南方财经记者郭晓洁 21世纪经济报道记者李德尚玉 李宜馨 广州报道 随着绿色金融市场的快速发展，相关的资讯和数据变得越来越丰富。绿色金融周报从宏观视角和机构绿 色金融实践等角度，关注绿色金融领域的最新前沿动态，追踪绿色金融市场的最新趋势，为绿色金融相 关参与方提供决策依据和参考。 1、三季度本外币绿色贷款余额较年初增长17.5% 中国人民银行统计，2025年三季度末，本外币绿色贷款余额43.51万亿元，比年初增长17.5%，前三季度 增加6.47万亿元。分用途看，基础设施绿色升级贷款、能源绿色低碳转型贷款、生态保护修复和利用贷 款余额分别为19.29万亿元、8.32万亿元和5.01万亿元，前三季度分别增加2.65万亿元、6620亿元和6204 亿元。分行业看，电力、热力、燃气及水生产和供应业绿色贷款余额8.74万亿元，前三季度增加7568亿 元；交通运输、仓储和邮政业绿色贷款余额7.91万亿元，前三季度增加9012亿元。 4、上周碳价最高55.67元/吨 上周全国碳市场综合价格行情为：最高价55.67元/吨，最低价51.21元/吨，收盘价较上一周五上涨 4.77%。 上周挂牌协议交易成交量2,382,922吨 ...

Group 1 - The core viewpoint of the articles emphasizes the implementation of green finance initiatives, particularly the launch of green foreign debt pilot programs in Guangdong to support low-carbon and high-quality development [1][2] - The State Administration of Foreign Exchange (SAFE) has approved the pilot program, encouraging non-financial enterprises in Guangdong to utilize cross-border financing for green or low-carbon transformation projects [1] - The pilot program aligns with three main principles: serving the real economy, supporting green and low-carbon development, and balancing openness with security [1] Group 2 - The green foreign debt pilot program will lower the risk conversion factor for green foreign debt from 1 to 0.5, thereby increasing the cross-border financing limits for enterprises [1] - The registration of related foreign debts will be handled directly by banks, enhancing the convenience of green foreign debt transactions and attracting global financial resources to China's green and low-carbon development sectors [1] - The SAFE Guangdong branch plans to strengthen policy promotion and facilitate connections between banks and enterprises to ensure the effective implementation of the pilot policies [2]

Policy and Macro Analysis - The State Council emphasized the need to complete annual economic and social development goals, focusing on stabilizing market expectations and enhancing the effectiveness of macro policies [9][10] - The People's Bank of China announced an additional 100 billion yuan in re-loans to support agriculture and small enterprises, indicating a proactive monetary policy stance [26][16] - The recent Jackson Hole meeting highlighted the potential need for interest rate cuts due to rising employment risks, as indicated by Federal Reserve Chairman Jerome Powell [18][19] Equity Market Analysis - A-shares saw significant gains, with major indices like the CSI 300 and Shenzhen Component Index rising over 4%, and the ChiNext Index increasing by 5.85% [27] - The net inflow of southbound funds exceeded 16.5 billion yuan during the third week of August, reflecting positive market sentiment [27] - The MSCI China A-share Index rose by 4.27%, indicating strong performance in the equity market [27] Fixed Income Market Analysis - The People's Bank of China conducted a net fund injection of 12,652 billion yuan, indicating a tightening liquidity environment post-mid-August [28] - The recent adjustments in fiscal policies aim to stabilize the bond market and enhance the effectiveness of public-private partnership (PPP) projects [28][29] Commodity Market Analysis - The commodity market experienced fluctuations, with non-ferrous metals retreating while crude oil prices rebounded slightly [28] - The government is taking measures to stabilize the pork market by initiating central reserves for frozen pork [28] Foreign Exchange Market Analysis - The US dollar index declined to 97.72, a decrease of 0.12% week-on-week, while the Chinese yuan appreciated to 7.17, up 0.25% [4][29] - The recent dovish signals from the Federal Reserve are expected to influence currency markets and may lead to further adjustments in exchange rates [4][19] Asset Rotation Outlook - The report anticipates a continuation of stable and flexible policies in the second half of the year, with a focus on promoting effective investment and consumption [4][24] - There is an emphasis on gold and convertible bonds as potential investment opportunities amid ongoing geopolitical uncertainties [4][24]

