为了进一步满足海洋经济发展的资金需求，农行福建省分行还制定了未来3年提供不低于300亿元意向性 信用额度的计划。这笔资金将重点投向海洋渔业、涉海新兴产业等领域，为海洋经济的转型升级提供源 源不断的金融动力。 服务"产业强海" 促进产业振兴和生活富裕 闽在海之中，海为闽人田。福建是海洋资源大省、海洋经济大省，加快建设"海上福建"是福建省的重要 战略部署，也是金融业的服务重心之一。 近年来，农行福建省分行积极探索以蓝色金融支持海洋经济高质量发展的路径，围绕"海上粮仓"、海洋 科技、海洋生态、海洋旅游等重点领域，不断强化产品创新，落实资源保障，构建蓝色金融服务体系， 持续加大信贷投放力度，为海洋经济提供坚实的资金保障，助力福建打造现代海洋经济发展高地。 据介绍，农业银行总行与福建省政府、福建分行与各沿海地市、二级分行与沿海区县签署的战略合作协 议，均把金融服务海洋经济作为重要内容，强调突出蓝色金融服务方向。农行福建省分行专门出台《关 于加快推进海洋经济信贷业务发展的实施意见》，持续加大对海洋经济的信贷支持力度，创新符合福建 特色的金融产品和服务模式，着力打造一批蓝色金融特色支行，实现信贷资金、政策配套、金融产品、 ...

Core Insights - The "Genghai No. 1" modern marine ranch complex in Yantai, Shandong, represents a significant investment of 320 million yuan, yielding an annual harvest of 150,000 kg of high-quality seawater fish and attracting 150,000 visitors, while reducing carbon emissions by approximately 1,000 tons [1] - The project integrates innovative practices such as "fishing-light complementary" and "multi-dimensional cultivation of shellfish and algae," establishing a new paradigm of "marine ranching + ecological restoration + smart tourism" [1] - Financial tools like "marine ranch equipment loans," "carbon sink revenue rights pledge loans," and "smart net box comprehensive insurance" have empowered the transformation of the marine economy [1] Financial Support and Policy Framework - The People's Bank of China Yantai Branch has initiated a "blue-green integration" development strategy, focusing on ecological, low-carbon, and sustainable transitions in the marine economy [2] - Yantai has developed the first national blue finance local standard, which includes a qualitative and quantitative indicator system for marine sub-industries, enhancing the effectiveness of blue finance services [2] - Collaborative measures have been established among various departments to support blue-green integration, including the issuance of financial products that activate blue carbon economic potential [2] Collaborative Efforts - The Yantai Branch has created a financial coordination mechanism with local government departments to facilitate information sharing and project collaboration, establishing a marine industry project database [3] - Financial institutions are encouraged to develop specialized service systems to meet the financing needs of marine industries, with significant loan support for marine ranch projects [3] - A total of 36 specialized marine financial institutions have been established in Yantai to support high-quality development in the marine economy [3] Ecological Value Realization - The integration of blue and green economies in Yantai is not only an economic initiative but also a significant improvement in livelihoods and ecological benefits [4] - The first loan of 4.9 million yuan based on ecological product value has been issued, allowing for the monetization of ecological benefits such as carbon fixation and water purification [4] - A long-term cooperation mechanism has been established to account for ecological product values and apply them in financial contexts, expanding the model to other green development areas [5] Product Innovation - Financial institutions in Yantai are developing innovative financial products to support the high-quality development of the marine economy, including syndicate loans and ecological environment-oriented project loans [6] - A total of 2 billion yuan has been allocated for the first EOD (Ecological Environment-Oriented Development) project loan in the province, facilitating the integration of ecological governance and industrial development [6] - Financial institutions have provided credit support of 2.93 billion yuan for three EOD projects, with 1.361 billion yuan disbursed in loans [6]

