专题：新引擎新图景丨金融新启航 在即将开启的"十五五"时期，中国金融体系正站上新的历史关口。"加快建设金融强国"写入规划纲要， 大力发展金融"五篇大文章"，为新质生产力提供支撑、推动实体经济跃升。金融体系的发展重心正向更 高质量、更强韧性迈进。 在此背景下，新浪财经推出《金融新启航·新引擎新图景》专题系列，邀请金融业界专家和学者，围 绕"十五五"新周期下的金融变革展开前瞻性研讨。本期《金融新启航·新引擎新图景》对话上海交通大 学上海高级金融学院副院长、金融学讲席教授、可持续投资研究中心主任严弘。他指出，当前绿色科技 投资高度集中于一级市场，且主要依赖政府引导基金，市场化、长期资本参与不足，成为制约技术突破 和产业扩散的重要瓶颈。 "绿色科技的技术路径分散、单项技术体量有限，更需要具备产业理解力的耐心资本参与。"严弘表示， 相较于传统投资逻辑，金融机构必须提升专业判断能力，围绕真实应用场景进行长期布局。 他还提到，可借鉴国际经验显示，由产业主体主导的CVC模式更契合绿色科技发展需求。此外，借助 人工智能、区块链等技术手段可帮助提升数据可信度，减少"漂绿"空间，以推动绿色金融资源真正流向 企业绿色转型与技术创新。 ...

专题：2025中国可持续投资发展论坛 12月12日金融一线消息，2025中国可持续投资发展论坛今日召开，本次论坛的主题为"科技融合与可持 续发展新生态"。联合国开发计划署可持续发展影响力投资全球指导委员会委员、招商银行原行长马蔚 华出席论坛，并发表"以气候融资助力气候科技发展构建可持续发展新生态"为主题的演讲。 马蔚华指出，2015年联合国通过的《2030可持续发展议程》推进成效不及预期，超半数项目停滞，18% 的项目出现倒退，预计到2030年完成率不足20%。这一困境的核心症结在于日益严峻的气候危机。 他表示，面对全球气候挑战，中国积极践行"3060双碳"承诺，取得了一系列亮眼成果。截至2025年10 月，绿色债券规模近4万亿元，均位居全球前列；可再生能源装机占比达60%，建成全球最大碳市场。 在2025年新的国家自主贡献（NDC）目标中，中国进一步承诺，2035年在2030年碳达峰基础上，全经 济领域净碳排放减少7%-10%，这一目标对气候科技创新提出了更高要求。 马蔚华强调，"双碳"目标本质上是一场前所未有的科技革命和广泛深入的社会变革，攻克气候难题的核 心在于气候科技。气候科技是联合国气候变化框架公约 ...

Core Insights - The "Photovoltaic + Desertification Control" model in China is gaining global attention as a transformative approach to ecological governance and energy transition, showcasing how solar technology can effectively combat desertification while generating energy [1][4] Group 1: Photovoltaic Technology and Desertification Control - The construction of a 400-kilometer-long "Photovoltaic Great Wall" in the Kubuqi Desert is aimed at transforming the desert into a fertile area, highlighting the innovative use of solar panels for both energy production and ecological protection [1] - Traditional desertification control methods, such as afforestation, face challenges like high costs, long timeframes, and low effectiveness, making them less sustainable [1][2] - The "Photovoltaic +" model offers a revolutionary solution by integrating solar panel installation with sand fixation, thus creating a sustainable economic model that supports ecological restoration [1][3] Group 2: Economic Benefits and Sustainability - The development of photovoltaic power stations in desert areas not only addresses energy needs but also enhances local economies by creating a sustainable cycle of "using electricity to support sand control and using sand to generate electricity" [3] - The "under-panel economy" promotes local agricultural activities, such as growing forage and medicinal plants, which can be processed into value-added products, thereby improving economic conditions in arid regions [3] - The Chinese government aims to add 253 million kilowatts of photovoltaic capacity and rehabilitate 10.1 million acres of desertified land by 2030, positioning photovoltaic desertification control as a key strategy for climate change mitigation and energy security [3] Group 3: Global Implications and Future Prospects - The Chinese photovoltaic desertification control model serves as a valuable reference for regions facing both desertification and energy shortages, addressing ecological, energy, and economic challenges simultaneously [4] - The integration of photovoltaic technology with hydrogen production and energy storage is expected to further enhance the potential of desert areas as energy and economic hubs [4]

