Kaldalón hf. has concluded the sale of a new green bond series, KALD 100240 GB, for a nominal amount of ISK 3,000 million at a yield of 3.90%. The bond series is CPI-indexed, with a 14-year term and a 30-year amortisation schedule, featuring equal semi-annual payments and a fixed annual interest rate of 3.90%. The bonds are secured in accordance with a general collateral framework and are issued under the company’s ISK 40,000 million issuance programme. The scheduled payment and settlement date is Tuesday, ...

Key Insights - The rapid development of the green finance market is leading to an increase in relevant information and data, with a focus on the latest trends and practices in green finance to provide decision-making references for stakeholders [1] Group 1: Policy Developments - The Ministry of Ecology and Environment plans to develop a classification directory for green finance supporting the construction of a beautiful China, which will help optimize financial market support policies and enhance project recommendation mechanisms [2] - The Ministry aims to promote financial support for urban environmental protection projects and strengthen industry self-regulation policies, enhancing the disclosure of environmental information and establishing a new regulatory mechanism based on environmental credit [2] Group 2: Market Transactions - The first cross-border carbon trading settlement between China and Portugal was completed in Zhuhai, involving a total payment of 20,000 RMB for carbon emission rights, demonstrating the feasibility of cross-border carbon trading [3] - The national carbon market recorded a highest price of 82.00 RMB per ton and a total trading volume of 862,146 tons, with a total transaction value of 67,572,010 RMB [4] Group 3: Green Finance Practices - The first carbon excess loss insurance for industries such as steel and cement was issued, providing 1 million RMB in risk coverage, addressing the core risks of green transformation in high-energy-consuming industries [5] - Guangdong province proposed a "fund + bank + insurance" integrated blue finance industry system to support marine economic development, encouraging the development of marine-related financial products [6] - Ningxia released a three-year action plan for high-quality green finance development, aiming to establish a green finance service system by 2028, with a focus on ecological protection and green transformation in the Yellow River basin [7]

Core Viewpoint - By the end of 2025, China's green loan balance in both domestic and foreign currencies is expected to reach 44.77 trillion yuan, with an annual increase of 7.72 trillion yuan, achieving over 20% growth year-on-year, indicating a strong commitment to supporting green development and facilitating a comprehensive green transformation of the economy and society [1] Group 1: Green Bond Market - In 2025, China's green bond market experienced significant growth, with 647 bonds issued and a total issuance scale of 10,784.33 billion yuan, representing year-on-year increases of 35.64% and 58.26% respectively [4] - The cumulative issuance of green bonds in the domestic market exceeded 3,000 bonds, with a total issuance scale of approximately 5.24 trillion yuan, showcasing high-quality development through innovative products and record-breaking first issuances [4] Group 2: Green External Debt Pilot - In 2025, a pilot program for green external debt was launched in 16 cities, allowing green external debt projects to occupy less of the total cross-border financing risk-weighted balance, thereby expanding the financing scale for green development projects [5] - The pilot program facilitates the introduction of low-cost international funds into domestic green projects, establishing a rapid channel for financing [5] Group 3: New Green Finance Support Project Directory - The People's Bank of China and regulatory authorities released the 2025 version of the Green Finance Support Project Directory, which includes new categories such as green trade and green consumption, and enhances alignment with national economic sectors [6] - The directory aims to unify standards for green finance products and provide clear guidelines for financial institutions, supporting emerging areas like green trade and consumption [6] Group 4: Financial Institutions' Disclosure Rules - In 2025, a new climate disclosure standard was introduced, requiring companies to disclose climate-related risks and opportunities, which will serve as a foundation for financial institutions in managing climate risks and identifying qualified transition financing clients [8] - The standardization of climate information disclosure will enhance the risk management capabilities of financial institutions and drive resources towards green and low-carbon sectors [8] Group 5: Transformation Finance Practices - In 2025, various provinces implemented transformation finance guidelines for industries such as construction materials and textiles, leading to the launch of the first transformation loans in multiple regions [9] - The collaboration between transformation finance and green financial tools effectively addresses the financing bottlenecks faced by high-carbon industries transitioning to low-carbon operations [9] Group 6: Development of Green Insurance - Green insurance evolved from single product innovation to a systematic development phase, with new products introduced to cover climate risks and support ecological value transformation [10] - The implementation of a high-quality development plan for green finance by regulatory authorities emphasizes the optimization of insurance products related to climate risks [10] Group 7: Biodiversity Financial Products - In 2025, financial support for biodiversity transitioned from concept to practice, with innovative products linking financing to biodiversity protection metrics [11] - These products aim to convert ecological value into tangible assets, broadening financing pathways for ecological protection projects [11] Group 8: Digitalization of Green Finance - The integration of technology into green finance has accelerated, with the establishment of digital platforms aimed at improving service models and addressing information asymmetries [12] - Initiatives such as blockchain-based platforms and digital financing projects are enhancing the efficiency and precision of fund allocation for green projects [12] Group 9: Differentiated Financial Support for Beautiful China - In 2025, action plans for key regions like the Greater Bay Area and Yangtze River Delta included green finance as a critical support for ecological protection and low-carbon transitions [13] - The differentiated deployment of green finance in these regions is expected to create replicable experiences for building a multi-layered green finance system nationwide [13] Group 10: Issuance of Green Sovereign Bonds - In 2025, the Ministry of Finance successfully issued the first green sovereign bonds worth 6 billion yuan in London, achieving record low interest rates for offshore RMB bonds [14] - The issuance attracted significant international interest, demonstrating China's commitment to utilizing international capital markets for green transformation [15]

