在7月4日举行的2025绿金委年会暨绿色金融改革创新交流会上，中国金融学会绿色金融专业委员会副秘 书长、中央财经大学绿色金融国际研究院院长王遥表示，"价格发现是绿色金融的重要功能之一，如何 为碳排放进行合理定价并纳入金融体系的决策过程中，是其中的核心问题。在这个过程中，碳市场的机 制建设对于碳价形成至关重要，被认为是助力碳减排目标实现及降低减排成本的有效手段。" 那么，我国碳市场取得了哪些最新进展？业界最关心哪些话题？呼吁已久的碳金融又将如何发挥作用？ 来自业界、学界的专家们都在积极回应相关问题。 碳市场有序扩容 在全国碳市场即将迎来四周年之际，许多呼吁已久的变化迎来了宝贵的机遇期。 7月16日，全国碳排放权交易市场（以下简称"全国碳市场"）正式启动上线交易将满四周年。截至2025 年7月11日，全国碳市场减排成效逐步显现，累计成交额超462亿元人民币，当日均价超74元/吨。 四年发展，成绩斐然。在全国碳市场运行四周年的节点上，我们看到了一个整体运行平稳、制度逐步健 全，且多方面迎来积极突破的市场体系。在政策开路、碳交易体系成型的背景下，全国碳市场正向着完 善与成熟逐步迈进。 进一步优化碳核算和碳披露机制 更 ...

《管理办法》将于2025年9月1日起正式施行。此次《管理办法》的出台，将进一步推动碳普惠机制从试 点探索向规范化、纵深化发展，明确规范各环节，完善激励与监督机制，为低碳治理体系提供制度支 撑。 《管理办法》明确，在低碳出行、能源资源循环利用、分布式新能源和可再生能源利用等多个领域，符 合条件的减碳行为将依据相关技术规范核算碳减排量，并通过碳排放权交易、商业模式创新、绿色金融 等方式获得价值激励。 碳普惠是一种创新机制，对个人、家庭、社区及小微企业(机构)的自愿减碳行为进行具体量化并赋予一 定价值。自2020年开始，北京市以低碳出行场景为切入点，积极探索实施碳普惠机制。在北京，乘坐公 交地铁、骑共享单车等日常绿色出行行为就能转化为"碳资产"，通过量化绿色行为减排量并提供激励。 北京已发布《北京市低碳出行碳减排方法学(试行)》等3个交通领域碳普惠方法学，支持开展了5个碳普 惠项目。目前，高德软件有限公司、北京百度网讯科技有限公司、北京桔行科技有限公司分别参与 了"低碳出行"项目，中和新兴(北京)能源科技研究院有限公司、中都物流有限公司分别参与了"氢燃料电 池汽车"项目。 其中3个公众参与的"低碳出行"项目参与人数 ...

智通财经APP获悉，国际知名检验检测企业–中国力鸿检验控股有限公司(力鸿检验或公司，连同其附属 公司统称'集团')欣然宣布，力鸿检验(01586)荣获北京绿色交易所2024年度最佳交易奖。 力鸿检验始终秉承"长期主义"的可持续发展理念，积极践行企业责任，推动产业发展绿色转型。此次获 得北京绿色交易所最佳交易奖充分体现了北京绿色交易所对本集团碳市场的丰富实践及品牌公信力的高 度认可。未来，力鸿检验将持续深入贯彻中央金融工作会议精神，继续发挥在绿色低碳方面的优势，携 手北京绿色交易所，为实现国家绿色低碳高质量发展添砖加瓦。 碳市场是利用市场机制积极应对气候变化、加快经济社会发展全面绿色低碳转型的重要政策工具。作为 北京绿色交易所会员(成员)单位，力鸿检验积极支持全国温室气体自愿减排(CCER)交易市场建设与北京 地方碳市场建设，致力于提高碳市场的创新活力。作为北京碳市场重要碳资产交易商之一，力鸿检验与 头部客户合作碳资产交易规模逐步扩大，帮助越来越多客户低成本完成年度履约工作。 北京绿色交易所，作为生态环境部授权的全国温室气体自愿减排(CCER)交易系统运行和管理机构、北 京市政府指定的北京市碳排放权试点交易平台 ...