登录新浪财经APP 搜索【信披】查看更多考评等级 新华财经北京8月21日电（王菁）企业境外发债已成为我国市场主体拓展融资渠道的重要方式，尤其是绿色、科创等创新元素更受到海外投资者青睐。 近日，国家外汇管理局决定在上海、北京、天津、河北、江苏、浙江、安徽、福建、山东、湖北、广东、四川、宁波、厦门、青岛、深圳等16省市开展绿 色外债业务试点，鼓励非金融企业将跨境融资资金用于绿色或低碳转型项目。 市场人士表示，这一政策出台于2025年——既是"绿水青山就是金山银山"理念提出20周年，也是我国作出"双碳"目标重大宣示5周年的关键时点，是境内 绿色金融体系与国际市场接轨的重要举措。 转自：新华财经 引导外资服务低碳转型 绿色金融政策优化走向纵深 业内专家指出，绿色外债试点政策的推出，显示出我国绿色金融政策的发展进一步走向纵深，此举旨在通过引入国际更多较低成本资金，支持优质企业绿 色低碳项目建设。 具体来看，这一试点政策主要针对境内非金融企业，通过非居民融入本、外币资金，专项用于支持符合中国人民银行等部门相关规定条件的绿色或低碳转 型项目。 某国有大行研究院资深研究员对新华财经指出，政策允许这类项目更少占用企业全口径跨境 ...

Monetary Policy and Market Operations - The People's Bank of China conducted a 7-day reverse repurchase operation of 253 billion yuan at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 124.3 billion yuan after 128.7 billion yuan of reverse repos matured on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term instruments fell across the board, with the 7-day Shibor dropping below 1.5%, specifically, the overnight Shibor decreased by 0.70 basis points to 1.4660%, and the 7-day Shibor fell by 3.90 basis points to 1.4950% [1] Interbank Repo Market - In the interbank pledged repo market, various instruments saw slight declines, with the 7-day rates experiencing both volume and price drops. The weighted average rates for DR001 and R001 fell by 1.0 basis points and 4.3 basis points, respectively, with transaction volumes increasing by 168.2 billion yuan and 229.4 billion yuan [3] - The weighted average rates for DR007 and R007 decreased by 5.4 basis points and 4.2 basis points, with transaction volumes decreasing by 10.5 billion yuan and 129.7 billion yuan, respectively [3] Money Market Trends - The money market showed a balanced but slightly tight situation in the morning, which shifted to a looser state after the open market operations. Overnight pledged rates for certificates of deposit traded around 1.60%-1.65%, while 7-day rates were around 1.55%-1.57% [7] - By the afternoon, the money market maintained a balanced to slightly loose stance, with overnight pledged rates dropping to as low as 1.45% [7] Green Finance Initiatives - The State Administration of Foreign Exchange has decided to pilot green foreign debt business in 16 provinces and cities, encouraging non-financial enterprises to use cross-border financing for green or low-carbon transformation projects. This initiative aims to enhance the financing scale for such projects and streamline the registration process for foreign debt [9] Housing Fund Policy - The Chengdu Housing Provident Fund Management Committee issued a notice optimizing housing provident fund policies, including lowering down payment ratios, increasing loan limits, and supporting various housing-related financial activities [10]

Group 1: Forum Highlights - The 2025 Lujiazui Forum was held in Shanghai from June 18 to 19, focusing on "Financial Opening and Cooperation in the Global Economic Change" [1] - Key financial regulators, including the Governor of the People's Bank of China, delivered significant policy signals during the forum [1] - A series of favorable policies were announced, showcasing a commitment to deepen reforms and serve the real economy, such as green foreign debt policy trials and new QDII investment quotas [1][2] Group 2: Shanghai International Financial Center - The Central Financial Committee issued opinions to support the accelerated construction of Shanghai as an international financial center, aiming for a comprehensive upgrade in financial system adaptability and competitiveness over the next five to ten years [2] - Eight innovative policies will be implemented in Shanghai, including the establishment of a bank interbank market trading report library and a digital RMB international operation center [2] Group 3: Global Financial Governance - The Governor of the People's Bank of China emphasized the need for reform in the global monetary and payment systems, highlighting the increasing role of the RMB as a trade financing currency and its position as the third-largest payment currency globally [3][5] - The discussion on the evolution of the international monetary system is gaining traction, with calls for a diversified cross-border payment system [5][6] Group 4: Foreign Investment in China - Foreign banks and insurance institutions have over 7 trillion yuan in assets in China, with foreign insurance companies' market share increasing from 4% in 2013 to 9% currently [9] - The financial services market in China is expanding, particularly in consumer finance, with significant growth potential in sectors like automotive and electronics [9] Group 5: Regulatory Developments - A series of measures to support foreign trade enterprises and facilitate cross-border investment and financing were announced, including the promotion of a multinational corporate integrated fund pool policy [11][13] - The QDII investment quota will be increased, with a cumulative approved quota of 167.79 billion USD as of May 31, 2025 [13] Group 6: Capital Market Reforms - The China Securities Regulatory Commission announced reforms for the Sci-Tech Innovation Board, including the introduction of a growth layer for technology companies and six additional reform measures [14][16] - The fifth listing standard will be expanded to include more sectors such as artificial intelligence and commercial aerospace, addressing the financing needs of high-potential industries [17][18]