RecentlyBigbucksbanditsmegawaysslotThe property insurance of China Pacific Insurance (601601) is based on rich green financial research and practical experience.BigbucksbanditsmegawaysslotTo create the first repo credit insurance focusing on "carbon asset security", and set up the country's first single business in the pilot carbon market in Shanghai, to provide insurance for the carbon asset security in the carbon repurchase transactions of Sheneng carbon Technology and Oriental Securities (600958), owned by Shenneng Group. This is another practice of strong combination, complementary advantages and continuous innovation in the field of carbon finance after the cooperation between China Pacific Insurance and Shenneng Group in carbon asset pledge and carbon asset buyback fund security insurance.
Following the landing of the first order, China Pacific property Insurance Shanghai Branch and Shenneng carbon Technology and Qifan Cable landed the second carbon asset buyback credit insurance. Qifan Cable participating in this transaction is an enterprise that has been included in the management of carbon emissions quotas in Shanghai. The carbon buyback transaction will help enterprises broaden carbon reduction financing channels, flexibly obtain low-cost carbon reduction funds, and help reduce costs and efficiency.
It is reported that carbon asset repurchase credit insurance is a contract based on carbon asset repurchase agreement, which is insured by carbon asset holders to protect their economic losses as a result of non-performance of carbon asset resale obligations. This product is another exclusive green insurance for the carbon market after the carbon asset repurchase guarantee insurance, which further improves the green insurance product system of China's Taibao service carbon market, effectively ensures the carbon assets safety of carbon asset holders, especially the enterprises under carbon emission quota management, and greatly enhances the willingness of carbon asset holders to sell carbon assets. On the one hand, it provides convenience for them to obtain short-term repurchase financing. On the other hand, it will enhance the liquidity of the carbon market and further stimulate the energy efficiency of the carbon market.
As a responsible insurance company, China Pacific Insurance gives full play to its professional advantages, continues to innovate green finance, and join hands to promote the development of new quality productive forces. At the beginning of this year, the Shanghai Environment (601200) Energy Exchange officially launched the repo trading business in the Shanghai carbon market. China Pacific property Insurance Shanghai Branch provides carbon asset buyback insurance for Shenneng carbon Technology, CITIC Securities (600030) and China International Capital Corporation, the first batch of carbon repurchase transactions, providing a "key link" to ensure the smooth conduct of carbon asset buyback transactions.
With the continuous promotion of the goal of "double carbon", the role of green finance is becoming more and more prominent. The guidance on "five Major articles on Banking and Insurance" recently issued by the General Administration of Financial Supervision is clear, enriching green financial products and services, and developing pledge financing for environmental rights and interests such as carbon emission rights and emission rights, explore the mechanism for adjusting green insurance rates, and promote the development of green insurance business in areas such as environmental protection, climate change, green industries and technology.
China Pacific Insurance will actively implement the major policy decisions of the CPC Central Committee and the State Council on carbon neutralization, continue to strengthen its own capacity-building, and give full play to the role of insurance in dealing with climate risks and enhancing social resilience. We will continue to enrich the solutions for the construction of a multi-level carbon market system for insurance services, make every effort to do a good job in green finance, and continue to support the green transformation of the real economy.
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