China's current economic and social development has entered a stage of accelerating green and low-carbon high-quality development. By 2023, China's energy consumption per unit of GDP has decreased by more than 26% compared to 2012, and carbon intensity has decreased by over 35% compared to 2012. The ESG concept led by green and low-carbon has become a global consensus.

On the 16th, the 'Global Asset Management Center Shanghai International Week 2024' green finance special event, 'Green Finance Empowering New Quality Productivity and Enterprise Low-carbon Transformation Forum', hosted by the Shanghai Asset Management Association and organized by Huabao Securities, was grandly held. Xiao Gang, member of the Baoshan District Party Committee and Deputy District Chief, Liu Jiahai, Secretary of the Party Committee and Chairman of Huabao Securities, and Han Kang, leader of the Party's Working Group and Secretary General of the Shanghai Asset Management Association, attended the forum and delivered speeches.

Xiao Gang stated that the essence of new quality productivity is green productivity. Since Comrade Chen Jineng, Secretary of the Municipal Party Committee, instructed to support the construction of Baoshan's green and low-carbon supply chain as a pilot project in March last year, Baoshan District has made progress in building a 'green low-carbon transformation model area' by actively promoting in four aspects: strong linkage, construction of space, excellent ecology, and leading the way, as well as exploring the Baoshan solution for 'northern transformation' and green finance.

According to Gao Hongjun, Secretary of the Party Group and Director of the Shanghai Baoshan District Development and Reform Commission, Baoshan District's green and low-carbon industry scale in the first half of this year has rapidly grown to 47.6 billion yuan. The green and low-carbon industry scale of Baoshan for the whole year is expected to exceed 100 billion yuan, surpassing the initial target set at the beginning of the year.

As the organizer of this forum, Liu Jiahai stated that Huabao Securities, as a brokerage company under China Baowu, has focused on serving the green finance field relying on the ecological advantages of China Baowu in recent years. The company has continuously produced the 'Steel Eco-industry Research Annual Report' for four years. In response to the national dual-carbon strategy in the past two years, the company has vigorously cultivated carbon financial business capabilities and strived to build a differentiated and characteristic brokerage that serves the ecological circle. The company has accumulated transactions of over 5 million tons of carbon assets.

Bai Yunfei, General Manager of Huabao Securities' Carbon Financial Investment Department, also stated that as one of the only eight brokerages approved for self-operated participation in carbon emission trading, Huabao Securities clearly positions itself as a 'carbon steward', dedicated to providing professional advisory services to reserve trading quotas for group-controlled enterprises and reduce carbon compliance costs, thus revitalizing the value of carbon assets.

Han Kang shared several views from the perspective of the Shanghai Asset Management Association on implementing green finance to empower the transformation and development of enterprises. Han Kang stated that the Shanghai Asset Management Association adheres to the characteristics of dislocation and coordinated development with other financial associations, deepening its involvement in various districts of Shanghai and high-tech industrial enterprises, coordinating industry transformation and Shanghai's 'north-south transition', promoting investment and investment banking linkage, and helping to form a high-level cycle of 'technology-industry-finance'.

Around the 'dual carbon' target and China Baowu's green development strategy, Baodi Assets has also made some progress in the construction of green and low-carbon parks. Huang Daofeng, Senior Vice President of Baodi Assets, stated that the company has nearly 7 million square meters of industrial space in Shanghai, with the 'Baowu (Shanghai) Carbon Neutrality Industrial Park' being the first Shanghai-certified characteristic industrial park with a focus on green and low-carbon themes, as well as one of the first Shanghai peak carbon and carbon neutrality pilot demonstration projects. In the future, creating an innovation-driven carbon-neutral park will be one of the company's key priorities.

Yan Xu, General Manager of Huabao Fund's Sustainable Development Investment Department, stated that global carbon pricing has exceeded $100 billion, with China now being the largest carbon emitter in the world. In recent years, various industries have introduced a large number of policies and plans at various levels, achieving good practical results in price discovery and sustainable investment. Yan Xu stated that sustainable responsible management has become the mainstream strategy of the global ESG system, and in the future, domestic responsible management policies will become more and more comprehensive.