Helping "green" produce "gold" in Nanshan District of Shenzhen City empowers high-quality development with green finance

Ecological Nanshan

Green development is the background of high-quality development, and new productivity itself is green productivity. On the morning of July 24, the listing ceremony of carbon asset securitization products in Nanshan District, Shenzhen City, Guangdong Province: "Shenzhen Guarantee Group-Nanshan District-Small, Medium and Micro Enterprises No. 19 Asset Support Special Plan" was held at the Shenzhen Stock Exchange. The meeting witnessed the listing of the country's first carbon asset-backed securities for small and medium-sized enterprises. This is another practice in Shenzhen's Nanshan District to promote high-quality development with green finance.

Dot green into gold:"Carbon finance" revitalizes "carbon assets"

This listed product is a carbon asset green ABS launched by Shenzhen Guarantee Group Co., Ltd.(hereinafter referred to as the "Guarantee Group") under the promotion of Nanshan Management Bureau of Shenzhen Ecological Environment Bureau and Nanshan District Financial Development Service Center. This product adopts the ABS model of carbon emission rights pledge loan claims, which refers to using the corporate carbon emission rights pledge loan claims as the basic assets and providing financing support to enterprises by issuing market-circulating securities.

"The release of ABS products for carbon assets in Nanshan District is a strong implementation by Nanshan District of the Third Plenary Session of the 20th CPC Central Committee on low-carbon development. It is an important support for achieving the 'double carbon' goal and the foothold for green and high-quality development in Nanshan District." The relevant person in charge of the Nanshan Management Bureau of the Shenzhen Municipal Bureau of Ecology and Environment said that in the green and low-carbon field, companies generally face the practical problem of lack of financing channels. The realization of the ABS business of carbon asset securitization is not only the country's first innovative ABS case of carbon emission rights for small and medium-sized enterprises, but also creates a Shenzhen innovative model of "carbon assets".

The launch of this listing ceremony marks the successful application of Shenzhen's carbon asset innovation case and will become an innovative practice to enrich my country's green finance field and support the green and low-carbon development of the real economy. At the same time, it also means that there are more ways to solve corporate financing problems and assist the green transformation of the industry, providing stronger support for promoting the healthy development of the carbon market.

Empowering new qualities: providing "source of living water" for "green"

The cultivation and formation of green productivity requires optimizing the economic policy toolbox that supports green and low-carbon development, and requires the traction of green finance to attract "fresh water from the source."

In fact, in recent years, my country's green financial system has achieved remarkable results, and a multi-level and diversified green financial market dominated by green loans and green bonds has been formed, providing a strong impetus for serving the green and low-carbon development of the real economy. Green ABS (Asset-Backed Securities), as a structured financial instrument supported by future cash flow, has developed rapidly under the promotion of policies and has gradually expanded into many emerging fields.

As a strong science and technology area, Nanshan District has outstanding advantages in innovation and development. Enterprises in the jurisdiction are highly motivated to participate in carbon emission reduction, and there is a phenomenon of carbon emission quota balances. How to help enterprises make better use of idle carbon assets and solve the problem of corporate financing difficulties has become the focus of green finance development in Nanshan District in recent years.

As early as 2021, Nanshan District took the lead in launching Shenzhen's first green finance government-bank-enterprise matchmaking meeting. Through the government, it will promote green and low-carbon management of construction projects, green finance innovation and green technology research.

In November 2023, Nanshan District successfully launched the country's first carbon emission securitization loan for small and medium-sized enterprises at the Carbon Trading Forum, with a loan amount of 30 million yuan, achieving a breakthrough from "0" to "1", and more working capital flows to green and low-carbon.

In June 2024, the June Five-Year Environment Day theme propaganda activity in Nanshan District was held in Dashi Intelligent Building. The Guarantee Group signed on-site contracts with 5 companies, with the intended guarantee amount exceeding 70 million yuan, realizing the expansion from "1" to "N". More and more companies have received comprehensive green financial support.

At this ceremony, the realization of the ABS business of carbon asset securitization in Nanshan District will have a positive effect. Specifically, Nanshan District will provide enterprises with convenient channels to replenish working capital through pledge and credit enhancement of carbon emission rights to solve the problems of insufficient collateral and financing difficulties for some enterprises; guide funds to tilt in clean energy, carbon emission reduction, etc., and promote green and low-carbon development of the industry; Improving the liquidity and market value of carbon assets will help form reasonable carbon prices and promote the healthy development of the carbon market.

In addition, according to the relevant regulations on enterprise financing support measures in Nanshan District, eligible enterprises that obtain financing through mortgage carbon quotas will be subsidized at a maximum of 50% of the actual financing fees paid. Each enterprise will provide a maximum subsidy of 1 million yuan per year, and the funding period will not exceed 3 years.

In the future, Nanshan District will continue to practice new development concepts, actively explore the leverage and leverage role of "green finance" between "lucid waters and green mountains" and "invaluable assets", further enrich the monetary policy toolbox, guide more financial resources are used for green development, help the green and high-quality development of the jurisdiction's economy, and contribute more "Nanshan power" to the realization of the "double carbon" goal.

industrial support: Multiple measures to help green development

In recent years,"green content" policies have witnessed the efforts of Nanshan District in promoting green industrial development.

In 2021, we will take the lead in launching Shenzhen's first green finance government-bank-enterprise matchmaking meeting, and use the government to set up a platform to promote green and low-carbon management of construction projects, green finance innovation and green technology research.

In 2022, the country's first district-level green and low-carbon comprehensive support policy will be released. The first batch of 25 support projects will be supported, and a total of 5.99 million yuan of support funds will be issued. The supported enterprises include many leading enterprises, covering safety, energy conservation and environmental protection, smart terminals, and new Strategic emerging industries such as materials have effectively attracted more enterprises to participate in carbon emission reduction and encouraged the green, low-carbon and high-quality development of industrial clusters in the jurisdiction.

In 2023, a green finance cooperation signing meeting in Nanshan District will be held to give full play to the role of a government-bank-enterprise platform, achieve accurate and direct access to enterprises of the Nanshan District government's green and low-carbon support policies and monetary and credit policies, and help the development and growth of green enterprises in the jurisdiction with the best financial services.