Dazhong reporter Xu Hao reported from Weifang.
In recent years, China CITIC Bank has unswervingly served the real economy and made great progress in green credit. As of the end of November 2023, the balance of green credit of China CITIC Bank exceeded 460 billion yuan, an increase of more than 130 billion yuan from the beginning of the year, and the green credit accounted for 88%, green bond underwriting and investment, green financial management, green leasing, carbon accounts and other businesses are also vigorously promoted, and China CITIC Bank is striving to write a green finance article with "attitude, strength, temperature, breadth and speed".
In-depth study and implementation of the concept of green development, and firm green development "have an attitude".
The ESG concept is gradually infiltrating the daily operation and management process of China CITIC Bank. At the March 2023 results conference, the management of China CITIC Bank clarified the strategies and measures for the development of green finance, and conveyed the concept of sustainable development and the determination of green development to the market.
China CITIC Bank is deeply aware that it is necessary to seize the historical opportunity of green transformation, vigorously develop green finance, accelerate low-carbon transformation, actively prevent climate change risks, and actively fulfill social responsibilities in order to achieve high-quality and sustainable development. To this end, China CITIC Bank has strategically led the development of green finance, and has set up corresponding leading bodies at the board of directors and senior management to formulate strategic goals and elevate green development to a strategic level. In 2023, China CITIC Bank also formulated a green finance development plan, which comprehensively supports green development from multiple perspectives such as top-level design, organizational structure, resource allocation, system support, product solutions, and regional development.
With the "four greens" as the main line, we will implement policies and help the green transformation to be "powerful".
With the "Four Greens" as the main line, China CITIC Bank has actively transformed the potential energy of various policies into development momentum.
The first is to optimize green industries, focus on the key areas of green and low-carbon development, and vigorously support seven major areas including clean energy, energy conservation and carbon reduction, and environmental protection; The second is to select green customers, focus on the top customers in photovoltaic, wind power, new energy vehicles, power batteries, energy storage and other fields, and combine the research results of "five policies in one" to form the first batch of 100 green customer lists, which will be updated and expanded regularly. Third, to enrich green products, China CITIC Bank gives full play to the synergistic advantages of CITIC, combines the needs of scenarios and the development characteristics of green industries, and builds a "1+N+N" green financial product lineage including green credit, green bonds, green leasing, green insurance, green **, green trust, green industry, and green consulting. In 2023, China CITIC Bank successfully issued 20 billion yuan of green financial bonds, which strongly supported the expansion of green finance business. The innovative credit card product "CITIC Carbon Account" has more than 8 million users and has reduced emissions by more than 7,000 tons, gradually becoming a personal green account for the majority of users. The fourth is to carry out green services, relying on carbon technology and carbon consulting to create "green technology + green finance" characteristic services. China Huixin Carbon Assets, an associate unit of China CITIC Bank, is negotiating with a number of forestry groups to provide forestry enterprises with one-stop financial services of CCER development + finance + trading.
Walk with enterprises all the way to learn from each other and grow to serve the real economy "with temperature".