Core Insights - The event focused on "green innovation" as a means to empower the resilience of small and micro enterprises (SMEs) in the context of sustainable development and climate change [1][5] - SMEs are recognized as a crucial engine for employment and innovation, contributing over 50% of global GDP and accounting for more than 90% of all enterprises worldwide [1][2] - The challenges faced by SMEs include limited financing channels, inadequate infrastructure, and the impacts of climate change [1][2] Group 1: Green Innovation and SMEs - Green innovation is becoming a key factor for the transformation of SMEs, which are essential for inclusive and sustainable development [1][5] - SMEs contribute over 50% of tax revenue, 60% of GDP, 70% of technological innovation, and 80% of urban employment in China [2] - Experts emphasize the need for policy support and innovative financial services to facilitate the green transition of SMEs [2][5] Group 2: Financial Empowerment - Financial technology companies are emerging as important players in supporting the green transition of SMEs by reducing financing costs through innovative solutions [2][3] - In 2024, a financial technology company provided 695 million yuan in loans to users engaged in green and renewable energy sectors, helping SMEs convert ecological benefits into market advantages [2] - Financial institutions are encouraged to enhance risk management and product innovation to better serve the unique needs of SMEs [3][4] Group 3: Policy and Collaborative Efforts - The establishment of specialized green finance departments by banks aims to provide inclusive financial products tailored for SMEs [4] - Social organizations are also playing a role in empowering SMEs in remote areas through funding, education, and platform integration [4] - The event served as a valuable platform for dialogue, highlighting the importance of collaboration among various stakeholders to support the green transformation of SMEs [5]

Core Viewpoint - The carbon-inclusive mechanism is becoming an essential tool for public participation in carbon reduction, integrating into daily life and promoting a nationwide low-carbon lifestyle in China [1][2][6]. Group 1: Policy and Implementation - 27 provinces in China are actively promoting the carbon-inclusive mechanism as a key strategy for public carbon reduction, with related policies being issued [2][6]. - The carbon-inclusive mechanism quantifies the carbon reduction efforts of individuals, communities, and small enterprises, allowing them to offset their carbon emissions or participate in carbon trading [2][3]. - The mechanism is part of the broader "dual carbon" action and Beautiful China policy, with significant engagement from local governments [2][4]. Group 2: Innovative Practices - Various innovative practices are being implemented to enhance public participation, such as linking carbon credits to public transport and tourism in Harbin, which has achieved a daily carbon reduction of 764 tons [2][3]. - The "I donate 1kg of carbon for the Winter Olympics" initiative has successfully raised nearly 100,000 tons of carbon reduction through inter-city recognition of reduction efforts [2][3]. - Alipay's carbon-inclusive business has engaged 200 million participants in green travel and cultural consumption activities, demonstrating the potential for large-scale public involvement [3][4]. Group 3: Market Potential and Challenges - The carbon-inclusive mechanism shows significant market potential, but challenges remain in enhancing public awareness and participation in low-carbon behaviors [5][6]. - A report highlights the need for a well-structured policy framework to support the carbon-inclusive mechanism, emphasizing the importance of cross-departmental collaboration [6][7]. - The report suggests establishing an independent "carbon-inclusive market" to better facilitate the connection and economic benefits of the carbon-inclusive mechanism [8]. Group 4: Impact on Public Behavior - The carbon-inclusive platform has significantly increased the frequency and volume of carbon reduction actions among users, with "intervened users" reducing carbon emissions 2.58 times more than non-intervened users [7]. - Survey results indicate that 100% of respondents find the measurement features of the carbon-inclusive platform important for their low-carbon lifestyle [7]. - There is a positive correlation between income levels and participation in carbon reduction activities, with each 1 yuan increase in income leading to an increase in the number of participants and reduction actions [7].

Core Points - Shenzhen is promoting low-carbon development through various public education activities, emphasizing the theme "Carbon Road Pioneer, Green Future" on the 13th National Low Carbon Day [1][2] - The event aims to advocate for green and low-carbon lifestyles, with participation from government, enterprises, and social organizations [2][3] - Shenzhen has integrated low-carbon concepts into urban development, achieving significant results and positioning itself as a national leader in green development [2][3] Group 1: Event Overview - The launch ceremony for the Shenzhen Low Carbon Day was held at the Shenzhen Trading Group headquarters, featuring various stakeholders including government officials and representatives from financial institutions [2] - The event included the release of the "Shenzhen Climate Change White Paper (2024)" and showcased the city's achievements in combating climate change [3][4] Group 2: Activities and Engagement - A series of activities were organized to engage the public, including a seminar at Shenzhen Polytechnic University focusing on carbon neutrality and creative initiatives [5] - The Shenzhen Carbon Market organized visits to exemplary low-carbon enterprises to inspire corporate participation in low-carbon actions [6] - Climate science public awareness campaigns were conducted in communities, featuring documentary screenings and expert talks to promote low-carbon living [7][9] Group 3: Policy and Innovation - The white paper outlines strategies for mitigating and adapting to climate change, enhancing policy frameworks, and showcasing innovative practices unique to Shenzhen [4] - The launch of carbon asset loss insurance products aims to provide risk protection for carbon reduction projects, supporting financial innovation in the carbon market [4] Group 4: Community Involvement - Various community events were held to educate residents on low-carbon practices, including interactive exhibitions and workshops [9][12] - Schools participated in low-carbon education initiatives, fostering awareness among students about carbon footprints and sustainable practices [14]

