中新网香港12月31日电 香港金融管理局31日表示，2025年11月份香港认可机构存款总额按月上升 0.7%，其中港元存款及外币存款分别上升0.2%及1.1%。 12月31日，香港金融管理局表示，2025年11月份香港认可机构存款总额按月上升0.7%。图为香港金融 管理局。(资料图) 中新网记者 李志华 摄 另外，截至2025年11月30日，香港外汇基金总资产为41069亿港元，较上月底减少107亿港元，其中外币 资产减少99亿港元，港元资产减少8亿港元。 数据显示，由年初截至11月底计，存款总额及港元存款分别上升10.5%及3.4%。香港人民币存款于11月 份上升0.6%，为10020亿元人民币；跨境贸易结算的人民币汇款总额于11月份为10330亿元人民币，而 10月份为10066亿元人民币。 香港金融管理局表示，外币资产减少，主要是因为已购入但未结算证券的月底余额减少，但有关减幅因 发行数码绿色债券及人民币特区政府机构债券所得的款项、来自投资的利息收入及投资按市价重估而被 部分抵销。港元资产减少，主要是因为香港股票按市价重估。(完) ...

货币发行局账目显示，香港2025年11月底的货币基础为20,322亿港元，较2025年十月底增加55亿港元， 增幅为0.3%。货币基础增加，主要是由于未偿还外汇基金票据及债券的市值增加及负债证明书总额有 所上升。 智通财经APP获悉，12月31日，香港金融管理局(香港金管局)公布数据显示，截至2025年11月30日，香 港外汇基金总资产为41,069亿港元，较2025年10月底减少107亿港元，其中外币资产减少99亿港元，港 元资产减少8亿港元。 外币资产减少，主要是因为已购入但未结算证券的月底余额减少，但有关减幅因发行数码绿色债券及人 民币特区政府机构债券所得的款项、来自投资的利息收入及投资按市价重估而被部分抵销。港元资产减 少，主要是因为香港股票按市价重估。 2025年11月底的支持资产总额增加142亿港元至22,413亿港元，增幅为0.6%。支持资产增加，主要是因 为来自投资的利息收入及投资按市价重估。支持比率由2025年10月底的109.89%，上升至2025年11月底 的110.29%。 ...

证券研究报告 | 金融工程 2025 年 12 月 09 日 碳市场新增行业配额方案落地，国际政策分化下绿色金融保持活跃 ——ESG 动态跟踪月报（2025 年 11 月） 本报告重点关注 ESG 领域的监管动态、市场趋势与产品发行情况，系统梳理过去 一个月的重要信息，供投资者参考。 定期报告 相关报告 1、《欧盟 SFDR 2.0 解析：国 际 ESG 投资影响与中国市场启 示——ESG 热点洞察系列报告 之三》2025-11-30 2、《ESG 动态跟踪月报（2025 年 10 月）：宏观锚定加快全面 绿色转型，海外 ESG 信披监管 多方调整》2025-11-05 3、《ESG 动态跟踪月报（2025 年 9 月）：NDC 新目标锚定长 期转型，荷兰养老金战略调整 引关注》2025-10-09 4、《ESG 动态跟踪月报（2025 年 8 月）：全国碳市场纲领性 文件落地，国际气候金融监管 分化》2025-09-05 5、《ESG 动态跟踪月报（2025 年 7 月）：国内绿金标准升 级，海外气候金融热度不减》 2025-08-08 任瞳 S1090519080004 rentong@cmschina. ...

- The National Development and Reform Commission and the National Energy Administration jointly issued the "Guiding Opinions on Promoting the Consumption and Regulation of New Energy"[12] - The National Energy Administration issued the "Guiding Opinions on Promoting the Integrated Development of New Energy"[13] - Hong Kong successfully issued approximately HKD 10 billion worth of digital green bonds[14]