Group 1: Climate Financing - The UN Conference on Trade and Development emphasizes the need for better climate financing support for developing countries, highlighting a significant gap between the $100 billion climate financing commitment achieved in 2022 and the $1.3 trillion target set for 2024 COP29 [2] - The report calls for systemic reforms in the international financial architecture to increase non-debt financing and improve the operations of multilateral development banks, enabling developing countries to become co-creators of rules rather than mere rule-takers [2] Group 2: Carbon Reduction Pathways - The Beijing Green Finance and Sustainable Development Research Institute released a study outlining carbon reduction pathways for six high-carbon industries from 2020 to 2060, providing a reference for financial institutions and third-party evaluations of corporate transformation plans [3] - The study suggests using a 2-degree scenario as a benchmark for assessments, aligning with China's "3060" dual carbon strategy goals, and aims to mitigate the risk of "false transformation" being included in financial support [3] Group 3: Blue Economy Financial Support - The Guangdong Province has opened a public consultation for the "Blue Industry Financial Support Guidelines," which aims to support sustainable development in marine industries, including fisheries, tourism, and marine renewable energy [4] - The guidelines provide operational principles for government, financial institutions, and enterprises, promoting standardization in blue finance and addressing challenges in identifying, quantifying, and qualifying blue economic activities [4] Group 4: Carbon Market Activity - The national carbon market reported a highest price of 62.48 yuan/ton and a closing price increase of 4.12% over the previous week, with a total trading volume of 16,774,989 tons and a total transaction value of approximately 1 billion yuan [5] - Cumulative trading volume in the national carbon market reached 795,940,642 tons with a total transaction value of approximately 53.29 billion yuan as of November 14, 2025 [5] Group 5: Green Financial Instruments - Shanghai Pudong Development Bank issued its first green financial bond of the year, totaling 20 billion yuan with a fixed interest rate of 1.73%, indicating market confidence in green financial instruments [6] - The issuance aims to provide long-term funding support for green projects, reflecting the growing recognition of green finance in the market [6] Group 6: Biodiversity Financing - The first biodiversity-linked loan in Ya'an, Sichuan Province, was issued for 478 million yuan, utilizing a combination of policy-based financial tools and market financing to meet project funding needs [7] - This loan integrates biodiversity impact assessments to monitor ecological effects, promoting a win-win scenario for ecological protection and industrial development [7]

Core Insights - The article emphasizes the importance of establishing a mechanism for realizing the value of ecological products, which is crucial for achieving harmony between humans and nature [1][2][3] Group 1: Financial Mechanisms and Collaboration - The People's Bank of Yantai has initiated a collaborative governance framework to support the realization of ecological product value, transitioning from fragmented departmental efforts to a system-integrated approach [2] - A long-term cooperation mechanism has been established among various stakeholders, including government and financial institutions, to enhance the financing of ecological products [2][3] - The introduction of policies and reports has laid a theoretical foundation for financial support in specific regions, guiding resources towards key ecological areas [3] Group 2: Financial Product Innovation - Financial institutions in Yantai have developed a comprehensive financial support system that covers all regions, industries, and scenarios, enabling ecological products to be tradable and valued [4] - The innovation of green financial products, such as marine carbon credit loans and ecological environment-oriented development loans, has created a product matrix that facilitates the conversion of ecological resources into economic value [6][7] Group 3: Sustainable Development Mechanisms - The use of monetary policy tools has been crucial in providing low-cost resources to ecological industries, enhancing the capital accessibility of ecological products [8] - Financial institutions are exploring innovative financing products and service models tailored to the unique characteristics of ecological industries, such as carbon credit loans and green development-linked loans [9] - A project database has been established to support sustainable and replicable projects, with significant financial backing provided to selected projects [10]

Core Insights - The article emphasizes the importance of establishing a mechanism for realizing the value of ecological products, which is crucial for the harmonious coexistence of humans and nature [1] - Yantai is highlighted as a pilot city for this mechanism, showcasing its rich ecological resources and active financial ecosystem, which supports the integration of ecological product value accounting and financial innovation [1] Group 1: Financial Mechanisms and Collaboration - The People's Bank of China in Yantai has shifted from a fragmented departmental approach to a collaborative governance framework, enhancing financial support for ecological product value realization [2] - A long-term cooperation mechanism has been established among various departments and financial institutions to facilitate the financing of ecological products, thereby converting ecological advantages into industrial development advantages [2] Group 2: Policy Development and Incentives - The article discusses the importance of well-defined policies that guide the processes of ecological product value accounting, trading, and financing, which stimulate market participation [3] - Several policy measures have been introduced to direct financial resources towards key ecological areas, addressing challenges in measuring and monetizing ecological assets [3] Group 3: Comprehensive Financial Support - Financial institutions in Yantai have developed a comprehensive financial empowerment system that covers all regions, industries, and scenarios, enabling ecological products to be tradable and valued [4] - Specific loans have been issued for various ecological projects, including a loan of 6.87 billion for a water reservoir and 92 billion for clean energy enterprises, demonstrating extensive financial support for ecological product value realization [4] Group 4: Innovative Financial Products - The article outlines the transition from single product financing to a diverse product matrix, showcasing the development of innovative financial products tailored to different ecological resources [5][6] - New financial products, such as "marine carbon sink loans" and "green + sustainable development linked loans," have been created to enhance the financial attributes of ecological products [6] Group 5: Collaborative Financial Ecosystem - Yantai has moved beyond traditional loan models to create a financial ecosystem that includes loans, insurance, and fiscal subsidies, enhancing the support for ecological product financing [7] - The introduction of various insurance products has provided significant risk coverage, with over 3 billion in policy-based marine aquaculture insurance [7] Group 6: Sustainable Financing Mechanisms - The article highlights the use of monetary policy tools to provide low-cost resources for ecological industries, improving capital accessibility for ecological products [8] - A total of 10.77 billion has been issued in loans and support tools, facilitating approximately 60 billion in loans for green industries and ecological agriculture [8] Group 7: Project Development and Support - The establishment of a project library containing 100 quality projects with ecological and economic value aims to ensure a sustainable supply of projects and precise financial support [10] - Financial support has been provided for 62 projects, with a total credit of 2.36 billion and loans of 870 million, promoting the development of current ecological projects and future sustainability [10]

