The Central Financial Working Conference stressed that more financial resources should be used to promote scientific and technological innovation, advanced manufacturing, green development and small, medium-sized and micro enterprises, and five articles should be done well in science and technology finance, green finance, inclusive finance, pension finance and digital finance.

In recent years, CITIC Bank has unswervingly served the real economy, and green credit has made great progress. By the end of November 2023, the balance of green credit of CITIC Bank had exceeded 460 billion yuan, an increase of more than 130 billion yuan over the beginning of the year. Green credit accounted for 8.8% of the balance of various loans. Green bond underwriting and investment, green wealth management, green leasing, carbon accounts and other businesses were also vigorously promoted. CITIC Bank was struggling to write "with attitude, strength, temperature, breadth and speed" Green Finance.

Deeply study and implement the concept of green development, and strengthen the "attitude" of green development

ESG concept is gradually penetrating into the daily operation and management process of CITIC Bank. At the performance conference in March 2023, the management of CITIC Bank clarified the strategy and measures of green financial development, and passed the concept of sustainable development and the determination of green development to the market.

CITIC Bank has deeply realized that only by seizing the historical opportunity of green transformation, vigorously developing green finance, accelerating low-carbon transformation, taking the initiative to prevent climate change risks, and actively implementing social responsibilities can we achieve high-quality and sustainable development. To this end, the Bank led the development of green finance with strategy, set up corresponding leading institutions in the Board of Directors and senior management, formulated strategic objectives as a whole, and raised green development to a strategic height. In 2023, CITIC Bank also formulated a green financial development plan, which comprehensively supports green development from the perspective of top-level design, organizational structure, resource allocation, system support, product plan, regional development and other aspects.

Take "four green" as the main line, implement policies, and help green transformation "vigorously"

Citic Bank takes the "four green" as the main line, and actively converts the potential energy of various policies into the momentum of development.

First, optimize green industries, focus on 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; Second, select green customers, focus on leading 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 list of 100 green customers, which will be updated and expanded regularly. The third is to enrich green products. CITIC Bank gives full play to CITIC's synergy advantages, combines the needs of the scene and the characteristics of green industry development, based on the green financial comprehensive service system of "bank+bank subsidiaries+group subsidiaries", and builds green credit, green bonds, green leasing, green insurance, green funds, green trust, green industry "1+N+N" green financial product pedigree including green consulting. In 2023, the Bank successfully issued 20 billion yuan of green financial bonds, which strongly supported the expansion of green financial business; The credit card innovative product "CITIC Carbon Account" has more than 8 million users and has reduced emissions by more than 7000 tons, gradually becoming the personal green account of the majority of users. Fourth, carry out green services, relying on carbon technology and carbon consulting to create "green technology+green finance" featured services. China Huixin Carbon Assets, a joint venture of CITIC Bank, is negotiating with several forestry groups to provide one-stop financial services of CCER development+finance+transaction for forestry enterprises.

Learn from each other and grow together with enterprises to serve the real economy "with temperature"

Since its establishment, CITIC Bank has been working together with the real economy, continuously giving play to the resource allocation function of financial institutions, striving to improve the capital availability of real enterprises, and continuously increasing the quality and efficiency of serving the real economy.