Since its establishment, China CITIC Bank has been walking along with the real economy, continuously giving full play to the resource allocation function of financial institutions, striving to improve the availability of funds for real enterprises, and continuously increasing the quality and efficiency of serving the real economy. The first is to help enterprises achieve green transformation and overtake in corners. China CITIC Bank spares no effort to support the low-carbon transformation and development of manufacturing customers, which not only produces good economic benefits and market reputation, but also forms a good demonstration effect. For example, CITIC Dicastal Wheel No. 6 Factory, which China CITIC Bank participated in and supported, was selected into the list of "Lighthouse Factories" in the global manufacturing industry, relying on technologies and processes such as resource recycling, Internet 5G+, and intelligent manufacturing, to achieve an intelligent closed-loop manufacturing process and create a green, low-carbon, intelligent, digital, and flexible "Lighthouse Factory". The second is to flexibly use "green + science and technology" to accurately meet the financing needs of enterprises. China CITIC Bank keenly grasped the needs of a private electrical group in urgent need of bond financing channels and low-cost financing, and tailored a comprehensive financing plan of "green bond + science and technology innovation note" based on the group's main business and industry characteristics. Due to the full grasp of the policy opportunity period, the "green + science and technology" dual labeling qualification of the business has been realized, and the innovation has helped customers expand financing channels and reduce financing costs. The third is to do a good job of "green finance articles" through cross-integration. The development of green and low-carbon technology can provide effective support for the high-tech field, and at the same time, it can also cross-drive credit delivery in the fields of rural revitalization and inclusive finance, which has the effect of "killing multiple birds with one stone". As of the end of November 2023, China CITIC Bank has invested more than 200 billion yuan in strategic emerging industries and green credit intersections such as the manufacturing of key components for new energy vehicles, the manufacturing of solar and wind power generation equipment, the recycling of waste resources, the recycling of sewage treatment, the energy conservation and green transformation of existing buildings, and the green transformation of existing buildings. The balance of credit invested in the intersection of rural revitalization and green credit such as green organic agriculture, green animal husbandry, recycling transformation of industrial links in parks, and clean construction, operation and transformation of urban central heating systems exceeded 110 billion yuan.
Relying on the group's platform to build an "ecosystem" for green development and "broad" to serve customers collaboratively
Relying on CITIC Group's advantages in both finance and industry, China CITIC Bank has further strengthened its synergy with CITIC Group in the "ecosystem" of green development. On the one hand, we will give full play to the synergy mechanism of "financing" and "industry and finance", deeply unite the group's financial subsidiaries and industrial subsidiaries, and join hands with financial subsidiaries to create a comprehensive green financial service of "loan + debt + equity + lease + insurance + **". At the same time, it will join hands with the group's industrial subsidiaries in advanced intelligent manufacturing, advanced materials, new urbanization and other sectors to expand the field of green industry cooperation. On the other hand, we will give full play to the professionalism of "financing + financial intelligence" such as CITIC**, CITIC Construction Investment**, CITIC Consulting, and CITIC Financial Assets, and provide various capital market services and professional consulting services such as IPOs, refinancing, and public REITs for green industry customers. For example, China CITIC Bank, China Securities Construction Investment Capital, and CITIC Prudential Life Insurance Co., Ltd., a green industry focusing on the field of power batteries, has completed the filing. In the next step, we will also build a green "ecosystem" including banks, green exchanges, leading institutions, universities and institutes, and green leading enterprises.
Pay attention to its own "greening", quickly form efficiency, and reduce emissions with "speed".
China CITIC Bank attaches great importance to its own "greening", actively adapts to the new situation, accelerates the construction of ESG management system, actively promotes "green management" and "green office", advocates "green life", and earnestly implements the concept of green development.
On the one hand, China CITIC Bank is actively building a green finance demonstration bank and "carbon neutral" outlets, and in July 2023, China CITIC Bank Huzhou Branch was awarded a license to become a green finance demonstration bank, focusing on the main business of green finance. On the other hand, China CITIC Bank focuses on reducing carbon emissions in its daily operations, including the use of green and energy-efficient buildings as the bank's office and business premises. For example, the CITIC Tower, where the head office of China CITIC Bank is located, has adopted an advanced energy management system, with 640 photovoltaic modules installed on the roof of the building, which can supply the building with 3 per year50,000 kWh, the entire building reduces carbon dioxide emissions by about 1,100 tons per year; China CITIC Bank actively promotes paperless office and green travel, and on this basis, comprehensively establishes a green corporate culture and promotes a green and low-carbon lifestyle.
People do not live up to the green mountains, and the green mountains will not live up to the people". China CITIC Bank said that it will actively integrate into the overall development of the country with a firm attitude of green transformation and development, the fiery temperature of serving enterprises, and the "blue" breadth of synergistic promotion, unswervingly follow the path of financial development with Chinese characteristics, nourish the economic body with financial blood, and strive to build a "warm" bank serving the real economy.