Core Viewpoint - The article emphasizes the importance of green development in the Belt and Road Initiative (BRI), highlighting China's commitment to sustainable infrastructure, energy, and transportation cooperation with partner countries while addressing the challenges and risks associated with climate change and ecological protection [1][2][4]. Green Cooperation Potential - The article discusses the global ecological crises such as climate change and biodiversity loss, which necessitate a focus on green development as a common goal among BRI countries [2]. - It highlights the need for policy and technological support to optimize energy structures and address environmental challenges faced by partner countries [2]. Policy Framework and Guidelines - Several key documents have been released since 2015, outlining the vision and action plans for green BRI, including the emphasis on low-carbon infrastructure and ecological cooperation [3]. - The article notes the establishment of a timeline and roadmap for advancing green BRI initiatives through various strategic documents [3]. Successful Green Projects - Major green projects have been implemented, such as the Jakarta-Bandung High-Speed Railway in Indonesia, which is expected to reduce carbon emissions significantly [3]. - The article mentions the construction of the Mombasa-Nairobi Railway in Kenya, which adheres to strict environmental standards to minimize disruption to wildlife habitats [3]. Financial Support for Green Development - Since 2016, China has mobilized over 177 billion RMB in climate-related funding to support developing countries in energy efficiency and ecological protection [4]. - The article highlights the growing market for green products like electric vehicles and solar panels in BRI countries, contributing to their industrial transformation [4]. Future Directions - The article calls for a focus on green low-carbon development strategies during the 14th Five-Year Plan period, emphasizing the need for multi-stakeholder collaboration to enhance green project financing [5]. - It suggests leveraging clean energy, transportation, and finance as key areas for promoting sustainable development in BRI countries [5]. Green Transportation Infrastructure - The article outlines the importance of green transportation infrastructure in BRI, noting that transportation accounts for a significant portion of global CO2 emissions [6]. - It emphasizes the need for renewable energy and low-carbon technologies in transportation projects to reduce environmental impacts [6]. Challenges in Green Transportation - The article identifies challenges such as differing standards among countries, funding sustainability, and local adaptation issues that hinder the implementation of green transportation projects [9]. - It suggests the need for a multilateral coordination framework to address these challenges and promote green transportation initiatives [10]. Green Energy Cooperation - The article highlights the significance of green energy cooperation in the BRI, with a focus on solar, wind, and geothermal energy development [12][13]. - It notes that over 151 countries have set carbon neutrality goals, underscoring the global push for sustainable energy solutions [13]. Achievements in Green Energy - The article reports that China has established energy cooperation mechanisms with over 90 countries and regions, facilitating numerous green energy projects [14]. - It mentions that China's clean energy investments reached $625 billion in 2024, accounting for one-third of global clean energy investments [14]. Financial Innovations in Green Financing - The article discusses the role of various financial institutions in supporting green projects, including policy banks and international financial organizations [19][20]. - It highlights the issuance of green bonds and the establishment of financing mechanisms to support sustainable development in BRI countries [20]. Environmental and Social Risk Management - The article emphasizes the importance of environmental and social risk management in ensuring the sustainability of green projects [21]. - It calls for the establishment of unified green financial standards and innovative financing models to support renewable energy projects [22].

Core Viewpoint - The release of the "Green Financial Support Project Directory (2025 Edition)" aims to unify and enhance the efficiency of green finance projects in China, aligning with the latest national policies on green and low-carbon development [2][3][4]. Summary by Relevant Sections Green Finance Development - China's green finance has entered a rapid development phase, with increasing richness in green development connotations and continuous updates in industry policies and standards [3]. - The new directory addresses the long-standing issue of inconsistent identification standards between green bond support projects and green loan statistical systems, aiming to reduce management costs for financial institutions and regulatory bodies [3][4]. Directory Structure and Application - The directory is applicable to various green financial products, excluding green stocks, and integrates existing standards for green bonds and loans to enhance market liquidity and asset management efficiency [4][5]. - The directory includes new classifications for green trade and green consumption, responding to national policies aimed at promoting green consumption and supporting the transition to a green economy [5][6]. Support for Low-Carbon Transition - The directory not only supports traditional green industries like renewable energy and green transportation but also provides pathways for high-carbon industries such as steel and petrochemicals to transition towards low-carbon practices [8]. - The introduction of specific financial standards for transformation finance in pilot regions is intended to clarify the categorization of green and transitional economic activities, enhancing the targeting of financial support [8]. Implementation and Future Directions - Future efforts will focus on deep interpretation, extensive training, policy collaboration, product innovation, and international exchanges to ensure effective application of the directory [7]. - The systematic detailing of project classifications and evaluation methods in the directory is expected to improve operational feasibility and align with international standards, facilitating the integration of green finance with industrial upgrades [8].

