Core Viewpoint - The report emphasizes the importance of establishing and implementing the concept that "lucid waters and lush mountains are invaluable assets," focusing on expanding the value realization channels for ecological products in a sustainable manner [1] Group 1: Ecological Product Value Realization - The average annual precipitation in China has generally increased since the 1960s, presenting a rare opportunity for the development of water ecological products, while facing challenges such as measurement, collateral, transaction, and monetization difficulties [1] - It is essential to innovate institutional mechanisms to broaden sustainable pathways for realizing the value of water ecological products, promoting the ecologicalization of the water ecological product industry and the industrialization of ecological products [1] Group 2: Watershed Management - Maintaining high-quality water resources is a prerequisite for realizing the value of water ecological products, necessitating strict ecological protection and regulatory systems [1] - A differentiated management system should be established, with targeted and precise measures for prevention, protection, supervision, and comprehensive governance of watersheds [1] Group 3: Asset Assessment and Trading - A comprehensive assessment of the water ecological products within a jurisdiction is necessary, categorizing and estimating their value based on characteristics, scale, and benefits [2] - The establishment of a dynamic list of water ecological products will support development by detailing indicators such as project watershed, function, characteristics, and value [2] - Third-party institutions should be commissioned to conduct value assessments of water ecological products, ensuring fair and transparent trading processes [3] Group 4: Legal Rights and Compliance - The exploration of land use rights to support the transfer and registration of water use rights is crucial for ensuring compliance in project operations [4] - Social capital investment in the development of water ecological products should be legally recognized, ensuring rational use and effective management of water resources [4] Group 5: Benefit Distribution - The distribution of benefits from the realization of water ecological product values should follow the principle of "who invests, who benefits; who owns, who benefits; who operates, who benefits," enhancing the sense of gain among all participants [5] - The revenue from the realization of water ecological products can be composed of storage transaction revenue and development re-transaction revenue, with a focus on benefiting local communities [5]

Core Insights - The People's Bank of China Nanjing Branch is actively exploring a new financing model using water rights permits as collateral to support green finance and the realization of water ecological product values [1][2] Group 1: Financial Innovations - The Nanjing Branch has successfully guided the issuance of the first corporate loan of 20 million yuan and the first project loan of 128 million yuan in the province, marking a significant step in broadening the pathways for realizing ecological product values [1][2] - A new financing model has been established that combines "water rights as collateral" with dual registration, facilitating market pricing and circulation of water ecological product rights [1][3] Group 2: Strategic Collaborations - The Nanjing Branch has facilitated a strategic cooperation framework agreement between Agricultural Development Bank and Nanjing Water Group to deepen "water rights loan" business collaboration [3] - The Agricultural Development Bank has successfully issued a "water rights loan" of 128 million yuan for the second phase of the water supply system project in Wuyishan New District, utilizing water rights permits as collateral [3] Group 3: Market Expansion - There are currently 1,647 water rights permits in the Nanjing jurisdiction, with most of their financial attributes remaining dormant [4] - The Nanjing Branch plans to awaken these dormant water resources by providing a "white list" of enterprises with water rights permits to local financial institutions, promoting one-on-one services and policy interpretations [4] - Future explorations will include "water rights+" financing models to inject green financial resources into the high-quality development of Nanjing's economy [4]