Core Viewpoint - Since 2025, China has increased policy support for sustainable development and green finance, leading to sustained attention on ESG investments in the capital market [1] Group 1: Policy and Regulatory Developments - On June 27, 2025, the People's Bank of China, the Financial Regulatory Administration, and the China Securities Regulatory Commission jointly released the new version of the "Green Finance Support Project Catalog (2025 Edition)," which establishes unified standards and institutional foundations for various green financial products, effective from October 1 [1] - The catalog applies to all types of green financial products except for green stocks, aiming to standardize green bonds, green funds, and other ESG investment tools [1] Group 2: Market Trends and Product Performance - ESG products have been continuously issued, particularly in bank wealth management and bond funds, which have become favored choices for investors due to their low risk and stable returns [1] - As of June 30, 2025, the number of ESG-themed bank wealth management products and public funds reached 320 and 485, respectively, with a total scale of RMB 292.4 billion and RMB 376.2 billion, maintaining stability over the past year [1] - These products not only meet investors' demand for steady returns but also respond to societal concerns regarding environmental protection, social responsibility, and governance structures, promoting the popularization of ESG investment concepts [1] Group 3: Future Outlook - With clear policy guidance and sustained market demand, bank ESG wealth management and public ESG bond funds continue to be the main force in ESG investment, providing significant momentum for China's green and low-carbon transition [3]