Minmetals Trust is carrying out a number of low-carbon technology BOT project docking
Securities Times reporter Jiang Dang
In June this year, the establishment of Minmetals Trust-Green Investment No. 1 Collective Fund Trust Scheme (hereinafter referred to as "Green Investment No. 1") was regarded as a successful case of capital and technology grafting. The reporter of the Securities Times learned at the "Second Minmetals Industry Financial Forum" held in Shanghai a few days ago that similar cases will be implemented one after another.
Qu Shuangshi, Executive Director of Minmetals Industry Finance Research Institute, said at the event that the project uses the BOT (Construction-Operation-Transfer) model to achieve complementary advantages of "financial institutions + scientific research units", solves the problem of limited development of the industry due to complex investment processes and limited capital volume of scientific research institutes and engineering units, effectively alleviates the liquidity of owners' funds, improves the success rate of projects, and completes the new exploration of financial institutions' transformation industry finance and green finance based on the principle of profit sharing and risk sharing. At present, Minmetals Trust is approaching the investment targets recommended by many entities such as MCC Jingcheng, MCC Energy Conservation and Environmental Protection and MCC Ecological and Environmental Protection in the same mode.
Green Investment No. 1 is a consortium formed by Minmetals Trust and China ENFEI, which won the bid for the Jinchuan Group nickel electrolysis workshop three workshop in September 2022 for the comprehensive treatment technology transformation project of zero salt wastewater discharge, which adopts the general contracting mode of investment construction, operation management and project transfer. The project will promote and apply the "development and application technology of complete set of technologies for zero discharge of nonferrous industrial wastewater". After the completion of the project, the industrial wastewater and spent steam resources generated by the nickel smelter can be recovered, and the waste steam heat energy can be used to eliminate pollutant emissions and realize the recovery and reuse of metal ions in the wastewater.
"Green Investment No. 1" is just a microcosm of Minmetals' service customers' embrace of low-carbon transformation and development. The forum also released the practical cases of its financial institutions in foreign trade financial leasing, Minmetals Securities and Minmetals Futures serving real economy and industrial customers, covering overseas resource acquisition, scientific and technological innovation, industrial upgrading, price management and other aspects.
At the event, the guests focused on the integration of industry and finance to promote green and high-quality development, and create a virtuous circle of mutual promotion between industry and finance. Yang Chunguang, Chairman of the China Association for the Promotion of International Economic and Technical Cooperation, said that Shanghai, as the vanguard leading China's digital and green transformation, has initially established a green manufacturing system, and Shanghai is striving to embark on a high-quality development path that integrates finance and a green and low-carbon circular development economic system.
Rong Zhiqin, deputy director and first-level inspector of the Shanghai Municipal Commission of Economy and Information Technology, said that industrial finance, as a bridge between finance and the real economy, has played a very important role in promoting the modernization of the industrial chain and helping the regional economy to develop with high quality. In order for Shanghai to achieve high-quality development and accelerate the construction of a modern industrial system, industrial finance is an extremely important content. At the beginning of 2023, the Shanghai Municipal People's Government and China Minmetals signed a strategic cooperation framework agreement to jointly promote the integrated development of the central government and the local government and better serve national strategies such as the integrated development of the Yangtze River Delta.
Tu Guangshao, executive director of Shanghai Advanced Institute of Finance of Shanghai Jiao Tong University, pointed out that the scale of green finance in China is growing rapidly, but there are some imbalances in the current structure. If there is an imbalance between debt investment and equity investment, the green financial system is dominated by bank green credit, and equity-based green investment is underdeveloped. At the same time, the current green finance mainly supports the development of green industries such as wind power and new energy vehicles, and does not support the transition of high-carbon industries to low-carbon. There is also an imbalance in the cyclical structure of green financial products. He suggested that we should pay attention to the construction of the carbon market system, gradually promote the expansion of the carbon market, strengthen the interaction between markets, realize the link between the carbon market and the financial market and capital market, consolidate infrastructure, strengthen supervision and coordination, and better serve green development.
