In recent years, China Merchants Bank has actively implemented the deployment requirements for the construction of a modern industrial system, identified "green finance" as one of the key development directions based on its own resource endowment, vigorously developed green finance business, comprehensively promoted its own green operation, promoted the comprehensive green transformation of economic and social development, and helped achieve the "double carbon" goal.
This year, in the face of the emerging desalination industry, China Merchants Bank Jinan Branch closely followed the trend of energy conservation and environmental protection and organized field research on industry-related projects. According to the industry development trend, the technical strength of the enterprise and the demand of water users, China Merchants Bank Jinan Branch tailored a set of medium and long-term loan financing plans for the local enterprise Shandong Lubei Bishui Desalination Seawater, which effectively solved the customer's project construction capital needs and helped the enterprise revitalize the daily production capacity of 50,000 tons of the first phase of the project.
Serving the real economy is the vocation of finance. With the increasing demand for financing for green projects such as clean energy, green transportation, green buildings, energy conservation and environmental protection, the transformation of fossil energy to clean energy, and the transformation of high-carbon enterprises to energy conservation and emission reduction are gradually accelerating, and enterprises are in urgent need of high-quality green financial services, which has opened up a broad space for China Merchants Bank to innovate products and services. At the end of September this year, China Merchants Bank held a green finance brand conference to release 45 differentiated and characteristic products and services that support the development of green economy.
Green financing is the main service scenario of green finance for banks, and China Merchants Bank has strong service capabilities in green loans, green bonds, green leasing, etc. In terms of green loans, China Merchants Bank integrates the evaluation of enterprises' "green capabilities" into the whole business process, incorporates environmental information into every aspect of risk management, and incorporates environmental assessment into business pricing models, so as to link environmental performance with customers' financing costs. At the same time, China Merchants Bank has also continuously enriched green credit products, relying on the People's Bank of China's carbon emission reduction support tools and targeted issuance of green bonds to effectively reduce the financing cost of green projectsInnovate and set up environmental rights pledge loans, ESG performance carbon-linked loans and other products to support enterprises in energy conservation and carbon reductionAccording to the characteristics of distributed photovoltaic projects, the framework credit model has been innovatively launched to greatly improve the efficiency of project loan approvalIn response to customer difficulties in scenarios such as new energy subsidies, power equipment procurement, and power engineering construction, innovative factoring products have been launched.
In terms of green bonds, China Merchants Bank has successively launched the market's first carbon neutrality bond for the expressway industry, the first carbon neutral panda subordinated perpetual bond, and the first green carbon asset bond. This year, China Merchants Bank Wuxi Branch successfully underwrote the country's first medium and long-term carbon asset bond, the yield of which is linked to carbon emission allowances**.
In terms of green leasing, China Merchants Bank provides more flexible medium and long-term financing support, focusing on the shipping, aviation, new energy power, and new energy vehicle industries. As of the end of September this year, green leasing assets exceeded 130 billion yuan, an increase of 24% from the beginning of the year.
In addition to green financing, China Merchants Bank also provides a variety of financial services in green asset operation, green investment, green retail, carbon finance and other scenarios. Among them, relying on its leading retail business, China Merchants Bank has built a comprehensive platform for green services, and launched a variety of products such as new energy vehicle installment, low-carbon credit card, green mortgage, green consumer credit and so on, helping customers achieve a green and low-carbon life. In March this year, China Merchants Bank cooperated with the Shanghai Environment and Energy Exchange to launch the industry's first carbon neutrality-themed credit card, achieving carbon neutrality in the whole cycle of card production, distribution and use, and introducing electronic card technology to effectively reduce carbon emissions in the card production process. In just half a year, nearly 210,000 credit cards have been issued.
The breadth and depth of CMB's green customer services are also reflected in giving full play to its four systematic advantages.
First, scientific and technological advantages. At the beginning of its establishment, China Merchants Bank adhered to the strategy of developing the bank through science and technology. After years of development, it has formed a relatively obvious scientific and technological advantage in the industry. The power of science and technology can provide strong support for green finance business in terms of improving the convenience and availability of financing, innovating products and models, improving operational efficiency, and optimizing risk management. For example, China Merchants Bank has created a new energy vehicle installment product - "e-second car purchase", which can complete the whole process from application to loan and pick-up in one hour at the earliest, improving the customer car purchase experience.
