China Pacific Insurance continued to deepen green finance, and CPIC innovated to facilitate the first batch of repurchase transactions in the Shanghai carbon market

Recently, the Shanghai Environment and Energy Exchange officially launched the Shanghai carbon market buyback trading business, and CPIC Property & Casualty Shanghai Branch, a subsidiary of CPIC, provided carbon asset buyback insurance for Shenergy Carbon Technology, CITIC Securities and CICC, which were the first to participate in carbon buyback transactions, providing a "key link" to ensure the smooth progress of carbon asset buyback transactions.

As the first insurance company in the property insurance industry to clearly put forward the strategic plan for sustainable insurance and carry out systematic innovation practices, CPIC Property & Casualty relies on its leading innovation capabilities in the field of green insurance, provides risk solutions for the first batch of carbon buyback transactions, and serves entities to revitalize their existing carbon assets through the application of innovative carbon financial products, so as to enhance the trading activity of Shanghai's local carbon market. The application of carbon asset buyback insurance will effectively enhance enterprises' awareness of the value and trading attributes of carbon assets such as carbon quotas and emission reductions, and provide effective support for the active trading degree of local carbon markets.

In recent years, CPIC has built on its insurance roots, leveraged its long-term advantages in insurance funds, and increased its support and services in the fields of energy transition, green industry, green technology, and carbon finance market, so as to build an industry-leading green finance supply capacity. Subsequently, CPIC will further leverage its professional advantages on the liability side and asset side, continue to innovate the supply of green financial products and services, continue to innovate around various trading scenarios in the carbon market, take multiple measures to improve the ability to serve the construction of a diversified carbon market system, help enterprises adapt to the new situation of international and domestic response to climate change, and provide assistance and support for the green and low-carbon transformation of the economy and society.