Core Viewpoint - Coastal provinces in China are actively promoting the development of the marine economy, recognizing its significance in national economic growth [1][2] Group 1: Marine Economy Development - Various provinces are implementing different strategies to enhance marine economic development, including focusing on traditional industries like fishing and aquaculture, and supporting emerging industries such as underwater robotics [2][4] - The marine economy encompasses a wide range of industries, including marine fisheries, shipbuilding, transportation, and tourism, totaling 15 sectors [2] Group 2: Innovation and Financial Support - The sustainable development of the marine economy requires strong internal motivation from innovation entities like research institutions and enterprises, supported by a stable development environment and clear rights boundaries [2][4] - Local governments are optimizing the business environment through legal frameworks to enhance the innovation capabilities of marine economy stakeholders [2][4] Group 3: Blue Finance Initiatives - Blue finance, which supports the marine economy, is being explored and innovated by local departments to create a specialized financial system tailored to marine economic needs [3][4] - Financial institutions are developing credit products that align with marine industries, expanding the blue bond market, and enriching blue insurance offerings to inject financial resources into the marine economy [4] Group 4: Challenges and Collaborative Solutions - The marine economy faces challenges such as high investment costs, long return periods, and significant risks, leading to a substantial financing gap for sustainable development [4] - To address financing difficulties, collaboration among various stakeholders is essential, including the formulation of targeted fiscal policies and the development of innovative financing tools [4]

靠海吃海，是大自然的慷慨馈赠；向海图强，是江苏矢志不渝的奋进目标。2024年江苏海洋生产总 值突破万亿大关，站在新起点的江苏，如何加速挺进"深蓝"？金融，是破题的关键之笔。 11月4日，江苏蓝色金融支持海洋经济高质量发展会议在盐城市大丰区举行，会上正式揭牌蓝色金 融服务中心。而就在不久前，江苏相关部门相继推出了江苏海洋蓝色金融服务平台和海洋产业项目贷款 贴息政策。这些接踵而至的举措，都透露出江苏以蓝色金融护航向海图强的决心。 精准适配，让金融更"懂海" 在大丰区，国信大丰85万千瓦海上风电项目正在加紧施工。作为江苏规模最大的海上风电场，该项 目总投资约106亿元，创新采用"海上风电+海洋牧场+海水制氢"综合开发模式。 比如，债券等直接融资工具对涉海项目的门槛较高。截至2024年，我国境内共计发行蓝色债券30 只，债券规模309.90亿元，数量及规模约占绿色债券市场1%，募集资金主要投向海上风电项目以及海 水淡化项目。此外，社会资本的参与度普遍较低，尚未建立起多层次、多元化的资金供给体系。 "我们鼓励金融机构先行先试，为不同类型涉海主体定制专属金融服务。在传统银行信贷之外，重 点支持涉海企业通过银行间市场发行超 ...

Core Insights - Qingdao Bank reported a revenue growth of 5.0% year-on-year in Q3 2025, compared to 8.8% in the first half of 2025, while net profit increased by 15.5% year-on-year, slightly down from 16.1% in 1H 2025 [1] - The bank's net interest margin showed resilience, with a slight decrease of 2 basis points to 1.66% in Q3 2025, while the annualized asset yield decreased by 4 basis points to 3.52% [1] - The bank's loan growth remained robust, with total loans increasing by 13.3% year-on-year, driven primarily by corporate loans, which grew by 19%, while retail loans faced a decline of 4.8% [1] Revenue and Profitability - Q3 2025 revenue growth was impacted by fluctuations in the bond market, leading to pressure on other non-interest income, which declined by 10.7% year-on-year [2] - The bank's fee income showed signs of recovery, with a year-on-year decline of only 3.5% in Q3 2025, compared to a 13.4% decline in 1H 2025 [3] Asset Quality - The non-performing loan (NPL) ratio slightly decreased to 1.10% in Q3 2025, with a year-on-year decline in the NPL generation rate by 20 basis points [3] - The provision coverage ratio improved, rising by 17.2 percentage points to 269.99% in Q3 2025, indicating a strengthening of the bank's asset quality [3] Capital and Valuation - The core Tier 1 capital adequacy ratio decreased by 30 basis points to 8.75% [4] - The bank's projected price-to-book (PB) ratios for 2025, 2026, and 2027 are 0.77X, 0.55X, and 0.51X, respectively, while the price-to-earnings (PE) ratios are projected at 6.16X, 5.55X, and 5.04X [4] - The bank is expected to maintain favorable growth in credit and performance, leveraging its roots in Qingdao and the economic dynamics of Shandong [4]

