CITIC Securities' "Carbon Trading and Carbon Finance Integrated Services" Won the "Global Green Finance Award and Innovation Award" of the International Finance Forum

　　From October 27 to 29, 2023, the 20th anniversary global annual meeting of the International Financial Forum (IFF) was held in Guangzhou. The annual meeting invited political dignitaries, heads of international financial institutions, experts and scholars, and representatives of entrepreneurs from more than 50 countries around the world to discuss and dialogue on major economic, financial, trade and other issues of general concern to the international community recently.

　　During the annual meeting, the "IFF Global Green Finance Award" was awarded, which aims to recognize and reward institutions that have made outstanding achievements in the field of global green finance, especially in the fields of climate investment and financing and biodiversity finance, as well as high-quality and innovative solutions, and promote global climate governance and sustainable development.

　　After five months of fierce competition, CITIC Securities' "Carbon Trading and Carbon Finance Integrated Services" project stood out among the innovative projects in the field of global green finance and won the 4th "IFF Global Green Finance Award Innovation Award".

　　It is reported that the International Financial Forum (IFF) is a non-profit, non-official independent international organization, which was jointly initiated and established in October 2003 by China, the United States, the European Union and other countries and regions, emerging economies, as well as the United Nations, the World Bank, the International Monetary Fund and other relevant international organizations and leaders.

　　According to industry insiders, the carbon trading market is a core policy tool for China to use market mechanisms to control and reduce greenhouse gas emissions. The carbon market internalizes the negative externalities of carbon emissions, prompting companies to reduce carbon emissions.

　　CITIC Securities' "carbon trading and carbon finance integrated service" is the first comprehensive response to the needs of corporate carbon trading and carbon finance service system in China, with a full-time team as the fulcrum, relying on more than 400 service outlets across the country, providing 7 major service tools including carbon trading, carbon buyback, carbon emission reduction cooperation, etc., providing tens of thousands of participants in China's carbon market with cross-market, cross-variety, and whole-process one-stop carbon finance comprehensive services. It is a precedent for the promotion of the concept of comprehensive carbon finance services.

　　As a service portal, CITIC Securities assists enterprises in taking stock of the "carbon base", analyzing the surplus and deficiency of allowances during the compliance period, and providing policy interpretation and market analysis. Through carbon trading, we can help entities in the carbon market purchase or sell carbon assets, and help enterprises reduce compliance costs and successfully complete compliance. Through carbon buybacks, CITIC Securities helps enterprises revitalize their existing carbon assets and obtain funds to invest in carbon reduction and emission reduction. Through carbon emission reduction cooperation, CITIC Securities assists owners of voluntary greenhouse gas emission reduction projects to achieve carbon emission reduction registration and revenue realization. Within the scope permitted by the competent authorities, CITIC Securities has steadily promoted the creation of carbon financial instruments to serve the comprehensive demands of enterprises in carbon trading and carbon finance. In addition, CITIC Securities also actively plays a pivotal role, implements policies and mechanisms, helps enterprises improve their awareness and ability of carbon asset management, and provides feedback to the competent authorities on the problems existing in the operation of the market, so as to help realize and improve the functions of the carbon market.

　　According to industry insiders, CITIC Securities' "carbon trading and carbon finance integrated services" have filled the gap in the industry, and have successively landed the first batch of carbon emission trading, the country's first carbon emission allowance repurchase transaction and the country's first carbon emission swap transaction, and landed the industry's first Fujian carbon allowance repurchase transaction, the first Hubei carbon allowance repurchase transaction in China, the country's first combined carbon asset repurchase transaction and other innovative cases, enriching the supply of products and services, and providing a reference and replicable service model and innovative experience for China's carbon market. Promote financial innovation to better serve the low-carbon transformation of the real economy and promote the steady development of the carbon market.