Citi released a research report saying that China's newly released action plan for energy saving and carbon reduction is generally higher than the number completed last year, and details on how to implement it are given, showing that clean energy is a priority for the government, which may benefit individual stocks related to the clean energy industry. China issued a 2024-25 energy saving and carbon reduction action plan, which plans to reduce carbon dioxide emissions by 3.9% this year.
According to the bank, beneficiaries include grid equipment companies Pinggao Electric (600312.SH) and Siyuan Electric (002028.SZ); clean energy power generation companies CGN Power (01816) and China Resources Electric (00836); and equipment suppliers Sunshine Power (300274.SZ), Follett Glass (06865), Goldwind Technology (02208), and Oriental Electric (01072).