Key Insights - The rapid development of the green finance market has led to an increase in relevant information and data, with a focus on the latest trends and practices in green finance to provide decision-making references for stakeholders in the field [1] Group 1: Policy Developments - The Ministry of Finance, along with other regulatory bodies, has included green consumption in the interest subsidy policy, specifically targeting sectors such as building energy efficiency and green transportation, which is expected to stimulate investment in the green consumption sector [2] - The United Nations Environment Programme (UNEP) reported that nearly half of global economic activities heavily rely on natural resources, highlighting the need for annual investments of $571 billion in nature-based solutions by 2030 to achieve sustainable development [3] Group 2: Market Trends - The national carbon market saw a maximum price of 81.00 yuan per ton, with a closing price increase of 3.18% compared to the previous week, indicating a growing market interest in carbon trading [4] Group 3: Green Finance Practices - The first cross-provincial GEP (Gross Ecosystem Product) pledge loan was successfully implemented in Chongqing and Sichuan, marking a significant step in transforming ecological value into bank-acceptable collateral, thus supporting regional ecological protection and green agriculture [5] - The Hong Kong Monetary Authority released the second phase of the Sustainable Finance Classification Directory, expanding the framework to include transition and climate adaptation activities, which will facilitate financing for high-carbon industry transitions [6]

Core Viewpoint - SOLOWIN HOLDINGS (NASDAQ: AXG) has announced a strategic partnership with Quantum and Time Group (QTG) to focus on the tokenization of revenue rights from QTG's new energy projects in Malaysia, aiming to integrate green assets with digital finance and support the energy transition in the ASEAN region [1][2][4] Company Overview - SOLOWIN HOLDINGS is a financial technology firm specializing in bridging traditional and digital assets, with a focus on digital currency payments and asset tokenization [8] - The company operates through its subsidiary AlloyX, which is involved in the partnership with QTG [1][8] Partnership Details - The collaboration will leverage Malaysia's regulatory framework for asset tokenization to develop a benchmark project that combines green assets with digital finance [2][4] - QTG's strengths include ownership of tangible assets and stable cash flows from its solar and green power projects, which align with Malaysia's goal of achieving 70% renewable energy generation by 2050 [3][4] Market Context - The partnership coincides with a critical phase in Malaysia's real-world asset market, driven by regulatory clarity and compliance priorities [4] - The initiative aims to transform sustainable green energy assets into transparent digital financial products, providing liquidity and regulatory compliance for global investors [4] Strategic Goals - The collaboration seeks to attract long-term, sustainable capital to support the energy transition and development of a low-carbon economy in the ASEAN region [5] - AXG aims to establish a benchmark for collaboration between Chinese and Malaysian enterprises in green finance and the digital economy [5]

Core Viewpoint - SOLOWIN HOLDINGS (NASDAQ: AXG) has announced a strategic partnership with Quantum and Time Group (QTG) to focus on the tokenization of revenue rights from QTG's new energy projects in Malaysia, aiming to integrate green assets with digital finance and support the energy transition in the ASEAN region [1][2][4]. Company Overview - SOLOWIN HOLDINGS is a financial technology firm specializing in digital currency payments and asset tokenization, aiming to bridge traditional and decentralized finance [8]. - The company operates through its subsidiary AlloyX, which is involved in the partnership with QTG [1][8]. Partnership Details - The collaboration will leverage Malaysia's regulatory framework for asset tokenization to develop a benchmark project that combines green assets with digital finance [2][4]. - QTG is recognized for its ownership of tangible assets and stable cash flows, particularly in solar and green power projects, aligning with Malaysia's goal of achieving 70% renewable energy generation by 2050 [3][4]. Market Context - The partnership coincides with a growing focus on regulatory clarity in Malaysia's real-world asset market, aiming to transform sustainable green energy assets into compliant digital financial products [4]. - This initiative is expected to create a regulated pathway for global investors to engage in ASEAN's green economy, channeling sustainable capital into Malaysia's new energy projects [4]. Strategic Goals - The collaboration aims to enhance operational efficiency and investor trust through the use of smart contracts and on-chain transparency [3][4]. - The partnership is positioned as a significant step in exploring compliant structures for the digitalization of economic rights from renewable energy projects, with a focus on attracting long-term capital for energy transition [5].