Group 1: Foreign Trade in Guangdong - Guangdong's foreign trade import and export value reached 7.8 trillion yuan in the first ten months of this year, reflecting a year-on-year growth of 3.7% and accounting for 20.9% of the national total [1] - Exports amounted to 4.98 trillion yuan, with a year-on-year increase of 1.7%, while imports were 2.82 trillion yuan, showing a growth of 7.5% [1] Group 2: Guangzhou Auto Show - The 23rd Guangzhou Auto Show will be held from November 21 to 30, covering an area of 220,000 square meters, featuring 93 new car launches and a total of 1,085 vehicles on display, including 629 new energy vehicles [2] - This event marks a significant milestone in China's transition from a major automotive nation to a strong automotive nation, showcasing the innovation capabilities of Guangzhou and the Greater Bay Area [2] Group 3: Digital Green Bonds in Hong Kong - The Hong Kong government successfully priced approximately 10 billion HKD worth of digital green bonds under its sustainable bond program, covering multiple currencies including HKD, RMB, USD, and EUR [3] - The issuance of this third batch of digital green bonds set a new record, indicating strong market support for tokenized products [3] Group 4: Robotics Headquarters in Guangzhou - The domestic autonomous driving solution provider, Sait Intelligent, inaugurated its new headquarters in the Guangzhou (Baiyun) Robotics Industrial Park, focusing on high-precision positioning navigation and machine vision technologies [4] - This new headquarters signifies a critical step in the company's industrial layout and highlights the positive outcomes of Guangzhou Baiyun District's strategy to promote industrial cluster development through investment [4] Group 5: Shenzhen Stock Market - The Shenzhen Component Index closed at 13,240.62 points, down 0.36% on November 12 [5] Group 6: Stock Performance - The top gainers in the Shenzhen market included Bohui Innovation at 7.20 yuan with a rise of 20.00%, Yiyigou at 35.11 yuan with a gain of 19.99%, and Kexiang Co. at 21.14 yuan with an increase of 19.98% [6] - The top decliners included Fangzhi Technology at 14.20 yuan, down 14.25%, Jingquan Hua at 30.03 yuan, down 10.01%, and Hengji Daxin at 8.37 yuan, down 10.00% [6]

Core Insights - The issuance of Hong Kong's HKD 10 billion multi-currency digital green bonds is a significant step towards mainstream adoption of Real World Assets (RWA) through blockchain technology [3][4] - The bond issuance was oversubscribed by more than 13 times, totaling over HKD 130 billion, and introduced innovative features such as tokenized central bank currency settlements [3][4] - The project aims to enhance liquidity and reduce investment barriers, allowing fractional ownership of assets like real estate and art, thus democratizing access to investment opportunities [4][7] Summary by Sections Bond Issuance Details - Issued amount: Approximately HKD 10 billion equivalent [4] - Currencies involved: HKD, RMB, USD, EUR [4] - Ratings: AA-/Aa3/AA+ (Fitch/Moody's/S&P) [4] - Settlement cycle: T+1 [4] - Purpose: Financing and refinancing projects under the Hong Kong government's Green Bond Framework [4] Technological Integration - The bonds were issued directly on the HSBC Orion platform, bypassing traditional custodial processes [3][4] - The integration of the CMU system with distributed ledger technology represents a seamless connection between traditional finance and blockchain [5][7] Market Impact and Future Outlook - The initiative addresses traditional asset liquidity issues and lowers investment thresholds from millions to thousands [4][7] - The transformation of RWAs is accelerating, with HSBC supporting the implementation of tokenized fiat currency settlements [5] - The vision of 24/7 global asset circulation is becoming more attainable, with the potential for urban green projects and collectibles to be traded in fractionalized formats [7]

Core Insights - The Hong Kong SAR government successfully priced approximately HKD 10 billion worth of digital green bonds under its sustainable bond program, covering multiple currencies including HKD, RMB, USD, and EUR [1][2] Summary by Categories Issuance Details - The issuance includes HKD 2.5 billion two-year bonds at 2.5%, RMB 2.5 billion five-year bonds at 1.9%, USD 300 million three-year bonds at 3.633%, and EUR 300 million four-year bonds at 2.512% [2] - The total issuance amount reached HKD 10 billion, with total subscriptions exceeding HKD 130 billion, marking it as the largest digital bond issuance globally to date [2][3] Innovation and Technology - The bonds incorporate digital currency in the settlement process, allowing for tokenized central bank currency options, which helps reduce settlement time, costs, and counterparty credit risk [2] - The issuance utilizes Digital Token Identifiers (DTIs) in compliance with the ISO 24165 standard, linking the bonds to global standards [2][3] Market Impact and Future Outlook - The issuance reflects strong market support for tokenized products and aims to enhance the interoperability between traditional capital markets and digital industries [3][4] - The Hong Kong government plans to regularize the issuance of tokenized bonds to establish a comprehensive benchmark and promote broader applications of digital finance [3][4] Regulatory and Legal Framework - The bonds are governed by Hong Kong law, with a settlement cycle of T+1, and are certified under the "Green and Sustainable Finance Certification Scheme" by the Hong Kong Quality Assurance Agency [6] - The issuance received ratings of AA-/Aa3/AA+ from Fitch, Moody's, and S&P, respectively, aligning with the issuer's long-term credit rating [6]