The tide rises from the Pearl River, and high-quality development sounds, and the lucid waters and lush mountains show the profound background of financial assistance for development.
Green is the distinctive background color of high-quality development, and the Central Financial Work Conference clearly pointed out that the "five major articles" including green finance should be done. As a local corporate bank located in the Guangdong-Hong Kong-Macao Greater Bay Area, Guangzhou Rural Commercial Bank has always integrated its own development into the overall situation of serving the national strategy and major regional deployment. In recent years, Guangzhou Rural Commercial Bank has fully implemented the concept of green development, optimized resource allocation, promoted product innovation, increased financial support for green and low-carbon industries, contributed to the protection of the ecological environment and the green and low-carbon transformation of the economy and society, promoted high-quality development with finance, and empowered the construction of a green and beautiful Guangdong.
Fulfill the mission
Persist in promoting green finance from a strategic perspective
For the development of green finance, Guangzhou Rural Commercial Bank plans and lays out from the perspective of the bank's development strategy. It is reported that Guangzhou Rural Commercial Bank has issued a green finance development plan and implementation plan for 2023-2025 to provide direction for the development and implementation of green finance. At the same time, in 2023, the bank has successively issued supporting policies such as green credit policy, environmental information management, business identification management, assessment and incentives, and loan pricing, creating a "1+1+N" green finance policy system and creating a higher-level and more authoritative policy space for the development of green finance.
As of the end of December 2023, the balance of the bank's green loans was RMB46.93 billion, an increase of RMB16.33 billion, or 53.4%, from the end of 2022, with a compound annual growth rate of 60.8% in the past three years.
The total score is linked to the reform and innovation pilot
The "zero-carbon outlets" were officially launched
In terms of green finance innovation pilots, Guangzhou Rural Commercial Bank is at the forefront. In 2023, Guangzhou Rural Commercial Bank will successively set up two "zero-carbon outlets" in the business department of Huadu Branch and the business department of Foshan Branch, and complete the cancellation of 461 tons of nationally certified voluntary emission reductions, making an important step in supporting the green development of the Guangdong-Hong Kong-Macao Greater Bay Area with financial support.
In fact, as early as 2022, Guangzhou Rural Commercial Bank upgraded the former Huadu Branch to Huadu Branch of the Green Finance Reform and Innovation Pilot Zone, and set up a special working class in Huadu Branch through the linkage of the total score to formulate assessment indicators for the unconventional development of green finance.
Today, this pilot has become a "test field" and "model room" for Guangzhou Rural Commercial Bank to actively explore financial empowerment for green development. In 2023, Guangzhou Rural Commercial Bank Huadu Branch will increase its support for key areas such as new energy vehicles, ecological cultural tourism, and green infrastructure upgrades, with a balance of 3.99 billion yuan in green loans, an increase of 1.86 billion yuan or 87.3% from the beginning of the year, with a completion rate of over 200%, and exceeding the unconventional development indicators of green credit.
Diversity drives innovation
Green will run through multiple links of consumption and credit
To build a green background for high-quality development, corresponding green financial products are indispensable. Guangzhou Rural Commercial Bank actively strengthens product and business model innovation in the field of green finance, is committed to better serving the development of green industries, and continues to improve the quality and efficiency of green financial services.
In 2023, Guangzhou Rural Commercial Bank successfully released the "Golden Mi Green and Low-Carbon Card" to promote the deep integration of the concept of green development and credit card operation. In terms of mortgage business, Guangzhou Rural Commercial Bank clarified the relevant development requirements and management measures for individual green mortgage business, and promoted the standardized development of relevant business. At the end of 2023, the balance of personal green mortgage loans will be 134 million yuan, and the number of households will reach 155, achieving a breakthrough of zero in this business.
In 2023, Guangzhou Rural Commercial Bank will optimize and revise the "Green Enterprise Loan", innovatively launch the "Agricultural Loan", and gradually build a green credit product system with its own characteristics, covering basic green credit products "Green Project Loan" and "Green Excellent Enterprise Loan", equity characteristic products "Carbon Emission Rights Mortgage Loan" and "Rural Land Contracting and Management Right Loan", agricultural green products "Lin Yi Loan", "Collective Construction Land Credit Loan/Project Loan" and "Agricultural Loan".
