13 A-Share Companies Put Together The First List Of Concept Stocks

On March 19, the organizational structure of the national carbon emission trading market, which is under intensive preparation, surfaced.

It is reported that the national carbon market trading institutions will rely on the Shanghai environment and energy exchange (hereinafter referred to as the "Environmental Exchange"), and the national carbon trading registration system will be established in Hubei.

The two systems have been planned for a long time

The construction of national carbon emission right registration system and trading system was started in December 2017.

On December 19 of that year, the national development and Reform Commission announced that the national carbon emission trading system was officially launched with the power generation industry as a breakthrough.

On the same day, the national development and Reform Commission signed a cooperation agreement with the nine provincial and municipal governments on the construction, operation and maintenance of the national carbon emission right registration and trading system, which determined that Hubei Province and Shanghai city would be the leading provinces and cities in the construction of the national carbon emission right registration system and trading system, and Beijing, Tianjin, Jiangsu, Fujian, Guangdong, Chongqing and Shenzhen would participate in the construction And system construction and operation and maintenance.

Among them, Beijing, Shanghai, Shenzhen, Chongqing, Guangdong, Tianjin and Hubei are the first batch of carbon quota trading pilot areas in 2011. Fujian started carbon trading market on December 22, 2016, becoming the eighth carbon trading pilot area in China.

In addition, Jiangsu is also the province that started carbon trading pilot earlier nationwide. In July 2013, Jiangsu Provincial Development and Reform Commission announced that the province would carry out carbon emission trading in three national low-carbon pilot cities, such as Suzhou, Zhenjiang and Huai'an, and then promote the work in the whole province in three years.

In early November 2019, the Ministry of ecology and environment issued the "national carbon emission rights trading management measures (Trial)" and "national carbon emission rights registration and settlement management measures (Trial)" (Draft for comments). Since then, the construction of national carbon emission trading market has been accelerating.

At present, the launch time of the national carbon emission trading market has been initially determined. When Huang Runqiu, Minister of the Ministry of ecology and environment, went to Hubei Province and Shanghai city from February 26 to 27 to investigate the construction of carbon market, he required to ensure that the national carbon market would start online trading before the end of June this year.

Shanghai is the first region in China to establish carbon emission trading institutions and systems. As early as 2008, China's first environmental equity trading institution, the environmental exchange, was established. Then, Shanghai took the lead in the construction of the pilot trading system in 2011, and officially started the operation of the trading market in November 2013.

As a platform of Shanghai United Property Exchange, the environment exchange is the designated implementation platform of Shanghai carbon trading pilot, and is also the China Certified voluntary emission reduction trading platform registered by the national development and Reform Commission.

On March 18, the environmental protection exchange disclosed that Shanghai took the lead in undertaking the construction of national carbon emission trading system and trading institutions. At present, the trading system has been initially completed, and the construction of trading institutions and other related work are being carried out in an orderly manner.

"At present, it is being promoted in accordance with the national work plan." Relevant staff of the exchange told reporters on March 19.

On March 16, Jin Penghui, deputy director of the Shanghai headquarters of the people's Bank of China and President of Shanghai Branch, visited Shanghai environment and energy exchange for investigation.

In the survey, Zhou Xiaoquan, President of Shanghai Stock Exchange, said that we should focus on two things: first, relying on the Shanghai Environment Exchange to complete the establishment of national trading institutions as soon as possible to realize the launch of national carbon emissions trading on schedule; second, according to the requirements of Shanghai's "five centers" construction, explore and promote the development of carbon finance, so as to make it an important part of the international financial center.

In terms of the national carbon trading registration system, according to the Hubei Provincial Department of ecological environment on March 11, the system is the first national functional platform with financial functions. This platform took three years to prepare, and is currently handling account opening procedures for 2225 performing enterprises.

Hubei carbon emission trading center related people on March 19 to the 21st century economic report reporter said that a new enterprise body will be set up to take charge of the national carbon trading registration system, "registration work is being done at present.". "Who is the shareholder (of the new company) has not been made public." The person said. As for when the registration system will be opened, the person also said that "the system is still docking" and is not sure.

At least 13 listed companies may hold shares

It is reported that in order to "ensure the state-owned and public welfare attributes of funds", the two institutions in Shanghai and Wuhan are jointly funded and supported by nine joint construction provinces and cities. The ownership structure of the two institutions is the same, but there are differences in the form of formation and capital contribution.

In terms of equity structure, the equity of trading institutions and registration institutions will be held by carbon exchanges of the first nine pilot provinces and cities respectively.

In the national carbon trading registration system, the implementing agencies designated by the people's Government of Hubei province hold 24% of the shares, while the implementation agencies designated by the people's governments of other eight provinces and cities hold an average of 9.5% of the shares respectively.

In the national carbon emission trading system, the implementation agencies designated by the Shanghai Municipal People's government hold 24% of the shares, while the implementation agencies of other 8 provinces and cities each hold 9.5% shares.

In the form of formation, Hubei will set up a new company as the main body of the national carbon trading registration system. This has been confirmed by relevant staff.

It is reported that Shanghai will no longer set up a new company, but will choose the environmental protection exchange as the main enterprise of the national carbon emission trading system. The reporter verified the Shanghai environmental protection exchange on the form of establishment and ownership structure, and relevant personnel did not make further response.

On March 19, a person close to the policy-making disclosed in an interview with the media that the above-mentioned plan has been completed and the provinces and cities jointly built have solicited opinions. The establishment of the two institutions in the above way is to fully consider the requirements of clearing up and rectifying the inter ministerial joint meeting system of various trading places led by the CSRC.

"At present, the audit and communication work is in full swing, and the scheme has been adjusted according to the opinions of the competent departments and the feedback from various provinces and cities, and the final plan has yet to be determined through communication." The person said.

According to the statistics of 21st century economic report, at least 13 listed companies in China hold shares of local carbon emission rights exchanges. After the establishment of the national carbon market trading institutions in the future, 13 listed companies may hold the corresponding proportion of shares in the trading institutions.

According to qixinbao data, Changyuan electric power (000966. SZ) and national inspection group (603060. SH) both hold 9.0909% equity of Hubei carbon emission trading center; Industrial Securities (601377. SH) and Mindong Electric Power (000993. SZ) respectively hold 21.4286% and 4.7619% shares of Fujian Strait equity trading center; Financial Street (000402. SZ) holds 19.9774% shares of Beijing Green Exchange and CNOOC development Shenzhen Energy (000027. SZ), Huayin electric power (600744. SH) and Huaneng International (6000111. SH) respectively hold 12.5805%, 7.50% and 3.1476% shares of Shenzhen emission rights exchange; China Power Construction (601669. SH) indirectly holds 7.9660% equity of Sichuan United environment exchange; Chongqing gas (600917. SH) and Chongqing Department Store (600729. SH) share It also holds 4.8781% and 2.0906% shares of Chongqing United equity exchange; Huaneng hydropower (600025. SH) indirectly holds 0.6667% equity of Shanghai environment and energy exchange, and Huaneng International indirectly holds 0.3267% equity of the exchange.

It is worth mentioning that after the emergence of the national carbon emission trading market structure, it is reported that CGNPC (000881. SZ) also holds shares in Shenzhen emission trading exchange. The reporter sent a telegram to CNKI on this, and the relevant personnel told the reporter that the news was not true. CGN technology did not hold the equity of Shenzhen emission agency. "We have denied this news many times on the investor interaction platform." CGN technology related people said. Qixinbao data also shows that CGN's main technology company does not hold shares in Shenzhen emission rights exchange.

(Editor: Bao Fangming)

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