香港金融管理局总裁余伟文在香港固定收益及货币论坛上致欢迎词时表示，将于今天（9月25日）发布 固定收益和货币路线图。余伟文表示，展望未来，无论是通过代币化债券等新工具，还是通过跨平台、 跨地域、跨资产类别整合和嵌入技术，或是通过满足日益增长的绿色投资和社会责任投资需求，香港目 标不仅是发展市场，还要提高市场的品质、韧性和连结性，确保市场能够支持创新。他指出，深化流动 性同样重要，并提供更有效的风险管理工具，确保我们的生态系统在面对全球挑战时保持稳健。 ...

专题："投资·向善"——复旦管院·兴动ESG大讲堂暨高校基金会慈善资产管理研讨会 9月22日，"投资·向善"复旦管院·兴动ESG大讲堂暨高校基金会慈善资产管理研讨会举行，兴证全球基金 党委书记、副总经理陈锦泉出席会议并致辞。 当前投资环境日趋复杂，因此除权益资产外，会议还探讨了大类资产配置与多资产策略。除了市场展 望，与会嘉宾也深入交流了高校基金会资产管理在新形势下的发展路径。兴证全球基金期待通过本次研 讨会，进一步促进高校基金会与资产管理机构之间的理解与合作，携手成为价值共创、共同成长、长期 陪伴的同行者。 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 陈锦泉表示，长期以来，兴证全球基金与多家高校基金会保持了深入合作。公司始终坚持风险控制、长 期投资与价值投资的基本理念，不断拓展主动管理的深度与广度，致力于通过构建多资产、多策略的投 资体系，为高校基金会提供稳健、可持续的投资回报。 在产品机制方面，兴证全球基金也积极推进创新。2016年，公司发起设立了系列社会责任专户产品，依 托专业能力助力慈善资产实现保值增值。该类产品在合同中明确约定，将部分投资收益纳入专项资金， 用于重新投入高校 ...

沪深交易所今年积极推动绿色债券的产品开发和创新探索，深交所首批专项服务海洋经济发展的绿 色债券在3月份成功发行，上交所于近期修订发布《上海证券交易所公司债券发行上市审核规则适用指 引第2号——特定品种公司债券》，推出低碳转型债券、低碳转型挂钩债券品种。 "绿色债券目前的发展面临历史性的市场机遇。"海南省绿色金融研究院管委会主任尤毅在接受《证 券日报》记者采访时表示，债券市场具有融资规模大、期限长、市场化程度高等特点，与主流绿色项目 融资需求相契合，绿色债券发展空间巨大。 作为近年来绿色金融领域大力发展的融资工具，绿色债券成为企业绿色转型的重要助力。据同花顺 iFinD数据统计，截至6月9日，今年以来，绿色债券发行规模达3615.6亿元，同比增长73.72% "绿色债券是绿色金融的重要组成，旨在通过发挥其在资本市场的资源配置功能，为绿色低碳产业 提供资金支持，这对于促进绿色经济发展、践行碳达峰与碳中和理念具有积极意义。"张立超说。 海南省绿色金融研究院相关研究的结果表明，公司在发行绿色债券后提高了其环境表现，环境方面 的评分普遍会进一步提高。尤毅表示，企业主动履行绿色社会责任，能够提升其社会形象，塑造品牌价 值 ...

主持人： 张强 中国社会企业与影响力投资论坛理事长、北京师范大学政府管理学院教授，中国管理科学学会可持续发展管理专业委员会执行主任 方巍 禹闳资本执行董事 高传捷 中国慈善联合会慈善信托委员会荣誉顾问 姜燕 盛世投资首席可持续发展官、合伙人 Wechayachia Fai GSG Impact市场开发部负责人 张咏 嘉宾（姓氏音序排列）： 德裕世家创始人、董事长 张强（主持人） 各位伙伴， 我是今天下午的主持人张强。金融不仅是财富传承，今天金融工具更需要温暖更多的人。到底在未来十年间到底有多少万亿来传承，这里有 很多变数，中国也进入了老龄化，财富传承的意义都在改变。不变的是，商业价值怎么样融通，像过去讲影响力只是一个工具，一定可以改变对于传统商 业问题的看法。那我们在影响力投资背后，讲的不仅仅是物质财富，还有赖以生存的商业精神财富。 今天有三个问题，从各自机构看一下怎么看待投资机构传承，同时各自的挑战和展望未来。 方巍 大家好，我来自禹闳资本，它是一家影响力投资机构，目前管理两只基金，一支是早期，一支是中后期，投资方向关注于循环经济、养老、残疾人福祉提 升等。投资阶段之前有涉足成长期为主，现在开始转向早期创业 ...

