Recently, Industrial Bank Co.Ltd(601166) Beijing branch jointly Citic Securities Company Limited(600030) reached the first national credit risk mitigation contract transaction of linked green ultra short-term financing bonds (carbon neutral bonds). The transaction is an innovative application of credit derivatives in the field of green finance and widely introduces green finance water for the realization of the strategic goal of “double carbon”.
It is understood that the transaction is based on the carbon neutral bond of Qingdao Metro Group independently underwritten and invested by Industrial Bank Co.Ltd(601166) . The funds raised by the reference bond are mainly used for the construction of Qingdao Metro Line 2 and line 3 and the additional purchase of vehicles. After completion, it is expected to support about 116 million passengers per year and reduce 377.72 tons of carbon dioxide per year. Ma Dajun, general manager of Industrial Bank Co.Ltd(601166) capital operation center, said: “this transaction is an innovative exploration of Industrial Bank Co.Ltd(601166) credit derivatives in serving the real economy and helping to achieve the strategic goal of ‘double carbon’, which is conducive to establishing a credit risk sharing mechanism, improving the secondary market liquidity of ‘carbon neutral debt’ and reducing the financing cost of real enterprises.”
Chen Zhiming, managing director of Citic Securities Company Limited(600030) fixed income department, said in an interview, ” Citic Securities Company Limited(600030) always takes serving the national strategy and supporting the real economy as an important development concept. Citic Securities Company Limited(600030) and Industrial Bank Co.Ltd(601166) The in-depth and close cooperation has a long history. This time, the two sides reached the country’s first carbon neutral bond credit risk mitigation contract, which is not only a positive response to the national call, fulfill social responsibilities and combine green finance with rail transit, but also a useful attempt to guide the green and low-carbon transformation in the transportation field. Citic Securities Company Limited(600030) is committed to becoming China’s leading and world-class product provider and trading service provider. It has been committed to leading green finance and promoting the sustainable development of low-carbon economy, circular economy and ecological economy through diversified financial instruments and comprehensive financial services. At the same time, Citic Securities Company Limited(600030) will continue to make a comprehensive layout of financial services in the field of “carbon neutralization”, and is committed to establishing a relevant transaction pricing system for the market and contributing to the implementation of the overall strategic goal of “carbon peak and carbon neutralization”
With the official opening of the national carbon emission trading market, Industrial Bank Co.Ltd(601166) Beijing Branch relies on the leading edge of green finance of the head office and continues to provide financial services for the carbon market and trading subjects through the comprehensive service of “commercial banks + investment banks”, so as to fully stand in the forefront of carbon finance. As of September 2021, Industrial Bank Co.Ltd(601166) Beijing Branch’s financing balance of green finance business has exceeded 85 billion yuan, the number of customers has exceeded 1600, and the cumulative green financing support has exceeded 100 billion yuan. At the same time, Industrial Bank Co.Ltd(601166) Beijing Branch’s underwriting number and scale of green debt financing instruments have been among the best in the market for many consecutive years, and has accurately matched the diversified financing needs of customers by focusing on innovative products such as carbon neutral bonds, green asset securitization and green ABCP; At the same time, cooperate with non local branches to provide green loan support for green and low-carbon projects such as water treatment, power battery production line and wind power.
The relevant person in charge of Industrial Bank Co.Ltd(601166) Beijing Branch said that in the next stage, Industrial Bank Co.Ltd(601166) Beijing Branch will focus on the capital construction goals such as building the urban sub center into a leading carrier of green finance and a net zero emission demonstration area, increasing the proportion of green power and building carbon reduction, based on the collectivized green financial product system, Increase green and low-carbon financing support for enterprises and individuals in Beijing; At the same time, it will vigorously support the urban sub center to build a global green finance and sustainable financial center and a national voluntary certified emission reduction trading center, deepen cooperation with Beijing Green Exchange, China US Green Fund and Beijing Institute of green finance and sustainable development in forward-looking research and projects, comprehensively help the green and low-carbon transformation of economy and society, and steadily achieve carbon peak Carbon neutralization.
(China Economic News Network)
