Core Viewpoint - Shanxi Securities is actively implementing the "Five Major Articles" strategy to enhance its service to the local economy, focusing on innovation and financial support for traditional industries and technology-driven enterprises [1][2]. Group 1: Organizational Structure and Strategy - Shanxi Securities has developed a three-year action plan regarding the "Five Major Articles," which includes top-level design and deep integration of business operations [2]. - A dedicated task force led by the chairman has been established to oversee the implementation of the strategy, ensuring comprehensive coordination of major decisions and resource allocation [4]. - The company has formed five major business committees and a technology governance committee to integrate the "Five Major Articles" requirements into daily operations, enhancing cross-departmental collaboration [4]. Group 2: Focus on Technology Finance - Technology finance is identified as a core area in the three-year action plan, with a comprehensive financial service matrix covering the entire lifecycle of technology enterprises [6]. - Shanxi Securities has established specialized teams in high-end manufacturing, healthcare, and renewable energy sectors to support technology enterprises, particularly those in critical technology fields [6][7]. - The company has implemented a collaborative model of "industrial investment banking + patient capital" to support early-stage enterprises with significant R&D investments, some exceeding 15% of their revenue [7]. Group 3: Green Finance Initiatives - Shanxi Securities is prioritizing green finance to support the dual carbon goals, creating a three-pronged service system that includes product innovation, full lifecycle services, and ecological collaboration [9][10]. - The company has developed innovative green financial products, such as the low-carbon transition-linked corporate bond for Yangcheng Guotou, which set a historical low interest rate for similar-rated bonds in Shanxi [9][10]. - Shanxi Securities has underwritten nearly 10 billion yuan in various green bonds, establishing a strong position in the green finance sector [10].

Core Viewpoint - Shanxi Securities is actively implementing the "Five Major Articles" strategy to support local economic development through a detailed three-year action plan aimed at transforming traditional industries and fostering new technological momentum [1][2]. Group 1: Organizational Structure and Strategy - Shanxi Securities has established a dedicated task force led by the chairman to efficiently advance the "Five Major Articles" strategy, involving senior executives and business department heads [2]. - The company has created a comprehensive three-year action plan (2025-2027) with 58 specific tasks, aiming to enhance financial services for technology enterprises and develop a diverse range of financial products [2][3]. Group 2: Focus on Technology Finance - Technology finance is identified as a core area in the three-year action plan, with a full lifecycle financial service matrix covering the needs of technology enterprises from startup to expansion [3]. - Shanxi Securities has a significant focus on early-stage companies, particularly in critical technology sectors, with some companies achieving breakthroughs in high-end manufacturing, healthcare, and new energy [3]. Group 3: Cross-Departmental Collaboration - The company has developed an integrated service mechanism for "New Third Board Listing + Beijing Stock Exchange IPO" and is enhancing cross-border financial services through collaboration with its Hong Kong subsidiary and Deutsche Bank [4]. - Shanxi Securities has established a working group to support the local economy, focusing on key industries and investment projects within Shanxi province [4]. Group 4: Green Finance Initiatives - Shanxi Securities and its subsidiary, Zhongde Securities, are prioritizing green finance as a key pathway to support the dual carbon goals, developing a comprehensive green finance service system [5][6]. - The company has successfully launched innovative green financial products, including the first low-carbon transition-linked corporate bond for an AA-rated enterprise in Shanxi, achieving a record low interest rate for similar bonds [6]. Group 5: Research and Development - Shanxi Securities has been publishing the "Carbon Neutrality Research Report Collection" for four consecutive years, providing intellectual support for achieving carbon neutrality goals in Shanxi and nationwide [7].

Policy Overview - The Ministry of Finance of China released the "Green Sovereign Bond Framework," promoting the issuance of green sovereign bonds in overseas markets, reflecting the country's commitment to sustainable development and enhancing the diversity of high-quality green bond products in the international market [3][4]. Green Bond Market Update - In the first half of 2025, China saw the issuance of 251 new green bonds, with a total issuance scale of approximately 4749.87 billion yuan, marking a 25.5% increase in the number of bonds and an 89.5% increase in issuance scale compared to the same period in 2024 [8][9]. - The structure of green bonds showed significant growth in financial bonds (+330%), medium-term notes (+53%), and short-term debt financing tools (+126%), indicating strong demand for long-term green infrastructure financing [9][10]. Transition Bonds - A total of 43 transition bonds were issued in the first half of 2025, with a new issuance scale of approximately 289.50 billion yuan, reflecting a 0.49% increase in the number of bonds but a 25.4% decrease in issuance scale compared to the previous year [37][42]. Case Studies - The first issuance of RMB green sovereign bonds by the Ministry of Finance in London amounted to 6 billion yuan, with a dual structure of 3-year and 5-year bonds, showcasing strong international investor confidence with a subscription rate of 6.9 times [26][27]. - Huaneng Lancangjiang issued "twin green bonds," marking the first application of the "Li Sheng Green Bond" model in the domestic interbank market, which aims to quantify the market performance differences between green and non-green bonds [30][31]. Sustainable Development Linked Bonds - In the first half of 2025, 27 sustainable development linked bonds were issued, with a total scale of 176.00 billion yuan, focusing on various key performance indicators related to energy efficiency and renewable energy development [45]. - The issuance of low-carbon transition linked corporate bonds totaled 13, with a scale of approximately 73.50 billion yuan, primarily concentrated in the power and energy sectors [46]. Issuer Information - State-owned enterprises dominated the green bond issuance in the first half of 2025, accounting for 86.85% of the number of bonds and 82.06% of the issuance scale, indicating a stable market foundation but highlighting the need for policy support to enhance participation from private enterprises [17][19].

