"绿色低碳"如何从口号、目标转化为实践？上海虹口以行动作答，绘就出一幅清晰生动的"实景图"。 2024年起，虹口区肩负起一项新使命——在市区协同机制下，成为以绿色低碳服务为特色赛道的承载 区。两年间，这里发展提速、产业汇聚：新增纳统企业50余家，集聚相关企业和机构超千家，产业规模 近800亿元，较2023年增加约200亿元。 虹口区绿 色低碳专班开展绿色低碳项目评审会。本文图片均为 上海虹口 供图 高速发展的背后，是一套高效协同的工作体系在支撑。虹口区成立由区发改委、区科经委、区生态环境 局组成的绿色低碳服务工作专班，随后区数据局、区工商联等相继加入，形成跨部门协同合力。 专班并非空转，一系列扎实举措接连推出：制定行动方案、发布工作要点、绘制产业图谱、出台专项政 策、设立专项资金、成立产业联盟、推出示范场景……一套"组合拳"下来，目标清晰——加快培育产业 新动能，着力打造千亿级产业。 引育壮大市场主体，释放企业绿色活力 产业集聚，企业是核心。 2025年以来，在"部门牵头、国企招商、街道营商"的招商机制下，虹口成立招引行动小组，形成专项行 动方案。1-11月，共招引落地项目357家，注册资金共约48.7亿元， ...

Core Insights - The national carbon market in 2025 is characterized by expansion, increased vitality, and structural optimization, with Shanghai leading in innovative practices such as carbon finance and quota allocation [1][2] Group 1: Market Expansion and Performance - The national carbon market has expanded its coverage to include the steel, cement, and aluminum industries as of March 2025, marking the first time these sectors are included [2] - Shanghai has achieved a 100% compliance rate in carbon quota submissions for 12 consecutive years, covering 28 industries including electricity, steel, and aviation [2] - By the end of November 2025, the total transaction volume in Shanghai's carbon market reached 2.66 billion tons, amounting to 5.611 billion yuan, ranking among the top in the nine local pilot carbon markets [2][3] Group 2: Market Mechanisms and Innovations - Shanghai has introduced a "power-carbon" collaborative mechanism and established incentives for pollution reduction, rewarding outstanding companies with 0.3% to 0.5% in free quota allocations [2] - The market has seen a steady growth in trading volume and improved market balance, with the price mechanism maturing amidst fluctuations [3] - Shanghai has launched a "carbon spot + carbon forward" linkage model and has engaged in practices such as carbon pledging, carbon repurchase, and carbon insurance [3] Group 3: Financial Services and Challenges - The entry of the steel industry into the national carbon market is expected to significantly impact pricing in both steel products and related financial products [4] - There is a gap between available carbon financial tools and the actual needs of enterprises, complicating financial business models like pledge financing [4] - Financial institutions are focusing on building capabilities in carbon emission measurement, scenario analysis, and strategic policy guidance to manage climate-related financial risks [5] Group 4: Future Directions and Policy Framework - Shanghai aims to enhance its carbon market into an internationally influential center for carbon trading, finance, pricing, and innovation by 2026-2030 [6] - The market is set to improve quota management and attract more non-compliance entities, while also enhancing regulatory frameworks [6] - Carbon financial innovation will proceed cautiously, prioritizing services before products and expanding coverage of carbon accounts to facilitate individual and corporate compliance [6]

Group 1 - The Ministry of Ecology and Environment emphasizes the need to strengthen tracking research on new technologies such as fusion [1] - The storage industry is experiencing a significant price increase, with contract prices from South Korean manufacturers expected to rise by 20%-30% [2] - Major cloud service providers are projected to increase capital expenditures to over $420 billion in 2025, driven by AI server demand and GPU procurement [3] Group 2 - UBS indicates that if the MSCI China Index drops to 74, it will attract strong buying interest from investors [4] - CITIC Securities continues to recommend the energy storage sector, highlighting the positive fundamentals of the lithium battery industry [5] - Shanghai has officially launched a high-end medical device cluster, aiming to significantly increase the number of approved medical devices by 2027 [6] Group 3 - China Unicom has officially opened a nationwide reservation channel for eSIM services, with over 60,000 reservations already made [7] - Shanghai has achieved 37 overseas licensing transactions for innovative drugs in the first eight months of this year, amounting to $18.8 billion [8] - The Shanghai Environment and Energy Exchange has launched the "CSI Shanghai Environment Exchange Green Transition Index" to guide capital towards green transformation [9] Group 4 - Future Intelligence has completed a Series A financing round led by Ant Group, marking its third investment round this year [10]

据上海环境能源交易所，为进一步丰富绿色指数体系，服务"绿色金融大文章"，上海环境能源交易所联 合上海证券交易所、中证指数有限公司，共同编制并发布"中证上海环交所绿色转型指数"。该指数系继 2022年三方联合推出"中证上海环交所碳中和指数"后，在绿色股票指数领域的又一重要产品，旨在进一 步引导资本投向绿色转型领域，为市场提供更丰富的投资标的与评价工具。中证上海环交所绿色转型指 数从传统产业、转型支持设备产业等绿色转型领域中，选取100只转型潜力较高、规模较大的上市公司 作为指数样本，反映绿色转型代表公司的整体表现。截至9月末，中证上海环交所绿色转型指数自基日 以来年化收益7.73%，年化波动率19.89，夏普比率0.39。 ...

每经AI快讯，10月11日，中证指数有限公司发布公告称，将于2025年10月13日正式发布中证上海环交 所绿色转型指数，为市场提供多样化业绩基准与投资标的。 ...

Core Insights - The Shanghai Financial "Five Major Articles" initiative aims to align with the strategic needs of high-quality economic and social development in Shanghai, focusing on financial supply-side structural reforms and enhancing the city's role as an international financial center [2][3] Group 1: Meeting Overview - The meeting was attended by key officials from the Shanghai government and the People's Bank of China, discussing the progress of the Shanghai Financial "Five Major Articles" initiative [1] - A total of 92 tasks and 275 specific projects have been established under the initiative, with a clear framework of four lists: target list, task list, project list, and responsibility list [1] Group 2: Financial Performance - As of August 2025, the loan balance for the "Five Major Articles" initiative is projected to reach 4.8 trillion yuan, representing a year-on-year growth of 13.7%, which is 6.6 percentage points higher than the overall loan growth rate [1] Group 3: Strategic Focus Areas - The initiative emphasizes the importance of supporting high-level technological self-reliance and innovation, leveraging platforms like the Sci-Tech Innovation Financial Reform Pilot Zone to enhance the synergy between Shanghai's international innovation and financial centers [2] - There is a strong focus on green and digital development, with plans to enhance Shanghai's role as an international green finance hub and to implement actions for building a global financial technology center [2] Group 4: Collaborative Efforts - The meeting called for enhanced collaboration among relevant units to deepen the development of the financial "Five Major Articles" initiative, including better integration of industry and finance [2] - It was emphasized that financial services should be more accessible to the real economy, with a focus on policy coordination and risk prevention to avoid systemic financial risks [2]