Group 1: Index Adjustments - The STAR 50 Index will replace Qi Anxin with Shengyi Electronics, effective after market close on September 12, 2025 [1] - The total market capitalization of the STAR 50 Index has reached 3.1 trillion yuan, with a market coverage rate of 38.9% [1] Group 2: ESG Reporting - A report by the China Securities Association indicates that the overall quality of sustainable development information disclosure among A-share listed companies improved, with a disclosure rate of 46.09% for 2024 [2] - The highest disclosure rates by industry for 2024 were in finance (91.94%), utilities (75.69%), and transportation (72.32%), while the education sector had the lowest at one-third [2] Group 3: Carbon Trading Initiatives - Yunfeng Financial and the Macau Carbon Exchange launched the "Carbon Chain" plan, focusing on high-quality carbon credits and utilizing blockchain technology for transparency [3] - The global carbon credit market faces trust issues, and the "Carbon Chain" aims to ensure lifecycle transparency and traceability of carbon credits [3] Group 4: ESG Investment Products - The Rongtong CSI Chengtong Central Enterprise ESG ETF Link Fund was launched with a record scale of 960 million yuan, marking the largest initial scale for a similar product in China [4] - The average return for ESG-themed ETFs and linked funds in the market was 14.17% for the year, with the highest return reaching 31.78% [4] Group 5: Corporate Governance - Xinjiang Xinxin Mining appointed Chen Yin as the chairman of its ESG committee, effective from August 29, 2025, to October 13, 2026 [5] Group 6: Safety Incidents - Shanxi Coal announced a safety production accident at its subsidiary, resulting in one fatality, with operations currently suspended pending investigation [6][7] - The affected subsidiary, Shuiyu Coal Industry, has an annual approved production capacity of 4 million tons, accounting for 8.18% of the company's total capacity [7]

Group 1 - The rapid development of the green finance market has led to an increase in relevant information and data, with a focus on the latest trends and dynamics in the field [1] - The People's Bank of China and other regulatory bodies issued a notice to support the high-quality development of forestry through 15 specific measures, including financial services for collective forest rights and innovative loan products [2] - The first meeting of the China-UK Transition Finance Working Group was held, aiming to promote the implementation of transition finance standards and cross-border project cooperation [3] Group 2 - Xiamen proposed a draft green finance development regulation to provide legal support for green economic transformation, integrating various financial policies and emphasizing the development of blue finance products [4] - Yantai released an action plan to explore blue finance practices, targeting a loan balance of 120 billion yuan for blue industries by 2027 [6] - The national carbon market reported a weekly carbon price peak of 70.69 yuan per ton, with total trading volume reaching over 6 million tons [7][8][9] Group 3 - The Bank of China assisted Guangdong in issuing 2.5 billion yuan of offshore "blue + green bonds," indicating strong investor interest with an order peak of 11.8 billion yuan [10] - The launch of the "Rongtong CSI ESG ETF Linked Fund" achieved a record initial scale of 960 million yuan, reflecting growing market interest in green investment [11] - Suzhou Industrial Park established a 500 million yuan ESG green unicorn industry fund, focusing on high-growth sectors and promoting sustainable financial practices [12]

Group 1 - The rapid development of the green finance market has led to an increase in relevant information and data, with a focus on the latest trends and dynamics in the field [1] - The People's Bank of China and other regulatory bodies issued a notice to support the high-quality development of forestry, proposing 15 specific measures to enhance financial services and support for the forestry industry [2] - The first meeting of the China-UK Transition Finance Working Group was held, aiming to promote the implementation of transition finance standards and cross-border project cooperation [3] Group 2 - Xiamen proposed a draft green finance development regulation to provide legal support for green economic transformation, integrating various financial policies and emphasizing cooperation in green finance services [4] - Yantai released an action plan to explore blue finance practices, aiming for a loan balance of over 120 billion yuan for blue industries by 2027 [6] - The national carbon market reported a weekly carbon price peak of 70.69 yuan per ton, with total trading volume reaching over 6 million tons [7][8] Group 3 - The Bank of China assisted Guangdong in issuing 2.5 billion yuan of offshore "blue + green bonds," indicating strong investor interest with an order peak of 11.8 billion yuan [9][10] - The launch of the Rongtong CSI ESG ETF linked fund achieved a record initial scale of 960 million yuan, reflecting growing market interest in green investment [11] - Suzhou Industrial Park established a 500 million yuan ESG green unicorn industry fund, focusing on high-growth sectors and promoting sustainable financial practices [12]

