Core Insights - The Ministry of Commerce has released China's first special policy document on green trade, aiming to promote the import and export of green low-carbon products and the development of sustainable fuel trade such as green hydrogen [1] - The National Development and Reform Commission has introduced a draft implementation plan for renewable energy consumption targets, providing official methods for renewable electricity used in the production of hydrogen, ammonia, and alcohol for chemical products [1] - These two policies create a synergistic effect of "domestic demand stimulation + external demand expansion," driving the development of the entire industry chain from renewable energy generation to the preparation, storage, transportation, and trade of green hydrogen, ammonia, and alcohol [1] Industry Overview - The Green Power ETF (159669) tracks the Green Power Index (399438), which selects listed companies involved in clean energy generation such as hydropower, wind power, and photovoltaics from the Shanghai and Shenzhen markets [1] - The index reflects the overall performance of listed companies in the renewable energy and clean power sectors, focusing on companies with low-carbon attributes [1] - The index composition highlights the industry development trend driven by both policy support and market demand [1]

Group 1 - The Shandong Provincial Development and Reform Commission has released a plan to promote the orderly development of green electricity direct connection projects, focusing on four types of projects with a voltage level not exceeding 220 kV [1] - The "Ningdian into Hunan" project has officially commenced commercial operation, with a transmission capacity of 8 million kilowatts, capable of delivering over 36 billion kilowatt-hours of electricity to Hunan annually, with more than 50% of this being renewable energy [1] - The Green Electricity ETF (159669) tracks the Green Power Index (399438), which selects listed companies involved in hydropower, wind power, and photovoltaic clean energy generation, reflecting the overall performance of green electricity-related listed companies under policy support [1] Group 2 - The Green Power Index includes some low-carbon thermal and nuclear power companies, combining industry growth potential with market defensive characteristics [1]