Guangdong Development Bank Shanghai branch and Shanghai Academy of Quality Sciences Environmental Exchange provide special green financial support for enterprises

On April 26, Shanghai Branch of Guangdong Development Bank, together with Shanghai Academy of quality management sciences, Shanghai Environment Group Co.Ltd(601200) energy exchange, Shanghai Construction Group Co.Ltd(600170) first construction group, Lingang group, China Construction Engineering Group and Shenneng group, held a “Symposium on green finance for carbon management and cooperation signing ceremony” (video conference) in Shanghai.

At the meeting, Shanghai Academy of Quality Sciences, Shanghai Environmental Exchange and Shanghai Branch of Guangdong Development Bank signed a special financial support cooperation agreement for enterprises implementing the carbon management system. All parties will focus on green finance and low-carbon development, and further serve and meet the green financial needs of enterprises by sharing advantageous resources, innovating cooperation methods and releasing linkage effects, In the next three years, provide 1.5 billion yuan of special financial support to high-quality enterprises in the implementation evaluation of carbon management system, and boost the green, low-carbon and high-quality development of parks and enterprises in the Yangtze River Delta region.

The meeting was presided over by Meng Xiangsheng, director of the standard innovation Department of Lingang group (“double carbon” Promotion Office) and Secretary of the Party committee of Shanghai Academy of Quality Sciences; Weng Hongjie, Secretary of the Party committee and President of Shanghai Branch of Guangdong Development Bank, Liu Jie, general manager of Shanghai Environmental Exchange, Zhu Yimin, deputy chief engineer of Shanghai Construction Group Co.Ltd(600170) group and chief engineer of Shanghai Construction Group Co.Ltd(600170) first construction group, Wei Yujian, deputy secretary of the Party committee and vice president (presiding over the work) of Shanghai Academy of Quality Sciences, attended the meeting and delivered speeches; Nearly 300 guests from all walks of life attended the meeting. At the meeting, Shanghai Academy of Quality Sciences, Shanghai Environmental Exchange and Shanghai Branch of Guangdong Development Bank made wonderful keynote speeches around carbon management system and green finance, carbon credit evaluation and green financial service plan of Shanghai Branch of Guangdong Development Bank respectively. The participants had full interactive exchanges on the theme of “green finance helps carbon management”.

Developing green finance is an important measure to achieve the goal of “double carbon”. At present, Guangdong Development Bank Shanghai Branch has integrated the four advantages of supply chain finance, cross-border finance, investment bank gold market and settlement and payment platform to provide comprehensive credit services such as short-term loans, medium and long-term project loans, letters of credit, letter of guarantee, commercial paper acceptance and discount for different green finance financing scenarios, As well as “e-second loan” and other Guangfa characteristic inclusive small and micro products, insurance fund debt financing and equity financing products that give play to the collaborative characteristics of Guoshou Guangfa insurance bank, M & A loans, carbon emission right pledge loans, carbon emission reduction support tools and other rich green finance exclusive credit products.

The holding of this conference also marks the opening of a new chapter of cooperation between Shanghai Academy of Quality Sciences, Shanghai Environmental Exchange, Shanghai Branch of Guangdong Development Bank and Shanghai Construction Group Co.Ltd(600170) first construction group, featuring strong combination, complementary advantages and coordinated development. Guangdong Development Bank Shanghai Branch said that it would resolutely implement the decision and deployment of the Party Central Committee, work with all partners to continuously increase financial support for enterprises implementing the carbon management system, optimize the construction of green financial supporting service system, improve the construction of green financial product innovation system, jointly promote the green transformation and development of the real economy and jointly help the realization of the national “double carbon” goal.

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