截至2025年一季报，共有19家机构持仓国网英大，其中基金10家、其他9家，合计持股数473860.08万 股，持股市值239.30亿元。 国网英大股份有限公司主要从事"金融+制造"双主业，涵盖信托,证券,期货,保理,碳资产,电力装备。 最新一期业绩显示，2025年一季报，公司实现营业收入22.18亿元，同比8.65%；净利润6.04亿元，同比 45.22%，销售毛利率13.45%。 6月24日，国网英大今日收盘5.03元，上涨2.44%，滚动市盈率PE（当前股价与前四季度每股收益总和的 比值）达到16.32倍，总市值287.64亿元。 序号股票简称PE(TTM)PE(静)市净率总市值(元)4国网英大16.3218.271.30287.64亿行业平均 64.5965.951.61203.47亿行业中值23.9122.511.57175.92亿1江苏金租11.6911.931.41351.02亿2陕国投 A12.7412.930.96175.92亿3越秀资本13.3914.501.09332.64亿5渤海租赁16.9122.170.63200.38亿6浙江东方 19.2221.561.28201.85亿7瑞达期 ...

超配（维持） 公用事业行业双周报（2025/6/6-2025/6/19） 5 月份全社会用电量同比增长 4.4% 投资要点： 本报告的风险等级为中风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 行 业 研 究 2025 年 6 月 20 日 业 周 分析师：苏治彬 SAC 执业证书编号： S0340523080001 电话：0769-22110925 邮箱： suzhibin@dgzq.com.cn 分析师：刘兴文 SAC 执业证书编号： S0340522050001 电话：0769-22119416 邮箱： liuxingwen@dgzq.com.cn 行业指数走势 证 券 研 究 报 告 公用事业 行 报 ◼ 行情回顾：截至6月19日，近两周申万公用事业指数上涨0.1%，跑赢沪深 300指数1.0个百分点，在31个申万行业中排第8名；年初至今，申万公用 事业指数下跌1.0%，跑赢沪深300指数1.3个百分点，在31个申万行业中 排第18名。 ◼ 分板块来看，近两周申万公用事业指数的子板块涨多跌少，其中4个子 板块上涨，热力服务 ...

公司紧抓政策机遇，构建全链条碳市场服务体系，提供 碳核查、碳资产、碳交易、碳足迹等"碳排双控"服务；同 时依托区位优势支撑国际绿色能源组织运营，参与标准编制 与认证服务，研究境内外低碳认证体系，并联合探索动态电 碳因子在成员企业"碳足迹"中的应用。 4.人工智能的业务布局有哪些？ 证券代码：002063 证券简称：远光软件 远光软件股份有限公司 投资者关系活动记录表 编号： 20250012 投资者关系活动 类别 特定对象调研 □ 分析师会议 □媒体采访 业绩说明会 □新闻发布会 □ 路演活动 □现场参观 其他 参与单位名称及 人员姓名 世邦私募基金崔卫国、于千可 时间 2025 年 6 月 19 日 地点 线上会议 上市公司接待人 员姓名 副总裁、董事会秘书袁绣华，证券事务代表刘多纳 投资者关系活动 主要内容介绍 1. 公司 2025 年发展机遇有哪些？ 2025 年公司将紧抓三大发展机遇：一是数字经济政策红 利持续释放。新质生产力、高质量发展激发技术、管理、数 据等生产要素活力，数字技术的突破扩大了数字业务的市场 空间，各个企业对于数字化的理解更深、需求更强。国资央 企要做强做优做大，在增强核心功能、提升 ...

Core Viewpoint - The construction of Shanghai International Financial Center is entering a new phase, emphasizing the importance of enhancing asset management functions to support high-quality development and adapt to global economic changes [1][2]. Group 1: Importance of Asset Management - Asset management is a core function of financial centers, crucial for asset valuation, allocation, and risk management [1]. - The integration of stock and incremental asset management is essential, focusing on revitalizing "dead" assets and transforming ineffective assets into effective ones [2]. - The role of mergers and acquisitions (M&A) is highlighted as a strategic tool for activating stock assets and expanding the asset management industry's business scope [2]. Group 2: Traditional vs. Emerging Asset Management - The fusion of traditional and emerging asset management is necessary, especially with the rise of new asset forms driven by technological advancements and green development [3][4]. - Attention must be given to managing traditional assets while also integrating new asset types, such as intellectual property and data assets, into the asset management framework [3][4]. - The management of carbon assets is emphasized as a strategic direction for supporting green finance and industry transformation [4]. Group 3: Domestic and International Asset Management - The importance of balancing domestic and international asset management is underscored, with a focus on enhancing the capability to manage international assets priced in RMB [6]. - The development of an international financial asset trading platform is crucial for facilitating the integration of domestic and international markets [6]. Group 4: Ecosystem Development for Asset Management - Emphasis on institutional development and regulatory coordination is necessary for building a global asset management center [7]. - The impact of technology, particularly AI, on asset management is recognized as a transformative force [7]. - Enhancing the capabilities of the asset management industry is vital for deepening asset management functions [7].