Group 1 - The core viewpoint emphasizes China's unwavering commitment to expanding high-level financial openness and building a mutually beneficial financial development framework, as stated by Li Yunzhe at the 2025 Lujiazui Forum [1] - The Financial Regulatory Bureau plans to further broaden and deepen financial openness to inject more momentum and vitality into high-quality development [1] - A joint action plan to support the construction of Shanghai as an international financial center was released, including measures to encourage innovation in technology finance and cross-border finance [1] Group 2 - Since the 18th National Congress, China's financial reform and development have been driven by openness, significantly enhancing the comprehensive strength of the financial industry [2] - Currently, 42 of the world's top 50 banks have established institutions in China, and nearly half of the 40 largest insurance companies have entered the Chinese market [2] - Foreign insurance companies' market share has increased from 4% in 2013 to 9% currently, while foreign banks' derivative business accounts for nearly one-fifth of the domestic market [2] Group 3 - The strategy to build a new high-level open financial framework includes steadily expanding institutional openness and replicating successful experiences from free trade zones [3] - Efforts will be made to optimize the business environment for foreign investment, ensuring a transparent and stable policy environment [3] - China aims to strengthen global financial security by actively participating in the formulation and maintenance of international financial regulatory rules [3] Group 4 - Over the past 40 years, China has achieved rapid economic growth and long-term social stability, with the financial industry maintaining healthy development [4] - China is accelerating its transformation into the world's largest consumer market, attracting foreign institutions with expertise in consumer finance [4] - The green finance market in China is leading globally, with significant funding needs projected for carbon peak goals by 2030, inviting foreign participation [4][5] Group 5 - The aging population in China is expected to exceed 400 million by 2035, with the silver economy projected to reach 30 trillion yuan, encouraging foreign institutions to engage in the pension market [5] - China's middle-income group is the largest globally, with household cash and savings significantly higher than the OECD average, prompting a demand for wealth management services [5]

近日，香港特区政府发布《香港营商环境报告》，以大量事实及详尽数据全方位介绍香港开放、安 全、稳定、高效和国际化的营商环境，展现香港在招商、引资、引才等方面的累累硕果。通读报告即可 得出一个清晰结论：如今的香港，营商环境更有优势，经济发展更有保障，各国投资人更有信心，向世 界展现独特魅力、澎湃活力，由治及兴势不可挡。 香港营商环境越来越"牛"，离不开两个重要的关键词："稳"和"变"。 "稳"，即安全稳定的发展环境。香港国安法和《维护国家安全条例》的实施，不仅保障了市民大众 的权利和自由，更保障了海内外投资者在香港的合法权益，为香港发展提供了强有力的安全保障，为市 场注入了强大的稳定性、确定性、可预期性。在高水平安全保障下，在中央政府一系列挺港惠港政策的 大力支持下，香港充分发挥"一国两制"下背靠祖国、联通世界的独特优势，扮演好"超级联系人"和"超 级增值人"角色，不断稳固核心竞争力。 这一点，香港交出了亮丽"成绩单"—— 在股市方面，恒生指数今年以来上升27%，上半年每日成交额上升120%至2400亿港元。截至7月中 旬，港股有52只IPO，集资额共1240亿港元，同比上升590%，新股融资额全球第一； 招商引 ...