Core Insights - The article highlights the efforts of the Zhejiang Provincial Council for the Promotion of International Trade in facilitating international trade and investment opportunities through the "Zhejiang行" initiative, which has successfully connected local businesses with foreign buyers and markets [1][6]. Group 1: Event Overview - The "Zhejiang行" initiative has organized 19 events over five years, attracting over 400 foreign guests from more than 60 countries and regions, resulting in 1300 precise business matches [1][6]. - The recent cross-border procurement meeting in Jiaxing, aimed at connecting local manufacturers with Middle Eastern buyers, featured nearly 60 Middle Eastern purchasing companies [1]. Group 2: Economic Opportunities - The initiative has shifted from individual companies exporting products to a collective approach where entire industrial chains collaborate to enter foreign markets [1]. - The program has successfully showcased the potential of Zhejiang's county-level economies, leading to increased foreign interest and investment opportunities [2]. Group 3: Cultural and Economic Exchange - The "Zhejiang行" initiative emphasizes the importance of cultural exchange alongside economic discussions, as seen in the interactions between Zhejiang enterprises and Latin American diplomats [3]. - The initiative has facilitated eight cooperation intentions in various sectors, including agricultural imports and machinery exports, during a recent event with Latin American representatives [3]. Group 4: Support Systems for Businesses - The Zhejiang Provincial Council has established a "three-network" support system, including an overseas liaison network, grassroots coordination network, and enterprise service network, to assist businesses in navigating international markets [4][5]. - This support system has proven effective in resolving international trade disputes, as demonstrated by a case involving a Shenzhen lighting company that faced issues with EU standards [5]. Group 5: Future Prospects - The Zhejiang Provincial Council aims to continue expanding its international trade network, enhancing the visibility of Zhejiang enterprises on the global stage [6]. - The initiative is expected to further strengthen connections between local businesses and international markets, promoting the export of "Chinese intelligence" and products [6].

Core Insights - The 2025 World Manufacturing Conference was held in Hefei, Anhui from September 20 to 23, showcasing the province's transformation from a traditional agricultural base to a new industrial powerhouse [1][2] - The conference gathered over 40 countries' officials, entrepreneurs, and scholars to discuss the latest achievements in technology and industry transformation, exploring new trends and opportunities for high-quality development in global manufacturing [1][2] - Slovakia was the guest country at this year's conference, highlighting its industrial similarities with Anhui, particularly in the automotive and machinery sectors [2] Group 1 - The conference emphasized the importance of openness, innovation, and deep cooperation as key success factors for industrial development, as noted by Christian Wulff, honorary chairman of the Global SME Alliance [1] - High-end, intelligent, and green manufacturing are identified as essential pathways for China's manufacturing industry to achieve high-quality development, according to Zhou Ji, an academician of the Chinese Academy of Engineering [2] - The conference had over 50% of attendees as foreign guests, reflecting China's increasing openness to global collaboration [2] Group 2 - Digitalization is transforming the relationship between companies, turning them into innovative partners rather than mere buyers and sellers, as stated by Christoph Ahlhaus, president of the German Federal Association of Small and Medium-Sized Enterprises [3] - Chery Group's chairman, Yin Tongyue, shared insights on the importance of localization for successful international expansion, emphasizing sustainable development and deep collaboration with local enterprises [3] - The conference highlighted not only technological empowerment and industrial connectivity but also Anhui's commitment to promoting cooperation and driving future innovation through openness [3]

Core Viewpoint - The joint statement by LONGi Green Energy and Jinko Solar marks a significant shift in the photovoltaic industry from price-driven competition to a technology-driven high-quality development phase, promoting innovation and sustainable growth [1][3][11]. Summary by Sections Patent Settlement Announcement - LONGi Green Energy and Jinko Solar announced on September 19, 2025, that they have reached a settlement agreement regarding ongoing patent disputes and related legal matters worldwide [5][13]. - The agreement includes the termination of all ongoing patent-related legal proceedings globally and a commercial arrangement for cross-licensing selected core patents owned by each party [6][14]. Industry Transition - The photovoltaic industry is gradually shifting from price-driven competition to high-quality growth fueled by technological innovation, with both companies emphasizing the importance of continuous R&D investment and global intellectual property development [3][12]. - As leading enterprises in the photovoltaic sector, both companies have consistently placed technological and product innovation at the core of their strategies, demonstrating a long-term commitment to innovation and intellectual property protection [4][12]. Future Implications - The settlement and patent licensing reflect both companies' commitment to respecting intellectual property and pursuing win-win cooperation, setting a benchmark for sustainable IP partnerships in the solar industry [6][7]. - The collaboration is expected to encourage greater investment in R&D across the photovoltaic sector, fostering a virtuous cycle of competition and building a healthy intellectual property ecosystem that supports sustainable industry growth [7][6].

Core Insights - Hangzhou High-tech Zone (Binjiang) is focusing on marine technology innovation and industrial integration to develop a new model for the marine economy in the Yangtze River Delta [1][3] - The region is leveraging its historical connection to the sea through the Qiantang River estuary to enhance its marine technology capabilities despite not being directly coastal [1][2] - The establishment of the Zhejiang Marine Technology Innovation Industrial Park (Binjiang) in December 2024 aims to position the area as a core hub for marine technology innovation in Zhejiang Province [3][4] Industry Development - The region has seen the emergence of leading companies in marine digital economy, clean energy, and equipment manufacturing, with notable projects like Lin Dong New Energy's tidal energy power station and Hikvision's smart algorithms for marine environment monitoring [1] - The integration of digital technology with marine applications is creating a unique innovation network that goes beyond traditional industry replication [2] - The focus on dual-track hard technology transformation engines, targeting both "new energy+" and "marine+" sectors, aligns with national goals for carbon neutrality and marine power [3] Strategic Initiatives - The strategic deployment to "strengthen maritime capabilities" is aimed at overcoming spatial constraints and achieving a leap in development levels [3] - Partnerships with top research institutions and the signing of agreements for incubators in new energy and marine energy sectors are part of the broader strategy to foster innovation [3][4] - The region's unique position allows it to integrate digital technology solutions with global port resources, creating a "digital + port" dual-driven model [3]

