Commercial banks and financial subsidiaries have issued 33 ESG theme wealth management products in the first half of the year

Reporter Li Bingbing

Profile reporter Yu Junyi

ESG concepts and practice are continuing to heat up. According to the incomplete statistics of the "Securities Daily" reporter, as of June 30, commercial banks and financial subsidiaries issued a total of 33 ESG theme wealth management products in the first half of the year. At the same time, many banks disclosed ESG related reports for the first time.

At present, banking agencies are using ESG products as the medium to guide social funds to the green industry and practice sustainable development concepts through bonds, creditor's rights, credit, and equity investment. As the green financial concept is deeply rooted in people's hearts, investors' attention to ESG has also increased significantly.

Bank participation is the general trend

According to statistics from China Financial Management Network data, "Securities Daily" found that as of June 30, a total of 123 products containing "ESG" in the market of bank institutions (including bank wealth management subsidiaries) in the market (including bank wealth management subsidiaries). If the start date is calculated, there are 33 newly issued ESG theme wealth management products in the first half of the year.

Specifically, 123 ESG theme wealth management products are still mainly solid -income, including 77 solid -income products, 45 hybrid products, and only one equity product. Taken together, the performance of ESG wealth management products is generally between 3.4%-5%.

Puyi Standard pointed out in the research report that from the perspective of the capital investment of the bank's ESG products, bond assets occupy the first place in the allocation of ESG theme wealth management products assets. The key investment targets of fixed income ESG theme wealth management products include green bonds, green ABS, and ESG's debt assets that show good enterprises, covering key areas such as energy -saving and environmental protection, ecological protection, high -quality development, and clean energy and villages.

Regarding the current issuance of domestic ESG wealth management products, Wang Yifeng, chief analyst of Everbright Securities and Financial Industry, told reporters of the Securities Daily that domestic ESG investment is currently in the early stage of development and still faces some problems, such as institutions and investors recognize ESG investment recognition Insufficient, lack of understanding of the ESG strategy and product risk income, and the innovation and development of related products is not perfect.

"However, further participation in ESG investment will be the general trend, which not only helps the company's reputation, but also helps increase long -term benefits. It is expected that related product participation dimensions include but are not limited to ESG stock investment, low -carbon energy saving and environmental protection, etc. Non -bonds or long -term equity investment in companies in the field. "Wang Yifeng said.

Many banks start ESG reports

In the first half of the year, many banks disclosed ESG related reports for the first time, including online merchant banks, Weizhong Bank, Baixin Bank, and Hang Seng Bank (China) Co., Ltd. (hereinafter referred to as "Hang Seng China").

Specifically, the online merchant bank proposed in the report that it will increase scientific and technological innovation around the three key issues of inclusive small and micro, rural finance and green finance, and practice ESG concepts. Jin Xiaolong, chairman of the Internet Commercial Bank, said that the core business goals of the online merchant bank are 100%in line with ESG targets. It is also disclosed that by the Beijing Environment Exchange, the online merchant bank's online loan business was reduced by 9852.89 tons of carbon dioxide in 2021.

Weizhong Bank continued to increase the scale of green loans in 2021, and launched green bond investment for the first time to provide financial support to achieve the "dual carbon" target; continue to strengthen industry research in the field of green credit, conduct special analysis of the green subdivision industry, and use green with green Industrial leading companies have reached cooperation to provide preferential loan support for their industrial chain upstream and downstream dealers.

Baixin Bank disclosed in the ESG report that ESG has become an important guidelines and strategic framework for Baixin Bank's continued steady development. Under the guidance of the national "dual carbon" goal, Baixin Bank has promoted the development of green finance to a strategic height. Stay first.

In addition, Hang Seng China promised to achieve carbon neutrality in 2030, and is committed to incorporating sustainable development elements into the strategy, operations, products and services of Hang Seng China to be a practitioner, empower and promoter for green development.

"At present, the ESG investment concept and the importance of institutions are heating up. In the future, in terms of equity investment and debt financing, more and more institutions will consider whether the industry and enterprises themselves are in line with the principles of ESG." Samoyed Samoyed Zheng Lei, chief economist of Yun Technology Group, said in an interview with the Securities Daily reporter, but while paying attention to green finance into "living water", it is also necessary to notice that the current domestic ESG disclosure standards and rating systems are still lacking in industry unified standards. , To further improve.

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