Core Viewpoint - The article emphasizes the importance of ecological civilization construction in Jiangsu Province, highlighting the commitment to prioritize ecological protection while achieving high-quality economic development [1][2]. Group 1: Ecological Civilization Construction - Jiangsu has integrated ecological civilization construction as a major political task and a livelihood project, exploring paths for high-quality development and ecological protection [1][2]. - The province has established a legal framework for ecological civilization, including local regulations such as the "Jiangsu Provincial Ecological Environment Monitoring Regulations" and "Jiangsu Provincial Biodiversity Protection Regulations" [2]. Group 2: Spatial Layout and Function Optimization - Jiangsu is focusing on creating ecological protection spaces by delineating ecological red lines and promoting urban-rural integration [3]. - The province aims to develop distinctive ecological spaces, such as the "Green Ecological Corridor" along the Yangtze River and various ecological barriers across different regions [3]. Group 3: Government and Market Coordination - Over the past decade, Jiangsu has invested more than 380 billion yuan in ecological protection, while also innovating green financial products to enhance market participation [4]. - The province is leveraging traditional ecological wisdom in modern governance, creating educational landmarks for ecological culture [4]. Group 4: Key Strategic Focus Areas - Jiangsu is exploring pathways for realizing the value of ecological products through mechanisms like the ecosystem production value (GEP) accounting system [5]. - The province has established cross-regional ecological compensation mechanisms to improve water quality in the Yangtze River Delta [6]. Group 5: Industry Transformation and Innovation - Jiangsu has shut down over 5,000 chemical enterprises and reduced the number of chemical parks, significantly improving environmental governance in the industry [6]. - The province is fostering new industries, with high-tech industry output exceeding 50% of the industrial total for the first time in 2024, and maintaining the highest manufacturing quality development index in the country for five consecutive years [6]. Group 6: Public Participation Mechanisms - Jiangsu has introduced innovative governance models to enhance public participation in ecological protection, leading to a continuous decline in environmental complaints over seven years [7]. - Initiatives like the "Carbon Benefit" platform and "Ecological Savings Book" encourage the public to adopt green lifestyles [7].

Core Viewpoint - Nanjing Bank is actively supporting the construction of "waste-free cities" through various green financial initiatives, including project loans and innovative financial products aimed at environmental protection and resource utilization [1][2][5]. Group 1: Project Financing - Nanjing Bank issued a project loan of 38 million yuan to a certain environmental company in Jiangsu to support the comprehensive utilization of phosphorous slag, ensuring safe disposal and reducing environmental pollution [1]. - The bank provided a credit facility of 200 million yuan to a recycling company for a waste metal crushing project, enabling the processing of 300,000 tons of waste metals annually, thereby significantly reducing environmental pollution and energy consumption [2]. - A credit of 100 million yuan was granted for a construction waste resource utilization project, which processes over 1.8 million tons of construction waste annually, creating nearly 80 jobs and alleviating environmental issues [2]. Group 2: Green Financial Products - Nanjing Bank has developed a range of innovative green financial products, including "solid waste loans," "environmental protection loans," and "circular economy loans," to support the "waste-free city" initiative [3]. - The bank has issued 40 environmental protection loans totaling nearly 300 million yuan, ranking among the top in collaborative banks, to support ecological and environmental industry development [3]. - An environmental company received a loan of 10 million yuan through the bank's environmental protection loan product, which helped the company convert hazardous waste into valuable resources, achieving both economic and social benefits [3]. Group 3: Green Debt Financing - As of June, Nanjing Bank has issued nearly 20 billion yuan in green debt financing tools, focusing on energy structure optimization, ecological protection, and green infrastructure upgrades [4]. - The bank has pioneered several green financial instruments, including the first public green asset-backed notes and carbon-neutral asset-backed commercial notes in the country, continuously expanding its green debt financing tool scale [4]. Group 4: Strategic Collaborations - Nanjing Bank signed a strategic cooperation agreement with the Jiangsu Provincial Department of Ecology and Environment in 2022 to support the comprehensive financial service plan for "waste-free cities" [5]. - The bank has been collaborating with local governments, enterprises, and research institutions to enhance the "government-bank-enterprise" cooperation model, further developing the "waste-free city" ecosystem [5]. - The bank aims to strengthen green credit issuance and innovate financial service models to allocate more resources to key areas of green low-carbon transformation and "waste-free city" construction [5].

Core Insights - The "Sustainable Finance Asia-Pacific Roundtable" organized by UNEP FI will be held in Suzhou on June 19-20, 2025, focusing on sustainable finance development in the Asia-Pacific region [1] - Jiangsu Bank, as a representative of the UNEP FI Banking Council for East Asia, participated in the conference and emphasized the importance of sustainable finance in addressing climate change and ecological crises [2] Group 1: Sustainable Finance Development - The development of sustainable finance has become a global consensus, with China aligning its financial strategy with the UN Sustainable Development Goals and the Principles for Responsible Banking (PRB) [2] - As of now, 29 Chinese banks have signed the PRB, representing 30% of the total assets of all PRB signatories globally, showcasing the commitment of the Chinese financial sector [2] Group 2: Jiangsu Bank's Initiatives - Jiangsu Bank has established a sustainable finance development system driven by ESG and PRB, focusing on five pillars: specialized operations, refined risk control, low-carbon operations, professional research, and systematic information disclosure [3] - The bank has optimized its green financial product offerings, achieving a green financing scale exceeding 650 billion yuan, and has introduced innovative products such as "ESG Low Emission Loans" and "Green Factory Loans" [3] Group 3: Future Directions - Jiangsu Bank aims to deepen its responsible banking initiatives and provide high-quality financial services for the green and low-carbon transition, collaborating with global partners to create a harmonious relationship between humanity and nature [3]