项目库是绿色融资主体贷款授信和享受政策优惠的重要依据，也是投资主体开展金融活动绿色认定 的重要参考。围绕美丽山东建设的任务要求，项目库入库范围进一步扩大，增加了节能降碳改造、传统 能源清洁低碳转型、清洁能源设施建设和运营、绿色交通、绿色建筑、绿色农业等项目。入库项目目录 由原来的9大类107个具体类目，调整为应对气候变化、污染防治、资源循环利用等8大类274个具体类 目。 根据《管理办法》，申报项目承担单位应具备4项条件：注册地在中国境内的项目法人单位，且存 续期满1年；信用状况良好，未被纳入失信联合惩戒名单，且企业环境信用等级不是最低等级；近3年中 央和省级生态环境保护督察及"回头看"未作为典型案例通报；近3年内未发生重特大突发环境事件或生 态破坏事件。设区市生态环境部门要根据当前本地绿色低碳转型、生态环境质量改善等需求，强化本地 区项目储备；组织开展项目申报，核实申报项目信息，确保项目信息真实，满足入库条件。 项目库实行动态管理。入库项目的有效期为2年，有效期从入库之日起算。未获得金融支持的项 目，在有效期满后从项目库移除。需继续纳入项目库的应重新申报。（记者 张文婷） 日前，省生态环境厅、中国人民银行山 ...

Core Viewpoint - The Shandong Province has issued the "Management Measures for the Financial Project Library for Beautiful Shandong Construction," aiming to enhance the role of green finance in ecological protection and promote the construction of a beautiful Shandong [1] Group 1: Project Categories - The project catalog has been adjusted from 9 major categories with 107 specific items to 8 major categories with 274 specific items [1] - The new categories include climate change response, pollution prevention, resource recycling, ecological industry and biodiversity protection, green infrastructure upgrades, green equipment manufacturing, green services, and other projects [1] Group 2: Implementation Timeline - The new management measures will take effect starting September 1 [1]

Core Insights - The Beijing Green Exchange hosted the 2025 Participant Conference with over 200 representatives from the voluntary carbon market in attendance [1] - The Chairman of the Beijing Green Exchange emphasized the importance of diverse services to promote green and low-carbon development, aligning with national carbon peak and carbon neutrality goals [1] - The conference featured discussions on the potential and development paths of the voluntary carbon market, climate governance trends, CCUS technology innovations, and carbon reduction practices in waste-to-energy projects [1][2] Group 1 - The Beijing Green Exchange is committed to providing diversified services to support the national carbon neutrality objectives [1] - The China Postal Savings Bank's Beijing branch showcased its innovative practices in green finance across five dimensions, highlighting its role in promoting high-quality green finance development [1] - Key speakers at the conference included experts from various sectors discussing the evolution of global climate governance and the application prospects of RWA technology in carbon credit [1] Group 2 - A roundtable discussion focused on the opportunities and challenges in the voluntary carbon market, sharing experiences from companies participating in carbon market transactions [2] - The conference also recognized 18 outstanding participants for their contributions, awarding them in categories such as Best Trading Award and Best Service Award [2] - Discussions included the role of green finance in supporting the development of green industries and future directions for green technology innovation [2]

Group 1 - The core viewpoint of the article emphasizes the need for a unified standard, improved data foundation, product innovation, and policy coordination to promote the development of transition finance in China, aiding in the achievement of the "dual carbon" goals [1] Group 2 - The global climate governance context highlights the necessity for financing that covers transition activities, as traditional green finance primarily supports clean energy and may not meet the substantial funding needs for high-carbon industries transitioning to low-carbon [3] - The G20 Transition Finance Framework provides guiding principles for global transition finance development, addressing issues such as defining transition activities, disclosure requirements, diversification of financial tools, incentive policies, and ensuring a just transition [6] Group 3 - In China, the rapid development of green industries under the "dual carbon" goals necessitates simultaneous low-carbon transitions in high-carbon industries to avoid bottlenecks in renewable energy demand and mitigate risks of revenue decline and potential bankruptcies in high-carbon sectors [8] - The People's Bank of China is actively promoting the development of transition finance directories, having completed initial drafts for coal power, steel, building materials, and agriculture, which outline low-carbon transition paths and standards for financial institutions [8] - Local governments in China are piloting transition finance initiatives, achieving significant progress in areas such as directory compilation, carbon account construction, and product innovation, leading to rapid growth in transition financing [8]