Core Viewpoint - The forum emphasized the importance of sustainable finance as a core resource for sustainable development and highlighted the need for a comprehensive transformation of the financial system to support high-quality development [1][2]. Group 1: Sustainable Finance Development - The construction of a sustainable financial system is crucial for high-quality financial service development, representing an evolution from traditional finance [1]. - The financial system's transformation includes goals, service expansion, system improvement, and innovation in financial theory [1]. - Shanghai is positioned as a key platform for developing China's sustainable financial system, enhancing innovation and international competitiveness [1]. Group 2: Financial Inclusion and Green Finance - By the end of 2024, the balance of inclusive loans for small and micro enterprises in Shanghai is projected to reach 1.29 trillion yuan, a 14% year-on-year increase [2]. - Green loans in Shanghai are expected to grow by 20.7% year-on-year by the end of 2024, playing a vital role in achieving carbon neutrality goals [2]. - Shanghai is actively developing standards and innovative products in the ESG field, improving the quality of sustainable development disclosures [2]. Group 3: Technological Innovation in Financing - The CEO of Ant Group highlighted that direct financing supported by new technologies can effectively disperse risks compared to traditional indirect financing [3]. - Innovations such as RWA and blockchain technology can enhance asset transparency and reduce financing risks, particularly in renewable energy sectors [3]. - This model can stimulate large-scale financing needs and encourage banks to transition towards transaction banking, creating a win-win scenario [3]. Group 4: Banking Sector's Role in Sustainability - The Deputy General Manager of Shanghai Pudong Development Bank emphasized the importance of balancing external requirements with internal development drivers in fulfilling social responsibilities [4]. - The relationship between economic value and diverse social values is crucial, with inclusive finance contributing to a balanced customer ecosystem [4]. - The President of Krung Thai Bank shared their approach to developing innovative financial products to address climate change and support the sustainable development of small and micro enterprises [4].

Group 1 - The 2025 China Social Responsibility Investment Summit was held in Shanghai, emphasizing the importance of sustainable financial systems for high-quality financial development [1][3] - The construction of a sustainable financial system is seen as a core resource for sustainable development, with Shanghai positioned as a key platform for innovation and international competitiveness in this area [3] - By the end of 2024, the balance of inclusive loans for small and micro enterprises in Shanghai reached 1.29 trillion yuan, a year-on-year increase of 14% [3] Group 2 - Green finance is crucial for achieving the "dual carbon" goals, with Shanghai's green loan balance growing by 20.7% year-on-year by the end of 2024 [3] - Ant Group's CEO highlighted the potential of sustainable financing technology innovations, suggesting that direct financing supported by new technologies can effectively disperse risks [4] - The Shanghai Stock Exchange has actively developed low-risk, stable-yield products, with bond ETF products reaching a scale of 214.9 billion yuan, a 43% increase from the end of 2024 [5] Group 3 - The sustainable development of rural areas presents significant opportunities for social responsibility investment, necessitating a modern financial service system tailored to rural revitalization [5] - The concept of "mixed financing" involving social capital and commercial capital is being explored to address market failures in rural areas [5]

Core Viewpoint - The forum emphasizes the importance of sustainable finance in achieving high-quality development and addresses the challenges and opportunities in promoting social responsibility investment in China [1][2]. Group 1: Sustainable Finance System - The construction of a sustainable finance system is crucial for high-quality financial development and is characterized by its role as a core resource for sustainable development [2]. - Sustainable finance is seen as an evolution of traditional finance, focusing on systemic reforms across various financial dimensions [2]. - The "Five Articles of Finance" are identified as key strategies for building China's sustainable finance system, targeting critical areas and weak links in high-quality development [2]. Group 2: Shanghai's Financial Initiatives - Shanghai has made significant progress in promoting inclusive finance, with a reported loan balance for small and micro enterprises reaching 1.29 trillion yuan, a 14% year-on-year increase by the end of 2024 [3]. - Green finance is pivotal for achieving carbon neutrality goals, with green loan balances in Shanghai growing by 20.7% year-on-year by the end of 2024 [3]. - The Shanghai Stock Exchange has introduced guidelines to enhance the quality of sustainable development disclosures among listed companies [3]. Group 3: Technological Innovations in Financing - Ant Group's CEO highlighted the potential of technology-driven direct financing to mitigate risks associated with traditional indirect financing methods [4]. - Innovations such as Real World Assets (RWA) and blockchain technology can enhance asset transparency and lower financing barriers, particularly in renewable energy sectors [4]. Group 4: Social Responsibility and Sustainable Development - The relationship between external requirements and internal development drivers is crucial for commercial banks to optimize credit structures and promote high-quality development [5]. - The collaboration between financial institutions and ecological partners is essential for creating innovative financial products that support sustainable development [5]. Group 5: Capital Market Contributions - The Shanghai Stock Exchange has actively developed low-risk, stable-return products, with a total of 1,194 billion yuan in bond and asset securitization products issued to support small and medium enterprises in early 2025 [6]. - The total scale of bond ETF products reached 2,149 billion yuan by the end of April 2025, reflecting a 43% increase from the end of 2024 [6]. Group 6: Rural Sustainable Development - The construction of a modern financial service system tailored for rural sustainable development is essential for promoting comprehensive rural revitalization [7]. - The latest publication from the China Inclusive Finance Research Institute discusses the challenges and pathways for rural finance, emphasizing the need for mixed financing models involving social and commercial capital [7]. Group 7: Innovation and Research - The forum showcased innovative products and academic works, including the launch of a new customer service brand by SPD Bank and two reports from the First Financial Research Institute focusing on sustainable development and corporate social responsibility [8].