First, help enterprises to achieve green transformation and overtaking on curves. CITIC Bank spared no effort to support the low-carbon transformation and development of manufacturing customers, which not only produced good economic benefits and market reputation, but also formed a good demonstration effect. For example, CITIC Daika Hub Factory No. 6, which CITIC Bank participated in supporting the construction, has been included in the global manufacturing "beacon factory" list in September 2022. Relying on resource recycling, Internet 5G+, intelligent manufacturing and other technologies and processes, it has realized the intelligent closed-loop manufacturing process and created a green, low-carbon, intelligent, digital and flexible "beacon factory". Second, flexibly use "green+scientific innovation" to accurately meet the financing needs of enterprises. CITIC Bank keenly grasped the urgent need for bond financing channels and low-cost financing needs of a private electric group, and tailored a comprehensive financing scheme of "green bonds+scientific innovation bills" around the group's main business and industry characteristics. As we fully grasped the policy opportunity period, we achieved the double labeling qualification of "green+science and innovation" for this business, helped customers expand financing channels and reduced financing costs through innovation. Third, cross integration to do a good job of "green finance article". The field of green low-carbon technology is highly overlapping with strategic emerging industries. The development of green finance can provide effective support for high-tech fields, and can also cross drive the credit supply in rural revitalization and inclusive finance, with the financial support effect of "getting more with one action". By the end of November 2023, the credit balance of CITIC Bank invested in the cross fields of strategic emerging industries and green credit, such as the manufacturing of key components of new energy vehicles, the manufacturing of solar and wind power equipment, the recycling of waste resources, the recycling of sewage treatment, the energy-saving and green transformation of existing buildings, has exceeded 200 billion yuan; The credit balance invested in the cross fields of rural revitalization and green credit, such as green organic agriculture, green animal husbandry, circular transformation of industrial links in parks, clean construction, operation and transformation of urban central heating systems, has exceeded 110 billion yuan.

Rely on the group platform to build a green development "ecosystem" to serve customers in a coordinated manner "with breadth"

Relying on the advantages of CITIC Group's simultaneous development of finance and industry, CITIC Bank further strengthened its coordination with CITIC Group in the green development "ecosystem". On the one hand, give full play to the "financing" and "industry financing" coordination mechanism, deeply unite the group's financial subsidiaries and industrial subsidiaries, and work with financial subsidiaries to create a comprehensive green financial service of "loan+debt+share+rent+insurance+fund". At the same time, cooperate with the industrial subsidiaries of the Group's advanced intelligent manufacturing, advanced materials, new urbanization and other sectors to expand the field of green industry cooperation. On the other hand, give full play to the "financing+intelligence" professionalism of CITIC Securities, CSCI Securities, CITIC Consulting, CITIC Financial Assets, and provide various capital market services and professional advisory services for green industry customers, such as IPO, refinancing, public offering REITs, etc. For example, CITIC Bank, together with CSC Capital and CITIC Prudential Life, launched the establishment of a green industry fund focusing on the field of power batteries, which has been filed. Next, we will build a green "ecosystem" including banks, green exchanges, government agencies, colleges and universities and green leading enterprises.

Attach importance to self "greening", quickly form efficiency, reduce emissions, and transform to "speed"

CITIC Bank attaches great importance to its own "greening", actively adapts to the new situation, speeds up the construction of ESG management system, actively promotes "green management", "green office" and advocates "green life", and practically practices the concept of green development.

On the one hand, China CITIC Bank is actively building a green finance demonstration bank and a "carbon neutral" network. In July 2023, China CITIC Bank Huzhou Branch will be licensed as a green finance demonstration bank, focusing on the main business of green finance. On the other hand, CITIC Bank focuses on reducing carbon emissions in daily operations, including using green energy-saving buildings as the bank's office and business premises. For example, the CITIC Building where the head office of CITIC Bank is located has adopted an advanced energy management system. 640 photovoltaic modules have been installed on the roof of the building, which can provide 35000 kilowatt hours of self power for the building every year. The annual carbon dioxide emission reduction of the whole building is about 1100 tons; The bank actively promotes paperless office and green travel, and on this basis, comprehensively establishes a green corporate culture and promotes a green low-carbon lifestyle.

"People will not fail the Castle Peak, and Castle Peak will not fail". CITIC Bank said that it will actively integrate into the national development overall situation with a firm attitude of green transformation and development, the hot temperature of service enterprises, and the breadth of "blue" coordinated promotion, unswervingly follow the path of financial development with Chinese characteristics, nourish the economic body with financial blood, and is committed to creating a "warm" bank serving the real economy.

Source: China CITIC Bank

Edit Lv Cheng

Second instance Shuai Zonglin

Third instance Chen Qianxi