SZSE’s wholly-owned subsidiary Shenzhen Securities Information Co., Ltd. and the People’s Government of Futian District, Shenzhen jointly launched the CNI Xiangmi Lake Green Finance Index (Abbreviation: Green Finance. Code: 980052) on August 2. As the first stock index in China that reflects the development of the green finance industry, it further shows the operating characteristics of listed companies in the green finance industry, facilitates Shenzhen, as a forerunner, to practice the concept of green development and build a green financial system, and assists in achieving the strategic goals of peak carbon emissions and carbon neutrality. SZSE’s President & CEO Sha Yan attended the launch ceremony.

In March this year, General Secretary Xi Jinping emphasized in his important speech at the meeting of the Central Committee for Financial and Economic Affairs that to peak carbon emissions and achieve carbon neutrality is an extensive and profound systemic reform for the economy and society, and should be incorporated into the overall layout of building an ecological civilization. He indicated that we will achieve the goals of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060. This fully shows that the CPC Central Committee with Comrade Xi Jinping at its core has attached great importance to, promoted from the high position, and planned in the top level the work concerning achieving peak carbon emissions and carbon neutrality. Improving the green finance system, developing the green finance industry, and supporting the development of green, low-carbon enterprises are important drivers to realize the goals of achieving peak carbon emissions and carbon neutrality and are also incumbent responsibilities and missions of the capital market.

Under the unified leadership of China Securities Regulatory Commission, SZSE has fully functioned as a market center and platform to actively serve the rapid development of green enterprises. Currently, there are nearly 260 SZSE-listed companies in the green industry. They are from various fields including energy conservation & environmental protection, new energy and ecological restoration. In addition, a group of leading enterprises sprang up, showing the agglomeration and demonstration effects within the industry. Statistically, SZSE-listed companies registered total green income of CNY 886.2 billion in 2020, and more than 170 of them recorded over 20% green income in their total income.

The first green finance index includes 50 SZSE-listed and HKEX-listed companies that are related to green finance business by order of green finance score and total capitalization. Currently, the underlying stocks cover 24 SZSE-listed stocks and 26 HKEX-listed stocks from fields like banking, diversified financials, industrial services and basic materials, with renowned enterprises like PING AN (02318.HK), CM BANK (03968.HK), GUOSEN SECURITIES (002736) and BOW (300070) included. It is estimated that from 31 December 2012 to 30 June 2021, the cumulative return of the Green Finance Index is 48%, reflecting sound development momentum in the Chinese green finance industry.

Relevant leadership of SZSE said that SZSE is focusing on building an index system with “Shenzhen Component Index + ChiNext Index and Shenzhen 100 Index” at its core and launching a batch of indexes with Chinese new economy characteristics centering on such themes as green development, technological innovation and social responsibility. The launch of the Green Finance Index is a concrete measure to put in place steps toward the goals of achieving peak carbon emissions and carbon neutrality and serve the strategy of developing the Guangdong-Hong Kong-Macau Greater Bay Area and supporting Shenzhen in building a pilot demonstration area of socialism with Chinese characteristics, which could help guide financial resources to actively support ecological conservation and encourage the capital market to better serve the development of the real economy. Next, SZSE will continue to follow the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and fully apply the new development philosophy. We will strengthen the R&D of indexes and the building of the index product system, diversify green investment targets, and support the development of the green industry. We will also work to form an industrial structure that conserves resources and protects the environment, support the work concerning achieving peak carbon emissions and carbon neutrality, and better serve the green development of the Guangdong-Hong Kong-Macau Greater Bay Area and Shenzhen as a pilot demonstration area, actively contributing our bit to China’s pursuit of green, low-carbon and high-quality development.