 1.453 billion yuan investment, focusing on water tourism, leisure, and ecological farming [2][3] - The "Zengjiang Tour Project" aims to enhance water-based tourism experiences, while the "Forest Sea Project" includes various recreational facilities [2][3] - The "Yuanlin Ecological Park" is expected to attract 800,000 visitors annually, generating an estimated net profit of around 287 million yuan once fully operational [4] Economic Impact - By 2024, 13 out of 16 provincial water economy pilot projects in Guangdong are operational, attracting 24.04 million visitors and generating 830 million yuan in revenue [4] - The anticipated growth in water sports and leisure activities is expected to significantly increase consumer spending in these sectors [3][5] Water Rights and Policy Development - Experts emphasize the need to overcome water resource rights and trading bottlenecks to enhance the value realization mechanism of water ecological products [5][6] - The establishment of a clear property rights system for river assets is crucial for promoting water economy development [5][7] - Recent initiatives in cities like Heshan are exploring river management rights reform to facilitate the economic value transformation of river ecological products [7][8]

Core Viewpoint - The article discusses the comprehensive action plan for the protection and construction of beautiful rivers and lakes in China, emphasizing the need for a multi-faceted financing mechanism to support these initiatives, which require significant funding and systematic governance [1][9]. Funding Mechanisms - The Ministry of Finance and the Ministry of Ecology and Environment have issued a notice to support local governments in applying for central financial funds for river and lake protection projects through a competitive review process [2]. - Central financial support will focus on projects related to pollution control, watershed protection, and ecosystem restoration, with funding sourced from the special funds for water pollution prevention [2][3]. - Local governments are encouraged to utilize general public budgets and various types of bonds to support these projects, with a focus on those that can generate revenue [4]. Innovative Financing Strategies - The article suggests that while fiscal funds play a crucial role, the demand for funding in river and lake protection is substantial, necessitating the involvement of social capital and financial institutions [5][9]. - Proposed strategies include realizing the value of water ecological products, integrating ecological protection with urban development, and exploring regional financial support models for ecological projects [6][7]. - The establishment of water funds to attract social capital for ecological projects is also recommended, with examples of successful fund models already in practice [8]. Collaborative Funding Approach - A collaborative approach involving central, local, and social funding is essential to meet the financial needs of river and lake protection projects [9].

Core Insights - The People's Bank of China Nanjing Branch is actively exploring a new financing model using water rights permits as collateral to support green finance and the realization of water ecological product values [1][2] Group 1: Financial Innovations - The Nanjing Branch has successfully guided the issuance of the first corporate loan of 20 million yuan and the first project loan of 128 million yuan in the province, marking a significant step in broadening the pathways for realizing ecological product values [1][2] - A new financing model has been established that combines "water rights as collateral" with dual registration, facilitating market pricing and circulation of water ecological product rights [1][3] Group 2: Strategic Collaborations - The Nanjing Branch has facilitated a strategic cooperation framework agreement between Agricultural Development Bank and Nanjing Water Group to deepen "water rights loan" business collaboration [3] - The Agricultural Development Bank has successfully issued a "water rights loan" of 128 million yuan for the second phase of the water supply system project in Wuyishan New District, utilizing water rights permits as collateral [3] Group 3: Market Expansion - There are currently 1,647 water rights permits in the Nanjing jurisdiction, with most of their financial attributes remaining dormant [4] - The Nanjing Branch plans to awaken these dormant water resources by providing a "white list" of enterprises with water rights permits to local financial institutions, promoting one-on-one services and policy interpretations [4] - Future explorations will include "water rights+" financing models to inject green financial resources into the high-quality development of Nanjing's economy [4]