Core Insights - QNB Group has become the first bank in the Middle East and Africa to surpass a banking brand value of $10 billion, reaching $10.3 billion, which is an 11% year-on-year increase, solidifying its position as the most valuable banking brand in the MEA region [2][5] Brand Strength and Rankings - QNB maintained a Brand Strength Index (BSI) score of 86, retaining its AAA brand rating, one of the highest distinctions awarded by Brand Finance [3] - On a global scale, QNB moved up three places to rank 36th among the world's top banking brands and secured the 244th position among the world's most valuable brands across all sectors, climbing one place from its 2025 ranking in the Global 500 index [4] Strategic Focus and Commitment - The rise in brand value reflects growing confidence among customers, investors, and stakeholders, reinforcing QNB's strategic focus on being a trusted financial partner in local, regional, and international markets [5] - Brand Finance's assessment highlights QNB's long-term commitment to brand building as a competitive differentiator, supported by investments in innovation, digital banking, green finance, and inclusive finance initiatives [6] - This milestone underscores QNB's progress toward its 2030 strategy, which aims to enhance its standing as a leading banking group in the MEA while delivering sustainable value for shareholders and clients [7]

Encouragingly, Acquis is finding there is increasing demand from these partners to structure pan-European partnerships with common product structures and legal setups, compliant with both domestic and EU regulations, helping to offset what has been a generally weak market in France lately due to economic and regulatory uncertainty tied to its political crisis.Many of these lenders are present throughout Europe with multiple subsidiaries, Guez explains, and they continue to invest and grow, offering ample bu ...

（来源：新华日报） 冬日清晨，东台条子泥湿地晨雾如纱，成群的候鸟在潮间带翩跹起舞，"720"高潮位栖息地上，勺嘴 鹬、小青脚鹬正低头觅食。这里曾是盐碱荒滩，如今却成了候鸟们的快乐家园。 近年来，条子泥湿地保护工作持续推进，退渔还湿、生态修复工程让自然岸线逐步恢复，实现从单一管 控到系统保护、从政府主导到多元主体参与的跨越，悄然书写人与自然的和谐共生之道。 持续攀升，鸟类记录增至420种 2025年11月，一位特殊的"访客"——小美洲黑雁出现在条子泥湿地。这是该物种首次在江苏被观测到， 也将条子泥湿地记录的鸟类数量刷新至420种。此前，南京林业大学调查队还在此发现国家一级保护野 生动物彩鹮的身影。"彩鹮是朱鹮的近亲，数量稀少，曾被认为在中国野外绝迹。"红树林基金会条子泥 工作站负责人李凌骜说，"在条子泥观察到它非常难得。" 小美洲黑雁的出现，丰富了条子泥的生物多样性图谱，也印证了这里生态系统持续向好；彩鹮的身影， 则是湿地修复成效的有力见证。监测报告显示，2025年条子泥及其周边区域支持了至少97种、45万只水 鸟在此停歇觅食。川水湾、"720高地"、1万亩区域、方塘河口等核心栖息地承载着不同水鸟的生存需 求， ...

Group 1 - The rapid development of the green finance market has led to an increase in relevant information and data, with the Green Finance Weekly focusing on the latest trends and providing decision-making references for stakeholders [1] Group 2 - The Ministry of Finance and other departments released the "Corporate Sustainability Disclosure Guidelines No. 1 - Climate (Trial)", marking a significant step in the practical implementation of China's corporate sustainability information disclosure system [2] - The core value of the "Climate Guidelines" is to standardize and normalize information disclosure, helping enterprises identify transition risks and opportunities, and providing essential data for financial institutions to assess climate risks [2][3] - The guidelines signal China's commitment to climate governance and its proactive attitude towards aligning with international standards [2] Group 3 - The national carbon market saw a highest price of 76.34 yuan/ton last week, with a closing price increase of 15.95% compared to the previous week [5] - The total transaction volume of carbon emission allowances reached 15,655,615 tons last week, with a total transaction value of approximately 1.12 billion yuan [5] Group 4 - The first carbon finance alliance in China was established in Hubei, focusing on innovation in carbon finance, financial empowerment for industry breakthroughs, and talent cultivation [7] - Guangzhou's "14th Five-Year Plan" suggests establishing a three-in-one green finance support system, enhancing the ecological product market transaction mechanism [8] Group 5 - The first cross-border photovoltaic leasing business in the financial leasing industry was successfully completed by Puyin Financial Leasing, marking a significant step in cross-border leasing services for green projects [9] - The successful fundraising of the China Nuclear Clean Energy REIT, with a subscription amount of 161.69 billion yuan and a public investor subscription multiple of approximately 392 times, indicates strong market recognition for quality green energy projects [10][11]