The second is the advantage of industry specialization. There are many subdivisions and segments of green finance, and there are certain differences in the financial needs of different customer groups, so China Merchants Bank makes green financial services more accurate through hierarchical classification. Focusing on industries with intensive demand for green finance, such as energy and transportation, China Merchants Bank has set up corresponding strategic customer departments in its head office and branches to achieve industry-specific professional operation. Through in-depth research on customer needs and pain points related to power supply, power grid, load, and energy storage, we have formulated an integrated service plan for green energy "source-grid-load-storage" to help accelerate the construction of new power systemsClosely follow the new business formats and new needs brought about by the development of the new energy vehicle industry and the direct sales model, and launch the "Yinchetong" service system for multiple scenarios of procurement, production and sales in the new energy vehicle industry to help the transformation and upgrading of the automobile industry and green development.
The third is the advantage of "one service for the whole bank". In recent years, the industrial development trend of enterprise collectivization, cross-regional operation and in-depth coordination of the industrial chain is obvious. Taking the new energy vehicle industry as an example, the company's headquarters are located in first-tier cities such as Beijing and Shanghai, but manufacturing plants and distribution stores are distributed all over the country. Such enterprises have financial service needs in terms of batch account changes, intensive treasury management, collective unified credit, and financing support for the upstream and downstream ecology of the industrial chain. In this regard, China Merchants Bank has innovated the "one service for the whole bank" model, integrating the resources of the head office and branches, front, middle and back offices, so that customers can enjoy the same standard of CMB services across the country and improve customer experience.
Fourth, comprehensive advantages. In order to meet the financing needs of customers throughout the life cycle, China Merchants Bank focuses on customer needs, makes full use of its own credit resources and multi-channel capital organization capabilities, and provides comprehensive financing support to corporate customers from multiple dimensions such as bond underwriting, cross-border linkage financing, proprietary investment and bill financing through linkage and cooperation with internal and external institutions of the group. As of the end of September this year, the balance of China Merchants Bank's green loans (according to the statistics of the People's Bank of China) was 419.8 billion yuan. The total financing of green corporate customers (FPA), green retail, and green investment were 840.2 billion yuan.
The combination of product strength and service advantages has formed the background and confidence of China Merchants Bank to develop green finance. At the same time, China Merchants Bank highly recognizes the strategic value of green finance at the bank-wide level, and implements precise policies in the overall design, such as formulating green development plans and establishing green finance business development committeesCarry out the construction of green system at multiple levels such as operation management, risk management, and resource guarantee, and add momentum to the development of green finance business.
In the process of green transformation of customers, China Merchants Bank has been with us all the way. For China Merchants Bank, every project implemented means that it contributes to reducing energy consumption and greenhouse gas emissions.
For example, China Merchants Bank extended credit to support the construction of a centralized photovoltaic project in Chifeng City, Inner Mongolia, and according to estimates, the project can save 8 standard coal per year after completion220,000 tons, saving 78 water resources180,000 tons, reducing sulfur dioxide emissions by 1,44866 tons, reducing NOx emissions by 217325 tons, reducing soot emissions by 181 tons and carbon dioxide emissions by 19920,000 tons, reducing ash emissions by 3010,000 tons.
In addition to supporting the green development of the economy and society with more financial resources, China Merchants Bank also actively explores green operations to promote the low-carbon development of the institution. Vigorously advocate the concept of green and low-carbon office and life throughout the bank;Carried out a carbon inventory project to conduct a comprehensive inventory of all carbon emission sources of more than 1,900 institutions in the past three years, find out their own carbon background, and lay a solid data foundation for achieving carbon neutrality in their operationsWe have created a toolbox for emission reduction, and implemented a number of emission reduction measures from the four dimensions of green office, green building, green travel and green procurement.
In addition to the above-mentioned work, China Merchants Bank has also built a comprehensive carbon management system in terms of institutional system, implementation planning, management system, capacity building and performance appraisal to ensure the long-term and effective implementation of the bank's green operation.
Practicing low-carbon operation is the proper meaning of China Merchants Bank to fully fulfill its green responsibilitiesThe development of green finance is not only the responsibility of China Merchants Bank to integrate into the overall development of the country and serve the real economy, but also the mission of customer-centric and creating value for customers. In the future, China Merchants Bank will adhere to green development along the two main lines of green finance and green China Merchants Bank, serve the real economy with more practical measures, and build a better home together.
Data**: China Merchants Bank.
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