Group 1 - The report highlights the rapid development of green low-carbon industries in Guangdong, with a projected output value of 1.1 trillion yuan for the new energy industry by 2024, including offshore wind power, new energy storage, photovoltaics, and hydrogen energy [1] - The automotive industry in Guangdong achieved revenue exceeding 1.28 trillion yuan, showcasing the region's strength in electric and intelligent vehicle manufacturing [1] - Guangdong has cultivated globally competitive enterprises in the electric vehicle sector, including BYD, GAC Group, and Xpeng Motors, as well as battery and material companies like Yiwei Lithium Energy and CATL [1] Group 2 - The offshore wind power industry in Guangdong has developed a complete industrial chain, including key components such as turbines, blades, and motors, along with services for testing and certification [2] - The nuclear energy sector in Guangdong is led by Dongfang Heavy Machinery, forming a supply chain for nuclear power equipment, supported by the establishment of the Guangdong Nuclear Energy Industry Alliance [2] - The photovoltaic industry in Guangdong has established clusters for materials, battery cells, and inverters, with Huawei being the global leader in inverter shipments [2] Group 3 - Guangdong's green finance initiatives have led to a green credit balance exceeding 4.24 trillion yuan, with a year-on-year growth of nearly 18% as of the first quarter of 2025 [2] - The Guangdong-Hong Kong-Macao Greater Bay Area has seen the annual issuance of green bonds exceed 200 billion yuan [2] - The province plans to cultivate several trillion-yuan green low-carbon industry clusters and enhance support for green financing through fiscal and financial measures [2]

Economic Growth and Resilience - In the first half of 2025, China's economy demonstrated resilience and stable growth despite increasing external pressures, showcasing its strong capacity to withstand challenges [1] - Major international investment banks, including Deutsche Bank, Morgan Stanley, Goldman Sachs, and Barclays, have raised their economic growth forecasts for China this year [1] Green Development Initiatives - China is a key player in promoting global green transformation, with significant efforts in environmental protection and green development [2] - In Huzhou, Zhejiang, a series of incentives for green finance have led to an annual growth of 41% in green credit, with green loans accounting for over 33% of total loans [2] - China's green industries, including wind power, photovoltaics, and electric vehicles, have seen substantial growth, with production of new energy vehicles and lithium-ion batteries increasing by 36.2% and 53.3% year-on-year, respectively, in the first half of 2025 [3] Foreign Investment and Market Opportunities - China is increasingly viewed as an attractive destination for foreign investment, with a market space that offers significant opportunities for multinational companies [4][5] - In the first half of 2025, foreign enterprises in China achieved an import and export volume of 6.32 trillion yuan, marking a 2.4% year-on-year increase [5] - The Chinese government is actively optimizing the business environment, simplifying approval processes, and enhancing intellectual property protection to attract foreign investment [5] Technological Innovation and Economic Transformation - "Technology-driven" and "innovation-driven" have become new growth models for the Chinese economy, with significant advancements in sectors such as renewable energy and artificial intelligence [7][8] - In the first half of 2025, the added value of China's high-tech manufacturing industry grew by 9.5%, with production of 3D printing equipment and industrial robots increasing by 43.1% and 35.6%, respectively [9] - China's focus on new quality productivity is creating new opportunities for cooperation with African nations, particularly in renewable energy solutions [9] High-Level Opening Up and Global Cooperation - China is deepening its participation in global industrial division and cooperation through high-level opening up, enhancing trade and investment opportunities with other countries [10][11] - In the first half of 2025, China's total goods trade volume exceeded 21 trillion yuan, setting a historical record for the same period [11]