Core Viewpoint - The securities industry is committed to serving national strategies and supporting the real economy, integrating social responsibility into governance and business development across six key areas, including rural revitalization and green finance [1][2][4] Group 1: Support for Rural Revitalization - In 2024, 104 securities companies are paired with 398 poverty-stricken counties, exploring diverse and sustainable support paths [1] - Over the past five years, the industry has facilitated direct financing exceeding 380 billion yuan for enterprises in poverty-stricken counties, addressing financing challenges in local economic development [1] - The industry's public welfare expenditure reached 594 million yuan in 2024, with 27 companies establishing public welfare foundations to promote standardized and sustainable operations [1] Group 2: Support for the Real Economy - The industry provided approximately 5.6 trillion yuan in direct financing support for enterprise development in 2024, focusing on key areas of the national economy [2] - The underwriting scale of bonds for technology innovation companies exceeded 610 billion yuan, showing significant year-on-year growth [2] - The industry supported 76 companies in successfully listing on the Sci-Tech Innovation Board and the Growth Enterprise Market, enhancing the growth of strategic emerging industries and small and medium-sized enterprises [2] Group 3: Development of Green Finance - In 2024, the industry actively participated in green bond issuance, with a new scale of approximately 681.4 billion yuan, involving 50 securities companies as underwriters or managers [3] - Innovative products such as carbon asset ABS and green infrastructure REITs have been launched, effectively revitalizing green assets [3] - Several institutions have established ESG information disclosure and investment evaluation systems to guide financial resources towards green industries [3] Group 4: Investor Protection and Education - Protecting investors' legal rights is fundamental to the healthy development of the capital market, with over 5,490 investor education activities held in 2024 [3] - The industry collaborated with universities to offer 108 financial courses, enhancing the public's financial knowledge and risk identification capabilities [3] Group 5: Future Outlook - The securities industry aims to continue deepening social responsibility practices and exploring innovative paths for financial services modernization, contributing to high-quality economic development and social progress [4]

Core Viewpoint - The development of new productive forces driven by technological innovation is crucial for financial institutions, including Ping An Securities, to support the real economy through targeted financial services and innovative practices [1][2]. Group 1: Financial Services and Innovation - Ping An Securities emphasizes its commitment to serving the real economy by enhancing its professional capabilities and service levels, focusing on the "Five Major Financial Articles" to support technological innovation and industrial upgrades [1][2]. - The company implements a dual strategy of "full-cycle product innovation" and "regional precision service" to create a diversified financing service system that supports the development of new industries, new business formats, and new technologies [2][3]. Group 2: Debt Financing and Green Development - In the debt financing sector, Ping An Securities has launched innovative financial instruments such as Sci-Tech bonds and has underwritten a total of 65 bonds for technology innovation companies, amounting to 16.98 billion yuan, facilitating diverse financing channels for tech enterprises [3]. - The company integrates green finance into its business design, aligning with national "dual carbon" strategies, and focuses on clean energy and environmental protection as key support areas [3][4]. Group 3: Inclusive Finance and Elderly Care - Ping An Securities aims to bridge the gap in inclusive finance by providing tailored services to meet the diverse needs of different groups, thereby enhancing social benefits and market value [6]. - In the elderly finance sector, the company has upgraded its app interface for elderly users and is actively issuing personal pension public fund products, managing a total of 31.473 billion yuan in insurance asset management plans [7]. Group 4: Digital Transformation and Data Utilization - The company is focused on digital transformation by building IT core capabilities and establishing a unified data service center to support refined operations and decision-making [8][9]. - Ping An Securities has collaborated with exchanges to create the first data asset ABS in China, valued at 130 million yuan, facilitating new financing pathways for digital economy enterprises [9].

Core Viewpoint - The 20th Central Committee of the Communist Party of China emphasizes that Chinese-style modernization is a harmonious coexistence between humans and nature, with a focus on ecological civilization reform and the development of green finance as a key component for high-quality financial growth [1][8]. Group 1: Green Finance Initiatives - In 2024, the company actively supports national green development initiatives by embedding green finance concepts into its business operations, particularly in clean energy and environmental protection sectors, contributing to carbon peak and carbon neutrality goals [2]. - The company has underwritten six green bonds and asset-backed securities (ABS) in the first half of 2024, with a total underwriting scale of 2.837 billion yuan [2]. Group 2: Carbon Asset Securities - The company facilitated the issuance of China's first carbon asset ABS in July, marking a significant milestone in carbon asset securitization, with an issuance scale of 115 million yuan and a coupon rate of 2.2% [3]. - This project supports enterprises by providing financing based on future expected revenues from carbon assets, enhancing market liquidity and promoting green industry development [3]. Group 3: Public REITs in Hydropower - The company served as a financial advisor for the first public REIT in the hydropower sector, successfully listing the project with an issuance scale of 1.07 billion yuan, attracting significant investor interest [5]. - This initiative aims to mobilize social capital into green development, enhancing the financial cycle for hydropower infrastructure and contributing to local economic growth [5]. Group 4: Support for New Energy Vehicles - The company has supported the issuance of a green asset-backed special plan for the new energy vehicle industry, with an issuance scale of 600 million yuan and a record low interest rate of 2.14% in Jiangsu Province [6]. - This financing is directed towards the purchase of new energy vehicles and charging infrastructure, significantly contributing to the high-quality development of the new energy sector [6]. Group 5: Capital Guidance for Green Development - The company has successfully issued a carbon-neutral green asset-backed special plan, directing funds towards renewable energy projects, which are expected to significantly reduce carbon emissions and improve local energy supply structures [7]. - The project is anticipated to achieve substantial reductions in various pollutants, thereby enhancing environmental quality and promoting sustainable development [7]. Group 6: Future Commitment to Green Finance - The company plans to continue aligning with national economic policies and enhancing its professional capabilities to guide more social capital into green low-carbon industries, thereby supporting the broader goals of Chinese-style modernization [8].