Financial Support for Green Technology: Aiding Low-Carbon Transformation

The 2025 Financial Support for Green Technology Conference took place successfully in Taiyuan on May 12, 2025. Co-hosted by Shanxi Financial Investment Holding Group Co., Ltd. and the Beijing Green Finance and Sustainable Development Research Institute, the conference focused on the theme of “Green Technological Innovation and Financial Support under the ‘Dual Carbon’ Goals.”

Guided by various institutions including the China Federation of Returned Overseas Chinese Expert Committee, Shanxi Provincial Financial Office, People’s Bank of China Shanxi Branch, and Shanxi Financial Supervision Bureau, the event was organized by a coalition of entities including the Zhongguancun Chuanglan Clean Air Industry Alliance, Shanxi Financial Holding Green Technology Co., Ltd., and others. Support came from institutions such as HSBC Bank (China) Co., Ltd. and the Shanxi Overseas Returned Scholars Innovation and Entrepreneurship Association.

The conference attracted over 400 attendees on-site, with more than 50,000 viewers tuning in online. Notable figures included He Kebin, President of Tsinghua University’s Carbon Neutral Research Institute, Wang Zhenyu, Secretary of the Party Committee and Chairman of Shanxi Financial Holding Group, and Ma Jun, Director of the Beijing Green Finance Institute.

In his address, Qi Degui emphasized that achieving the “dual carbon” goals is an inherent requirement for implementing new development concepts, constructing a new development pattern, and promoting high-quality development. He urged a firm commitment to a green low-carbon path, advocating for a dual-driven approach combining green technology and finance, centered on innovation and linked through capital, to build a sustainable China.

Wang Zhenyu highlighted that Shanxi, rich in coal resources, presents numerous scenarios for green low-carbon transformation, offering significant investment opportunities. He noted the changing dynamics in financial supply and demand, with asset management and value discovery becoming increasingly important. Shanxi Financial Holding is committed to serving the province while integrating green finance, technology finance, and digital finance as strategic pillars for future development.

Shanxi Financial Holding has developed a provincial carbon inclusive platform called “Three Jin Green Life,” innovated green bonds and low-carbon transition-linked bonds, and established a specialized board for regional equity markets. The company aims to enhance connections between green, technology, and digital financial services.

Looking ahead, Shanxi Financial Holding plans to focus on areas such as corporate carbon account construction, tracking carbon footprints in specific industries, carbon asset management, and climate investment and financing pilots. The goal is to create a community service platform based on Shanxi’s dual carbon transformation scenarios, connecting supply and demand in green technology and improving the local green technology finance ecosystem.

Ma Jun noted that green finance has gradually established four key pillars: defined standards, sustainable information disclosure requirements, incentive mechanisms, and a product system. He urged financial institutions to recognize the immense opportunities in green technology investment under carbon neutrality and to enhance support through various financial tools.

He Kebin pointed out the growing global average temperature and the increasing likelihood of extreme weather events, which have become significant natural disasters. He stressed the urgency of transitioning from resource-dependent energy to technology-dependent energy, advocating for advancements in key carbon neutrality technologies.

The conference featured the launch of the “Shanxi Financial Support for Green Technology Enterprise Database,” initiated by Shanxi Financial Holding and several partner organizations, focusing on mature technologies with strong application potential. Seventeen key enterprises, including Shanxi Guorun Energy Technology Co., Ltd., were included in the first batch.

Additionally, a signing ceremony took place between Shanxi Financial Holding and institutions such as the Huairou Laboratory Shanxi Research Institute and Tsinghua University Shanxi Clean Energy Research Institute, aimed at strengthening policy analysis and support for financing Shanxi’s green low-carbon transformation.

The conference also included a high-level dialogue on “Financial Support for Green Technology and Industrial Transformation,” featuring discussions on breakthroughs in green technology and the development of green finance.

On the afternoon of May 12, four breakout sessions were held, covering topics such as “Pioneering Carbon Neutrality Awards to Support Shanxi’s Green Transformation” and “Financial Support for Accelerating Energy Storage Development,” facilitating in-depth interactions and knowledge sharing among participants.

The “Financial Support for Green Technology Conference” has been held in Beijing for three consecutive years, helping over 50 enterprises enter the United Nations Green Technology Database, and has become a high-end dialogue, achievement release, and cooperation platform in the fields of green finance and technology finance. The successful hosting of this conference in Shanxi aims to promote financial resource support for green technology development and application, facilitating the province’s industrial green transformation.