ICBC Shanghai Branch’s “Technology Finance Promotes Green Technology Innovation” booth was unveiled at the Shanghai International Carbon Expo
The second "Shanghai International Carbon Expo" grandly opened on June 5, 2024 at the Shanghai New International Expo Center. ICBC Shanghai Branch built a booth around the theme of "Technology and Finance Promotes Green Technological Innovation" and brilliantly presented innovative practices that support green and low-carbon transformation.
The exhibition booth of ICBC Shanghai Branch at the Carbon Expo mainly includes the "ICBC Green Bank" brand, ICBC green finance practice, carbon-neutral network construction and other sections. It not only displays a series of green technologies representing new productivity , such as advanced energy storage and solid-state hydrogen storage technology, carbon dioxide mineralization technology based on high value-added utilization of industrial solid waste, etc., provides a platform for many companies with original and cutting-edge green scientific and technological achievements; it also brings Financial service cases that accelerate green technological innovation and the promotion and application of advanced green technologies through special financing services and featured financial products——
In terms of special financing support, in the application field, ICBC Shanghai Branch provides project loan support for the world's first zero-carbon industrial park, assisting upstream and downstream enterprises in the industrial chain such as renewable energy, power batteries and energy storage, electric heavy trucks, and battery materials. Development; through the battery leasing bank model, it has deeply laid out the battery-replacement heavy truck industry chain and provided project loan support to the country's first professional battery asset management company in the battery-replacement heavy truck field. During the operation period of the project, it can reduce 900,000 tons of carbon dioxide; in view of the environmental protection characteristics of recycling equipment , tailor-made green loan solutions for green energy companies operating argon gas recycling equipment. Through this equipment, photovoltaic hydrogen waste gas can be recycled and purified to save 50% of gas costs for photovoltaic silicon wafer manufacturers. In the field of technological innovation, ICBC Shanghai Branch has supported new energy vehicle lithium battery separator and anode material companies, a new material company with the second largest market share in the photovoltaic film industry segment, and a company with core technology of third-generation nuclear power digital instrumentation and control systems. Nuclear power companies, etc., use technological and financial means to support the innovative development of green technology. In the field of cutting-edge science and technology, ICBC Shanghai Branch supports research institutes engaged in the research and development of low-cost batch preparation perovskite battery technology, nuclear energy enterprises developing fourth-generation nuclear power technology thorium-based molten salt reactor nuclear energy systems, and fuel cell stacks and systems. As well as hard-core green technology companies such as hydrogen energy companies that develop core components, they actively empower the cultivation and development of new productive forces.
In terms of specialty financial products and services, ICBC Shanghai Branch provides multi-level financial support for a number of high-quality green projects through investment and loan linkage, debt-for-equity swaps, and financial leasing. For example, it formulated a clean energy asset operating company with a cumulative installed capacity of 1,300MW. Developed a debt-for-equity financing plan to help companies enhance their capital strength through equity investment and provide strong support for their continued and steady development; formulated a RMB 3 billion ESG-concept green syndicated loan plan and a green carbon neutrality plan for a technology industry and finance platform focusing on green energy. and bond issuance plan, successfully completed the issuance of 500 million yuan of green carbon-neutral bonds; collaborated with ICBC Financial Leasing to formulate a financial leasing plan for a new energy company, helping the company plan to revitalize existing power station assets, expand the installed capacity, and enrich the green environment with financial leasing products financial supply.
The Shanghai International Carbon Expo is an important starting point for implementing the national carbon neutral carbon peak action plan and in-depth promotion of dual-carbon work. ICBC Shanghai Branch will firmly fulfill its social responsibilities, focus on the implementation of the national "dual carbon" strategy, give full play to the mission of state-owned banks in the fields of technology finance and green finance, and actively promote the in-depth integration of green "technology-industry-finance". Contribute ICBC’s wisdom and strength to the green and low-carbon transformation of economic and social development and the high-quality development of new productive forces.