E 3 7 5 自在表彰为高洋产业发展提供关键试能与持续支持、对本次大会举办形 成实出贡献的政策伙伴与专业机构,共建繁荣产业生态。 7 x12 生态共建奖 ● 取ლ名 单 址(中国)有限公司 日本康熙德的原因出出 有限公司 2025中国海洋经济博览会 蓝色经济新增长论坛 颁奖&榜单发布仪式 AN ECONOMY CONFERENCE NE ECO 2025年10月29日，安永(1]荣获2025中国海洋经济博览会（以下简称"海博会"）颁发的"2025年度卓越贡献奖"，以表彰其在海洋产业生态共建中 发挥的关键作用。安永[1]华南区咨询服务主管合伙人胡立基出席蓝色经济新增长论坛暨颁奖榜单发布仪式，并代表公司领奖。安永[2]大中华区SSG可持 续发展主管合伙人李菁受邀出席圆桌论坛，分享蓝色金融与ESG的融合路径。 6.00 EE 中国语法经济博语: 色经济新增长论坛 THE GLOBAL OCEAN ECONOMY CONFERENCE 2025中国海洋经济博览会 颁奖&榜单发布仪式 2025 CHINA MARINE ECONOMY EXPO BLUE ENTERPRISE AWARDS & RANKINGS CE ...

Core Insights - The People's Bank of China (PBOC) has implemented a series of practical measures to promote high-quality development of green finance during the 14th Five-Year Plan period, establishing a comprehensive framework for standards, tools, cooperation, and effectiveness [1] Group 1: Green Finance Standards - A multi-field standard system is gradually being established, with 1 national standard, 9 industry standards, and over 30 green finance standards under research. The first national green finance standard, "Green Finance Terminology," is set to be published by 2025 [2] - The green finance support project directory has expanded the scope of green finance to include trade and consumption, achieving full-chain coverage from production to consumption [2] Group 2: Transition Finance Standards - Transition finance standards have made significant breakthroughs, with the PBOC prioritizing support for advanced technologies and significant carbon reduction benefits. Transition finance standards for steel, coal power, building materials, and agriculture have been piloted in over 20 provinces, with approximately 67 billion yuan in transition loans issued by August 2025 [3] - The second batch of transition finance standards for metallurgy, petrochemicals, and other industries is being developed, with local standards and enterprise transition planning manuals being created to support regional green finance [3] Group 3: Biodiversity and Blue Finance Standards - A biodiversity finance and blue finance standard system is being gradually established, with over 20 provinces piloting biodiversity finance directories to promote a "nature-benefiting" transition [4] - Blue finance standards are under development and will be piloted in coastal areas [4] Group 4: Green Finance Tools - The demand for green finance has increased, leading to the development of a diverse range of green financial products. The PBOC has utilized structural monetary policy tools to provide low-cost funding for carbon reduction projects, with over 1.38 trillion yuan in carbon reduction loans issued by mid-2025 [5] - The green loan balance is approximately 42.39 trillion yuan, and the green bond balance exceeds 2.2 trillion yuan, positioning China among the top globally in these areas [6] Group 5: Risk Management - The PBOC has conducted climate risk stress tests and assessments to enhance financial institutions' risk management capabilities, ensuring the stability of the green finance market [7] Group 6: International Cooperation - China has taken a leading role in the G20 sustainable finance working group, producing key documents such as the G20 Sustainable Finance Roadmap and the G20 Transition Finance Framework [8] - The PBOC has actively promoted the alignment of green finance standards with international standards and participated in multilateral cooperation platforms to facilitate cross-border capital flow into green sectors [9] - Ongoing bilateral cooperation in green finance with countries like the UK, Singapore, and Australia is being implemented, along with sustainable investment capacity-building initiatives in emerging economies [9]