南方财经记者郭晓洁实习生王泽楠广州报道 截至2025年末，中国本外币绿色贷款余额44.77万亿元，全年增加7.72万亿元，在高基数基础上同比实现超过20%的增长，金融 支持绿色发展的力度持续加码，成为推动经济社会发展全面绿色转型的重要力量。 回顾2025年，中国绿色金融发展迈入标准统一、创新深化、开放协同的全新阶段。从顶层制度的持续完善到市场产品的多元突 破，从国内区域的差异化实践到国际领域的深度接轨，金融"活水"精准滴灌绿色低碳发展的脉络清晰可见。 这一年，绿色金融作为"加快经济社会发展全面绿色转型"的重要支撑，被纳入多项重大战略部署。国家层面陆续出台新版绿色 金融支持项目目录、金融机构气候信息披露准则等制度文件；绿色金融对外开放迈出关键步伐，绿色外债试点、境外绿色主权 债券发行，中国绿色金融深度融入全球市场。 同时，行业创新实践实现多方位突破，绿色债券市场量价齐升，创新产品层出不穷，转型金融在各省市多点开花，为高碳行业 低碳转型注入金融动能，生物多样性金融、绿色保险从理念走向规模化实践，科技赋能让绿色金融数字化平台建设提速。 我们梳理了2025年度绿色金融十大关键词，记录金融助力美丽中国建设的关键探索与坚 ...

Core Insights - Chinese energy storage companies are rapidly expanding overseas, with eight out of the top ten global energy storage system suppliers being Chinese, covering key markets such as Europe, Asia-Pacific, Latin America, North America, and the Middle East [1] Industry Overview - The energy storage sector is experiencing a surge in overseas orders, but it faces risks including technical hazards like lithium battery thermal runaway and the variability of overseas policies and regulations [2] - The energy storage industry's business model evolution is expected to create a new value-added service market, projected to grow from approximately USD 10.9 billion in 2025 to nearly USD 180 billion by 2035 [3] Company Strategy - Generali China Insurance, a wholly foreign-owned enterprise, aims to align its services with the overseas expansion of Chinese companies, focusing on Central and Eastern Europe and South America [4] - The company plans to increase its green insurance business to 30%-40% over the next five years, making it the largest segment of its operations [5][17] Market Dynamics - The traditional insurance sector is nearing saturation, while green insurance presents broader opportunities with relatively smaller starting gaps among industry participants [9] - Generali China Insurance targets the green "Belt and Road" as a niche sector, leveraging China's leading position in the new energy supply chain [10] Risk Management - The localization of overseas risk management is a core strength for Chinese companies, allowing Generali China Insurance to provide tailored risk management services while ensuring centralized premium recovery [11] - The energy storage market is classified into three segments: large-scale, industrial and commercial, and residential energy storage, with significant differences between domestic and international markets [19] Innovation in Insurance Models - The "Risk-as-a-Service" (RaaS) model is proposed to reshape insurance underwriting logic, addressing the long cycles and volatile revenue curves of energy storage projects [21] - The RaaS model aims to integrate owners, suppliers, and insurers into a community of interests, promoting continuous investment in safety and performance [23] Technological Focus - Generali China Insurance has established a "Green Insurance R&D Hub" focusing on energy storage due to its critical role in the power grid system and the complexities of its risk profile [13][18] - The company is developing an "Online Risk Assessment System for Electrochemical Energy Storage Power Stations" to enhance risk quantification and management in the industry [25][26]

Core Insights - The financial sector in Tianjin shows steady growth and plays a crucial role in the regional economy, with significant contributions from the banking, insurance, and financial leasing industries [1][2]. Financial Performance - Tianjin's GDP reached 870.66 billion yuan in the first half of 2025, with a year-on-year growth of 5.3%, indicating a solid economic momentum [2]. - The financial industry achieved an added value of 136.018 billion yuan, growing by 4.5% year-on-year, and accounting for 15.6% of the GDP [2]. - As of June 30, 2025, the total assets of Tianjin's banking sector amounted to 7.07 trillion yuan, a 6.35% increase year-on-year, while total liabilities reached 6.73 trillion yuan, up by 6.32% [2]. - The insurance sector also experienced double-digit growth, with total assets of 258.34 billion yuan, a 13.0% increase year-on-year [2]. Risk Management - The banking sector's net interest margin stabilized at 1.48%, marking a slight increase of 0.02 percentage points from the previous quarter, reversing a downward trend since Q1 2022 [3]. - Non-performing loans decreased by 33.53 billion yuan year-on-year, with a non-performing loan ratio of 1.13%, down 0.11 percentage points, the lowest in three years [3]. - The provision coverage ratio improved to 238.4%, up 12.1 percentage points year-on-year, indicating enhanced risk mitigation capabilities [3]. Green Finance Initiatives - Tianjin is actively promoting green low-carbon city development, with green credit balances reaching 851.765 billion yuan, a significant increase of 14.59% year-to-date [4]. - Green insurance has expanded, providing 705 million yuan in insurance coverage for environmental pollution prevention in the first half of 2025 [4]. - Financial leasing companies are supporting clean energy and environmental protection industries, with green leasing balances reaching 160.723 billion yuan [4]. Innovative Practices - The Tianjin banking and insurance associations highlighted innovative green finance cases, including a notable example from Industrial Bank Leasing, which provided 180 million yuan in financing using carbon emission rights as collateral [5].