To broaden "green + financing", Guangzhou Rural Commercial Bank focuses on promoting the development of green bond investment, green bond underwriting, green bills and other businesses, so as to introduce capital for the low-carbon economy. As of the end of 2023, the bank's green bond investment balance was 1.32 billion yuan, the cumulative amount of green bond underwriting was 1.22 billion yuan, and the cumulative amount of green bills was 558 yuan, with an amount of 1.206 billion yuan. Among them, in 2023, we will use bond underwriting tools to assist in the issuance of green ultra-short-term financing bonds, and raise funds to support the construction of renewable energy power generation projects in Zhuhai, Zhanjiang and other places, and accurately serve the development of clean and low-carbon energy industries.
Focus on key areas
Support the green transformation of economic and social development
Anchoring key industries, Guangzhou Rural Commercial Bank has explored the growth space of green finance business and promoted the green transformation of the economy and society. The bank actively supports loans for projects such as green transportation, sewage and garbage treatment, green buildings and prefabricated buildings. At the end of 2023, the balance of loans in the field of green infrastructure upgrading reached 26.42 billion yuan, a year-on-year increase of 50.5%.
At the end of 2023, the bank issued 3.71 billion yuan of new green loans to the manufacturing industry, with a balance of 6.90 billion yuan.
To help defend the blue sky, clear water and pure land, Guangzhou Rural Commercial Bank actively focuses on key green areas such as air pollution prevention and control, water ecological environmental protection, agricultural and rural pollution control, solid waste treatment and disposal, and comprehensive utilization of resources, regularly sorts out and distributes a list of key green enterprises (projects), and determines the focus of business marketing support. As of the end of 2023, the bank has issued 2.67 billion yuan of new loans in the above areas, with a loan balance of 5.41 billion yuan.
To support the promotion of the ecological construction of green and beautiful Guangdong, Guangzhou Rural Commercial Bank actively supports enterprises or projects in the field of green industries in line with sustainable development, such as energy conservation and environmental protection, ecological environment, etc. At the end of 2023, the bank issued 3.13 billion yuan of new loans in the field of ecological and environmental industries, with a loan balance of 6.32 billion yuan, a year-on-year increase of 96.4%.
Adhere to the "support of agriculture and small enterprises"
Promote the coordinated development of green and low-carbon regions
Comprehensively promoting the green development of agriculture is the proper meaning of realizing agricultural modernization. In 2023, Guangzhou Rural Commercial Bank will adhere to its market positioning, actively provide high-quality financial services for local green enterprises and projects, and promote the coordinated development of green and low-carbon regions.
In order to actively promote the integrated development of green, agriculture-related and inclusive development, Guangzhou Rural Commercial Bank has focused on its services. In 2023, the bank issued a number of special work plans focusing on the implementation of the "Millions and Thousands of Projects" and comprehensively promoting the key work of rural revitalization, and at the end of 2023, it issued 870 million yuan of new green loans to agriculture, forestry, animal husbandry and fishery, with a balance of 3.52 billion yuan.
Combined with the natural resource endowment of the Northern Guangdong Ecological Development Zone, Guangzhou Rural Commercial Bank gives full play to its characteristic advantages and vigorously supports the development of green industries such as green agriculture and ecological protection. At the end of 2023, the bank issued 890 million yuan of new green loans in Qingyuan City, with a balance of 1.32 billion yuan, a year-on-year increase of 46.0%, mainly in the areas of forest resource cultivation, green animal husbandry, and comprehensive utilization of mineral resources. The bank also actively explores the development of environmental rights and interests, ecological protection compensation and pledge financing, and supports regional green development through characteristic products and services.
In addition, in terms of supporting the improvement of the quality of rural human settlements, the bank launched a special product of "Collective Construction Land Credit/Project Loan", which drove an additional investment of RMB600 million in green loans and 19 new projects during the year, effectively supporting the revitalization of rural collective assets and promoting the construction of beautiful and livable villages.
The tide rises high and hits the oars again, and the boundless scenery is ahead. Guangzhou Rural Commercial Bank will continue to solidly promote green finance, make every effort to promote ecological priority, conservation and intensive, green and low-carbon development, help the "high-quality development project of 100 counties, thousands of towns and thousands of villages", help the ecological construction of green and beautiful Guangdong, and make greater contributions to the realization of the "double carbon" goal.
Text: Liu Changyuan Plate making: Dong Shuyun, Zhang Ling, Liu Chang