Core Viewpoint - Jiangsu Bank has released its 2024 Green Finance Development Report, showcasing its commitment to green finance and sustainable development, marking the fourth consecutive year of such disclosures [1] Group 1: Strategic Development - Jiangsu Bank is constructing a strategic system led by PRB and ESG, aligning its operations with the United Nations Sustainable Development Goals (SDGs) and the Paris Agreement [2] - The bank has been recognized for its achievements in green low-carbon development, receiving an excellent rating from Jiangsu Province's banking sector [2] - By the end of 2024, Jiangsu Bank's Wind ESG rating improved to A, ranking among the top listed banks, while its MSCI ESG rating rose to BBB, the highest among domestic city commercial banks [2] Group 2: Business Innovation - Jiangsu Bank is enhancing its "green+" operational strategy, developing a sustainable financial service system that includes twelve business segments [3] - The bank has launched innovative products such as "Green Factory Loan," "Environmental Fund Loan," and "Green Power Loan," and has completed significant projects like the world's first gravity energy storage project [3] - As of the end of 2024, the bank's green investment and financing scale reached 550.9 billion yuan, a 22.4% increase year-on-year, with green loan balances at 363.5 billion yuan, representing 17.3% of total loans, up 26.7% from the previous year [3] Group 3: Research and Standards - Jiangsu Bank aims to establish the "Su Yin Green Research" brand, focusing on building a green finance research system [4] - The bank has organized seminars on various industries and is involved in research on transition finance, biodiversity finance, and ESG information disclosure, producing multiple industry standards [4] Group 4: Responsible Banking Practices - As a representative in the UNEP FI Banking Council, Jiangsu Bank promotes responsible banking practices in the East Asia region and engages in international exchanges on climate financing [5] - The bank has signed a cooperation agreement with UNEP FI to enhance sustainable finance capabilities within the domestic banking sector [6] Group 5: ESG Risk Management - Jiangsu Bank is expanding its ESG risk management framework, establishing clear guidelines for identifying and managing ESG risks across its operations [7] - The bank has integrated climate risk management into its overall risk management strategy, conducting stress tests and utilizing quantitative indicators to assess potential impacts on credit assets [7]

Core Viewpoint - In 2024, Jiangsu Bank demonstrated robust performance amidst challenges such as declining interest rates and narrowing spreads, achieving significant growth in revenue and net profit while maintaining strong asset quality and risk management capabilities [1][2][3]. Financial Performance - Jiangsu Bank reported total assets of 3.95 trillion yuan, a year-on-year increase of 16.12% [2] - The bank's total revenue reached 80.815 billion yuan, up 8.78% year-on-year, with a net profit attributable to shareholders of 31.843 billion yuan, reflecting a 10.76% increase [2] - The annualized return on equity (ROE) was 13.59%, and the annualized return on assets (ROA) was 0.91%, placing the bank in the top tier of the industry [2] Revenue Structure - The bank's net interest income was 55.957 billion yuan, a 6.29% increase, accounting for 69% of total revenue [3] - Non-interest income reached 24.858 billion yuan, growing by 14.83%, indicating successful transformation towards light capital operations [3] - Despite industry-wide pressures, Jiangsu Bank maintained a net interest margin of 1.86%, which, although down 12 basis points from the previous year, remained above the industry average [3] Support for the Real Economy - Jiangsu Bank plays a crucial role in supporting the local economy, particularly in technology finance, with a technology loan balance of 232.6 billion yuan, growing by 22.8% [4] - The bank has established a service base for corporate listings and optimized its service system for technology enterprises [4] Green Finance Initiatives - The bank has developed a leading green finance brand, with green financing reaching 550.9 billion yuan, a 22.4% increase [5] - Jiangsu Bank has introduced various green financial products and actively participates in ESG development initiatives [5] Retail Banking and Wealth Management - Jiangsu Bank's retail assets under management (AUM) exceeded 1.42 trillion yuan, maintaining the top position among city commercial banks [7] - The bank's retail deposit balance grew by 16.21% to 822.9 billion yuan, while retail loans increased by 3.40% to 674.8 billion yuan [7] Risk Management - The non-performing loan (NPL) ratio decreased to 0.89%, the lowest since the bank's listing, with a provision coverage ratio of 350.10%, significantly above the industry average [9] - The bank has implemented a comprehensive risk management system to enhance its risk control capabilities [9][10] Market Performance - Jiangsu Bank's stock price rose by over 56% in 2024, closing at 9.82 yuan per share, with a total market capitalization exceeding 180 billion yuan, ranking first among city commercial banks [13][14] - The bank has maintained a cash dividend payout ratio of 30%, distributing 9.554 billion yuan in cash dividends for 2024 [14]