Hubei Green and Low-Carbon Development Mother Fund was established
Sinochem News Recently, at the theme event marking the 10th anniversary of the opening of the Hubei Carbon Market, the Hubei Green and Low-Carbon Development Mother Fund with a total scale of 10 billion yuan was established.
According to the disclosure, the fund is mainly invested in green and low-carbon industries such as clean energy, green transportation, green infrastructure, energy conservation and environmental protection, as well as industries such as advanced manufacturing, artificial intelligence, and new quality productivity that are in line with the national strategic development direction to help Hubei's green transformation and development.
The fund was initiated by Hubei Hongtai Group and jointly established by China Chengtong Group, Hubei Province Government Investment Guidance Fund, Huangpi District Government of Wuhan City, etc. It has completed registration, with an initial investment of 2 billion yuan. Chengtongying Fund Management Co., Ltd., a subsidiary of China Chengtong Group, and Hubei Province Double Carbon Private Equity Fund Management Co., Ltd., a subsidiary of Hubei Hongtai Group, jointly serve as executive partners.
As one of the first batch of pilot provinces and cities for carbon emissions trading in the country, the Hubei Regional Carbon Market (Hubei Carbon Emissions Trading Center) officially opened for trading in 2014, and the National Carbon Emissions Registration and Settlement System (China Carbon Deng) was launched in 2021. It settled in Hubei in July and went online. Hubei Regional Carbon Market is one of the first batch of pilot carbon markets in the country. It has continuously innovated in terms of trading systems, system construction, quota allocation, etc. It has covered 16 industrial industries including steel, cement, petrochemicals, and chemicals. The transaction scale ranks first in the national pilot carbon market, accounting for more than 40% of the country.
It is reported that Hubei Hongtai Group has also undertaken the tasks of China Carbon Development and Hubei regional carbon market construction. It will integrate carbon markets, carbon finance, and carbon industries, use funds as "leverage", innovate investment and financing models, broaden investment channels, and strive to 2. In three years, a "one principal and N sub-sons" fund ecosystem of more than 20 billion yuan has been formed, and 100 billion yuan of capital has been invested in green and low-carbon industries.
The relevant person in charge of the Hubei Province Department of Finance said that the fund will exert the financial agglomeration effect, make full use of the advantages of national strategic resources, central enterprise resources, industrial resources, financial resources and other advantages to support Hubei's industrial development, and promote the guidance of governments at all levels in the province. Funds, state-owned funds, and market-oriented funds work together to attract and leverage more core elements such as capital, projects, technology, and talents to gather in Hubei.