Core Viewpoint - The future cooperation path for the environmental protection industry is emphasized as "going out and bringing in," focusing on technology, equipment materials, and talent [1] Group 1: International Cooperation - The Chinese environmental protection industry has developed the capability to "go out" with advanced technologies and materials, particularly in the context of the "dual carbon" strategy [1] - The industry aims to strengthen international cooperation to share advanced technologies and materials for pollution reduction and carbon neutrality globally [1] Group 2: Technological Advancements - China leads in nuclear power technology globally and has advanced photovoltaic and wind power technologies that are both cost-effective and energy-saving [1] - The country possesses a strong reserve of technology and talent, providing a competitive advantage for international collaboration [1] Group 3: Global Consensus - The reduction of pollution and carbon emissions, as well as addressing climate change, is recognized as a global consensus rather than the responsibility of a single country or region [1] - There is a call for coordinated sharing of global technologies to accelerate innovation in energy-saving and emission reduction [1]

Group 1 - Jeffrey Sachs emphasizes that China is providing a new solution for global sustainable development, distinct from the long-dominant Western paradigm [3][6] - The Guangdong-Hong Kong-Macao Greater Bay Area is emerging as a more pragmatic and inclusive innovation engine compared to Silicon Valley, paving the way for sustainable development for 85% of the world's population outside the West [3][6] - Sachs predicts a significant reduction in the dominance of the US dollar within the next decade, with a new multi-currency order accelerating [3][18] Group 2 - The Greater Bay Area is expected to become a core engine for China's export growth, with previously marginalized regions looking to China as a key provider of technology and solutions for sustainable development [8][9] - Sachs highlights China's role as the largest industrial nation and a major supplier of advanced green and digital technologies, which is crucial for leading inclusive and equitable sustainable development [8][9] - The recent advancements in the Greater Bay Area's tech sector, including the establishment of numerous innovative enterprises, underscore its growing significance in the global innovation landscape [10][12] Group 3 - Hong Kong's unique advantages under the "one country, two systems" framework position it as a key financial hub capable of addressing the financing needs of developing economies [18][19] - The implementation of the stablecoin regulation in Hong Kong marks a significant step in the global regulatory landscape, positioning the region as a leader in digital asset regulation [19] - Sachs views the Belt and Road Initiative as a highly strategic diplomatic approach to sustainable development, which has evolved significantly over the past decade [18][23] Group 4 - The US's erratic trade policies and withdrawal from international agreements reflect a trend of self-isolation, which could impact global cooperation [22][23] - Sachs argues that China is becoming a pillar of multilateralism, gaining international recognition through its effective practices in sustainable development and financial innovation [23]

Group 1 - Jeffrey Sachs emphasizes that China is providing a new paradigm for global sustainable development, distinct from the long-dominant Western model [3][6] - The Guangdong-Hong Kong-Macao Greater Bay Area is emerging as a more pragmatic and inclusive innovation engine compared to Silicon Valley, potentially paving the way for sustainable development for 85% of the world's population outside the West [3][6] - Sachs predicts a significant reduction in the dominance of the US dollar within the next decade, with a new multi-currency order accelerating, supported by Hong Kong's exploration of stablecoin regulation and China's push for RMB internationalization [3][18] Group 2 - The Greater Bay Area is expected to become a core engine for China's export growth, with previously marginalized regions looking to China as a key provider of technology and solutions for sustainable development [8][17] - Sachs regards China as the world's largest industrial nation and a major supplier of advanced green and digital technologies, highlighting its role in leading inclusive and equitable sustainable development [8][17] - The recent advancements in automation and technology in Chinese manufacturing, exemplified by Longi Green Energy's smart factory, showcase China's robust industrial foundation and technological prowess [8][17] Group 3 - The increasing connectivity between Hong Kong and Shenzhen is seen as a significant advantage for Hong Kong, allowing it to fulfill a larger mission in providing financial solutions to developing regions [17] - Sachs praises the Belt and Road Initiative as a highly strategic and green diplomatic strategy that aligns with the global demand for comprehensive financial solutions [18][20] - The implementation of the stablecoin regulation in Hong Kong marks a significant step in establishing a regulatory framework for digital assets, positioning Hong Kong as a leader in financial innovation [18][20] Group 4 - Sachs critiques the US's inconsistent trade policies and its tendency to withdraw from international agreements, suggesting that this self-isolationism is detrimental to global cooperation [19] - He calls for global support for multilateralism within the UN framework, urging countries to adapt to the new normal of US absence in international affairs [19] - Sachs concludes that China's role as a pillar of multilateralism is a historical inevitability, as it gains international recognition through effective practices in sustainable development and financial innovation [20]