ESG政策 中央发文加强全国碳市场建设 8月25日，《中共中央办公厅国务院办公厅关于推进绿色低碳转型加强全国碳市场建设的意见》(以下简 称《意见》)正式对外公布，旨在推动建设更加有效、更有活力、更具国际影响力的全国碳市场。《意 见》提出，到2027年，实现全国碳市场基本覆盖工业领域主要排放行业，全国温室气体自愿减排交易市 场实现重点领域全覆盖两项主要目标。 点评：《意见》的出台标志着中国碳市场建设进入系统性深化阶段，凸显国家以市场化机制推动工业减 排的坚定决心。扩大行业覆盖与自愿减排交易范围，有助于提升碳定价效率与国际话语权。ESG投资 毕马威中国：越来越多的企业将ESG作为业务增长新引擎 5亿元规模的ESG绿色独角兽产业基金签约 8月27日，由新建元集团与毅峰资本(Innoven Capital)共同发起的ESG(环境、社会和公司治理)绿色独角 兽产业基金签约仪式在新建元零碳馆顺利举行。该基金规模达5亿元人民币，将以ESG为导向，聚焦智 能制造、工业母机、人工智能、新能源等前沿领域，围绕高成长企业及产业上下游优质投资标的，以可 转债、股权、认股权等多样化投资方式，为企业全球化发展之路提供有力支撑。 点评：通 ...

ESG Policies - The Central Committee and State Council of China issued an opinion to strengthen the national carbon market, aiming for comprehensive coverage of major industrial emission sectors by 2027 and full coverage of voluntary greenhouse gas reduction trading markets in key areas [1] ESG Investment - A new ESG green unicorn industry fund with a scale of 500 million RMB was launched, focusing on high-growth sectors such as intelligent manufacturing, AI, and new energy, utilizing diverse investment methods to support global development [2] - The Rongtong CSI Chengtong Central Enterprise ESG ETF Connect Fund was launched with a record issuance scale of 960 million RMB, indicating a significant increase in domestic investor recognition of sustainable investments [3] ESG Development - The National Energy Administration reported that renewable energy investments have become the dominant force in power investments, with over 80% of investment in key renewable energy projects expected in 2024, highlighting the acceleration of green energy transition in China's energy structure [4] - KPMG China noted that more companies are viewing ESG as a new engine for business growth, integrating it into core strategies rather than treating it as a compliance task, reflecting a significant evolution in corporate governance philosophy [5][6] ESG Actions - The chairman of China National Petroleum Corporation emphasized the need to advance the construction of large-scale renewable energy bases, focusing on diverse technologies such as geothermal, wind, and solar energy, showcasing the company's commitment to green transformation [7]

Core Viewpoint - The establishment of the Rongtong Zhongzheng Chengtong Central Enterprise ESG ETF and its linked fund marks a significant milestone in China's public ESG investment landscape, with a record issuance scale of 9.6 billion yuan, highlighting the growing importance of ESG themes in investment strategies [2][11]. ESG Investment Growth - The global ESG fund market has surpassed 35 trillion USD as of mid-2023, with projections indicating it could exceed 40 trillion USD by 2030, reflecting the increasing recognition of ESG investment principles among mainstream investors [3][7]. - In China, the ESG investment philosophy is gaining traction, supported by strong policy initiatives from regulatory bodies, leading to a rising disclosure rate of ESG reports among A-share listed companies, reaching approximately 46% in 2024 [7][8]. Historical Context of ESG - The ESG concept emerged in the 1960s and 1970s, influenced by various social movements, and gained formal recognition in 2004 when the UN Secretary-General invited financial institutions to integrate ESG factors into investment decisions [4]. - Over the past 18 years, the State-owned Assets Supervision and Administration Commission (SASAC) has progressively enhanced requirements for central enterprises regarding social responsibility and ESG reporting [4]. Investment Philosophy - ESG is increasingly viewed as a critical evaluation framework that transcends mere financial metrics, emphasizing the importance of corporate governance, sustainability, and social responsibility in investment decisions [5]. - The philosophy of "capital for good" is becoming a foundational logic for value creation, as investors recognize the long-term implications of ethical corporate behavior [5]. Product Innovation and Strategy - The Rongtong Zhongzheng Chengtong Central Enterprise ESG Index employs an innovative ESG scoring method rather than traditional market capitalization weighting, prioritizing companies with the highest ESG scores from central enterprises [10]. - The index focuses on strategic industries such as power equipment, new energy, and telecommunications, while also including innovative small-cap companies, balancing national strategic priorities with market potential [10]. Performance Metrics - ESG investment strategies have demonstrated significant outperformance, with the annualized average return of the dividend ESG integration strategy reaching 35% as of mid-2023, significantly outperforming traditional benchmarks [8]. - The Rongtong Zhongzheng Chengtong Central Enterprise ESG ETF and its linked fund have shown strong performance metrics, contributing to the overall growth of the ESG investment landscape in China [11]. Future Outlook - The Rongtong Fund aims to continuously enhance its ESG product offerings, supporting the integration of social responsibility into investment practices, thereby creating a closed-loop ecosystem of "responsible investment - value creation - social progress" [11][19]. - The company is committed to long-term value creation, positioning itself as a sustainable player in the capital market, with aspirations to become a "evergreen tree" in the investment landscape [19].