证券日报网讯 8月11日晚间，泰达股份发布公告称，公司于2025年8月11日召开了第十一届董事会第二 十一次（临时）会议，审议通过了《关于接受关联方为公司发行债券提供无偿担保的议案》。公司拟非 公开发行不超过人民币20亿元（含20亿元）的低碳转型挂钩公司债券，期限拟不超过10年（含10年）。 为支持公司发展，提高公司债券发行成功率，公司关联方天津渤海国有资产经营管理有限公司（简 称"渤海国资"）拟为本次发行债券提供全额无条件不可撤销连带责任保证担保。公司不需要支付担保 费、手续费或其他对价。渤海国资为公司控股股东天津泰达投资控股有限公司的间接控股子公司，根据 有关规定，渤海国资为公司关联方，本次交易构成关联交易。 （文章来源：证券日报） ...

Core Viewpoint - The company Tianjin TEDA Resource Recycling Group Co., Ltd. has approved a proposal to accept a guarantee from its related party, Tianjin Bohai State-owned Assets Management Co., Ltd., for the issuance of bonds, which aims to enhance the success rate and reduce costs of the bond issuance [1] Group 1 - The company plans to privately issue bonds not exceeding 2 billion yuan with a term of up to 10 years, linked to low-carbon transformation [1] - Bohai State-owned Assets, as the indirect controlling subsidiary of the company's major shareholder, will provide an unconditional and irrevocable joint liability guarantee without any fees [1] - The total amount of related party transactions between the company and the related party has reached 16.24 million yuan since the beginning of 2025, which does not meet the disclosure standards [1]

证券代码：000652 证券简称：泰达股份 公告编号：2025-83 （1）现场会议召开时间：2025 年 7 月 30 日 14:30。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为 2025 年 7 月 30 日 9:15~9:25，9:30~11:30，13:00~15:00；通过深圳证券交易 所互联网投票系统进行网络投票的具体时间为 2025 年 7 月 30 日 9:15~15:00 的 任意时间。 滨海新区第二大街 62 号 MSD-B1 座 15 层 1503）。 券交易所股票上市规则》及《公司章程》等有关规定。 （二）会议出席情况 出席本次会议的股东及股东授权委托代表共 447 人，代表股份 517,207,679 股，占公司有表决权股份总数的 35.0513%。 出席本次现场会议的股东及股东授权委托代表共 1 人，代表股份 486,659,104 股，占公司有表决权股份总数的 32.9810%。 天津泰达资源循环集团股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 特别提示： 一、会议召开和出席情况 （ ...

证券代码：000652 证券简称：泰达股份 公告编号：2025-76 天津泰达股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 天津泰达股份有限公司（以下简称"公司"）于 2025 年 7 月 14 日召开第十 一届董事会第二十次（临时）会议，审议通过了《关于非公开发行低碳转型挂钩 公司债券的议案》。为优化债务期限结构，进一步推动公司绿色低碳转型发展， 结合公司的资金需求，公司拟发行不超过人民币 20 亿元（含 20 亿元）的低碳转 型挂钩公司债券，期限拟不超过 10 年（含 10 年）。现将有关具体内容公告如下： 一、关于公司符合非公开发行公司债券条件的说明 根据《中华人民共和国公司法》 （三）发行期限：本次债券的期限拟不超过 10 年（含 10 年），可以为单一 期限品种，也可以是多种期限的混合品种，可附发行人调整票面利率选择权和投 资者回售选择权。本次债券的具体品种及期限根据本次债券发行时市场情况确定。 （四）发行方式：面向专业投资者非公开发行。 （五）预设关键业绩指标和低碳转型绩效目标的选择：本次低碳转型挂钩债 券的关键绩效指标确定为公司所 ...