Core Viewpoint - The recent issuance of the "Opinions" by the Guangdong Provincial High People's Court, the Guangdong Provincial Ecological Environment Department, and the People's Bank of China Guangdong Branch provides systematic judicial support for carbon emission quota pledge financing, marking a significant step towards developing a unified and active carbon financial market in Guangdong [1][2]. Group 1: Key Regulations and Innovations - The "Opinions" introduce thirteen specific regulations aimed at addressing key bottlenecks such as fragmented rules and weak risk control in carbon emission quota pledge financing [1]. - Carbon emission quotas are recognized as legitimate pledge assets, and legal effectiveness is established upon registration on the provincial trading platform [2]. - A dual registration model combining the People's Bank of China’s movable property financing unified registration public system and the provincial trading platform is implemented to prevent asset transfer risks [2]. Group 2: Legal and Judicial Support - The "Opinions" emphasize the importance of judicial services and protections, aiming to uphold the validity of carbon emission quota pledge contracts and strictly define circumstances under which contracts may be deemed invalid [2]. - A mechanism prioritizing pre-litigation negotiation and providing judicial support as a fallback is established, ensuring that parties can seek legal recourse if negotiations fail [2].

企业"碳指标"融资难、银行放贷顾虑多？这类问题在广东有了解决路径。8月12日，广东省高级人民法 院、广东省生态环境厅、中国人民银行广东省分行联合印发《关于推进碳排放配额担保助力绿色金融发 展的若干意见》（以下简称《意见》），从质押登记确权、担保产品创新到司法服务保障，提出13条具 体规定。 作为全国首份在省级层面为碳排放配额质押融资提供系统化司法保障的政策文件，《意见》首次在省级 层面明确碳排放配额属于合法质押标的，首创以省级文件明确"双登记"模式确认碳资产权属，并设置行 之有效的违约处置机制，标志着广东在推动统一的碳金融市场建设上迈出关键一步。 广东碳交易市场活跃 碳排放配额是政府分配给企业、允许其在特定时期内可排放的温室气体的额度，是碳排放权的凭证和载 体。 省生态环境厅气候与交流处处长关绣娟指出，企业通过节能减排，实际排放量低于核定配额的部分，既 可以在碳市场交易，也可以作为担保物向银行申请质押融资。这种基于碳资产的金融服务也叫碳金融， 是推动绿色转型的重要力量。 广东是全国最活跃的区域试点碳市场。数据显示，截至2025年7月，仅广州碳排放权交易中心的累计成 交配额就达到2.3085亿吨，总成交金额67 ...

Domestic Market Overview - The domestic market experienced a rise in both volume and price, breaking previous highs. The Shanghai Composite Index closed at 3683.46 points, up 0.48%, while the Shenzhen Component Index closed at 11551.36 points, up 1.76%. The ChiNext Index rose by 3.62% [1][9] - Among the 30 sectors tracked, 21 sectors saw gains, with telecommunications, non-ferrous metals, and electronics leading the increases. Conversely, banking, coal, and textile sectors experienced significant declines [1][9] - The total trading volume for the A-share market reached 21752 billion, continuing to rise compared to the previous day [1][9] Overseas Market Overview - The three major U.S. stock indices all closed higher, with the Dow Jones Industrial Average rising by 1.04% and the S&P 500 Index reaching a new closing high. Notably, UnitedHealth Group and Nike led the gains in the Dow [2] - Chinese concept stocks generally saw an increase, with Newegg rising over 24% and Lingzhong Portal up more than 18% [2] Key Economic Indicators - In July, the social financing scale increased by 9% year-on-year, with a cumulative increase of 23.99 trillion yuan in the first seven months of the year, which is 5.12 trillion yuan more than the same period last year. The increase in RMB loans was 12.87 trillion yuan [10][12] - As of the end of July, M2 grew by 8.8% year-on-year, while M1 increased by 5.6% [10][12] Industry Developments - The Ministry of Commerce announced countermeasures against two EU financial institutions, UAB Urbo Bankas and AB Mano Bankas, in response to sanctions imposed by the EU on Chinese financial institutions [13] - Guangdong Province introduced the first systematic judicial guarantee document for carbon emission quota pledge financing in the country, aiming to support green finance development [15]