每经编辑｜彭水萍 据融通基金公告，融通中证诚通央企ESG ETF联接基金于8月26日成立，发行规模为9.6亿元。据Wind资 讯统计，融通中证诚通央企ESG ETF联接基金是国内公募行业历史上首发规模最大的场外ESG主题指数 产品。截至今年6月底，全市场ESG主题ETF及联接基金共17只（含融通中证诚通央企ESG ETF，规模 4.93亿元），规模合计12.08亿元。融通中证诚通央企ESG ETF联接基金发行成立，进一步巩固了融通基 金在国内ESG指数产品领域的领先地位。 此次联接基金的推出，进一步完善了融通基金的产品矩阵，为场外投资者提供更便捷的配置工具。并入 中国诚通集团以来，融通基金积极发挥自身专业投研优势，主动融入中国诚通集团资本运营大局，先后 支持中国诚通编制并发布中证诚通央企红利指数、中证诚通央企ESG指数、中证诚通央企科技创新指数 以及中证诚通国企战略新兴产业指数，凸显资产管理服务结构调整的鲜明主线。融通基金已成功发行融 通中证诚通央企科技创新ETF及联接基金、融通中证诚通央企红利ETF及联接基金、融通中证诚通央企 ESG ETF等国央企主题基金。目前已初步形成了涵盖主题ETF、债券基金、主动权 ...

锚定高纯度ESG资产 根据中证指数公司官网公布的《中证诚通央企ESG指数编制方案》，中证诚通央企ESG指数从国务院国 资委下属央企上市公司中，选取中证ESG评价三个维度计算综合得分最高的50只央企上市公司证券作为 指数样本，以反映注重环境保护、积极回馈社会、公司治理优良、践行高质量发展理念的央企上市公司 证券整体表现，该指数的成分股行业分布广泛，精准覆盖多行业龙头。 据融通基金公告，融通中证诚通央企ESG ETF联接基金(A类：024266；C类：024267)于8月4日发行。该 产品旨在通过精准跟踪中证诚通央企ESG指数，为投资者提供布局高纯度央企ESG资产的便捷工具，助 力资本市场绿色低碳转型与高质量发展。该基金由吕寒和蔡志伟两位基金经理联袂管理。 有别于大部分ESG指数使用市值或类市值加权，中证诚通央企ESG指数创新性使用ESG得分排序加权的 编制方法，争取最大化提升指数ESG得分和权重，使得中证诚通央企ESG指数的"ESG"纯度高。 自2016年12月30日基日以来，截至2025年7月22日，中证诚通央企ESG指数上涨57.09%，同期沪深300上 涨24.90%、央企综指上涨12.73%；同期中证诚 ...

Core Insights - The article highlights the significant growth and strategic transformation of Rongtong Fund since its merger with China Chengtong Group, with total assets reaching 339.8 billion yuan as of June 30, 2023, an increase of 107.9 billion yuan compared to before the merger [1] Group 1: Business Strategy and Development - Rongtong Fund has established a "dual-driven" development strategy focusing on state-owned capital operations and resident wealth management, creating a business model that integrates domestic and international operations [1] - The fund has actively participated in the capital operation framework of China Chengtong Group, supporting the development of various indices and thematic funds, including the China Chengtong Central Enterprise Dividend Index and the China Chengtong Central Enterprise ESG Index [1] - The company has successfully launched multiple thematic ETFs and funds, enhancing its product matrix to include diverse offerings such as thematic ETFs, bond funds, and actively managed equity funds [1] Group 2: Performance Metrics - As of June 30, 2023, Rongtong Fund's equity excess return ranked 48 out of 156 in the industry, placing it in the top 30% [2] - The fund's fixed income excess return ranked 35 out of 151, positioning it in the top 20% [2] - Notable performance includes the Rongtong Industry Trend Selection fund, which achieved a return of 39.60% over the past year, ranking in the top 10% among 344 standard equity funds [2] Group 3: Research and Investment Team - Since merging with China Chengtong Group, Rongtong Fund has focused on enhancing its research and investment capabilities by establishing a cross-asset allocation investment committee [4] - The investment team comprises experienced fund managers with over 20 years in the industry and mid-career managers with around 10 years of experience, fostering a stable and innovative team structure [4] - The company aims to strengthen its integrated and multi-strategy research system to better serve state-owned capital operations and resident wealth management [4]