Machine Translated by Google appendix Guidelines for Green Bond Issuance In order to implement the Eighteenth National Congress of the Communist Party of China and the Second, Third, Fourth and Fifth Plenary Sessions of the Eighteenth Central Committee In accordance with the "Opinions of the Central Committee of the Communist Party of China and the State Council on Accelerating the Construction of Ecological Civilization", "Notice of the Central Committee of the Communist Party of China and the State Council on Printing the Overall Plan for the Reform of the Ecological Civilization System" to actively leverage corporate bond financing to promote green development, promote energy conservation and emission reduction, and solve Highlighting the supporting role of environmental issues, addressing climate change, developing energy conservation and environmental protection industries, etc. Guide and encourage social investment, help the adjustment and optimization of economic structure and accelerate the transformation of development mode, Developed this guide. 1. Scope of application and focus of support Green bonds refer to funds raised mainly to support technological transformation of energy conservation and emission reduction, green urbanization, clean and efficient utilization of energy, development and utilization of new energy, development of circular economy, Water resources conservation and unconventional water resources development and utilization, pollution prevention and control, ecological agriculture and forestry, energy conservation Energy and environmental protection industry, low-carbon industry, ecological civilization pilot demonstration experiment, low-carbon pilot demonstration, etc. Corporate bonds for green recycling and low carbon development projects. The current focus of support is: (1) Energy-saving and emission-reduction technology transformation projects. Including ultra-low emissions and energy savings from coal-fired power plants transformation, as well as the utilization of waste heat and pressure such as waste heat to warm people, the improvement of energy saving and environmental protection of coal-fired boilers, Energy efficiency improvement of motor system, comprehensive improvement of enterprise energy efficiency, green lighting, etc. (2) Green urbanization projects. Including green building development, building industrialization, both There are building energy-saving renovation, sponge city construction, smart city construction, smart grid construction, 1 Machine Translated by Google Construction of new energy vehicle charging facilities, etc. (3) Projects for clean and efficient utilization of energy. Efficient energy including coal, oil, etc. Clean utilization. (4) New energy development and utilization projects. including hydro, wind, nuclear, solar, Development and utilization of biomass energy, geothermal energy, shallow geothermal energy, ocean energy, and air energy. (5) Circular economy development projects. Including the recycling of industrial parks, waste Resource utilization, agricultural circular economy, remanufacturing industry, etc. (6) Water resource conservation and unconventional water resource development and utilization projects. including water saving Manufacturing, seawater (brackish water) desalination, reclaimed water utilization, etc. (7) Pollution prevention and control projects. Including the construction of environmental infrastructure such as sewage and garbage, large-scale Treatment of outstanding environmental problems such as gas, water, soil, etc., treatment of hazardous waste, medical waste, industrial tailings, etc. dispose of. (8) Ecological agriculture and forestry projects. Including the development of organic agriculture, ecological agriculture, and Special economic forest, under-forest economy, forest tourism and other forest industries. (9) Energy conservation and environmental protection industry projects. Including major equipment for energy conservation and environmental protection, technology industries energy management, energy conservation and environmental protection industrial base (park) construction, etc. (10) Low-carbon industry projects. Including low-carbon technologies and related equipment promoted by the state Industrialization of equipment, low-carbon product production projects, low-carbon service-related construction projects, etc. (11) Ecological Civilization Pilot Demonstration Experiment Project. Including the first demonstration of ecological civilization Resource conservation, circular economy development, environmental protection, ecological construction and other projects in the district. (12) Pilot demonstration projects for low-carbon development. Including low-carbon provinces and cities pilots, low-carbon cities (Town) pilot, low-carbon community pilot, low-carbon park pilot low-carbon energy, low-carbon industry, 2 Machine Translated by Google Low-carbon infrastructure construction and carbon management platform construction projects such as low-carbon transportation and low-carbon buildings. According to the actual situation, our committee will adjust the green funds that can be financed by market-oriented methods in a timely manner. The scope of projects and green bond support, and continue to innovate and launch new bonds in the field of green development Variety of coupons. 2. Audit requirements (1) On the basis of complete relevant procedures and perfect debt repayment guarantee measures, green bond In accordance with the “speed up and simplification of review” bond review procedures of our commission, the review efficiency will be improved. (2) For companies applying for the issuance of green bonds, the current review of corporate bonds may be appropriately adjusted The policy and the departments stipulated in the "Several Opinions on Comprehensively Strengthening the Risk Prevention of Enterprise Bonds" Sub-entry conditions: 1. The proportion of funds raised from bonds in the total investment of the project is relaxed to 80% (relevant regulations apply to unless otherwise required by the minimum capital requirement). 2. Enterprises issuing green bonds are not subject to bond issuance quotas. 3. On the premise that the asset-liability ratio is lower than 75%, no consideration will be given to the verification of the scale of bond issuance The scale of credit products of other companies in the enterprise. 4. Encourage listed companies and their subsidiaries to issue green bonds. (3) Support green bond issuers to use bond funds to optimize debt structure. exist Under the condition that the debt repayment guarantee measures are perfect, enterprises are allowed to use no more than 50% of the bonds raised Funds are used to repay bank loans and supplement working capital. Subject credit rating AA+ and operating Issuers with better conditions can use the raised funds to replace the funds generated by green projects under construction. high cost debt. (4) Bond-issuing enterprises can scientifically design green 3 Machine Translated by Google Bond issuance plan, support reasonable and flexible setting of bond maturity, options and principal and interest repayment parties Mode. (5) Basin, regional or the same for third-party control enterprises of environmental pollution pollution control projects, as well as energy-saving and water-saving service companies to provide corresponding services to obtain projects Projects that carry out energy-saving and water-saving renovation projects in the contract management mode of contracting customers' energy-saving and water-saving benefits, Encourage project implementation entities to issue green bonds in a collective form. (6) Allow green bonds to be issued privately to institutional investors. private offering No more than 200 institutional investors subscribed at the time, and a single subscription of no less than 5 million people Coins, and must not use advertising, public persuasion and disguised publicity. 3. Relevant policies (1) Local governments should actively guide social capital to participate in green project construction, encourage Local governments have adopted various means such as investment subsidies, guarantee subsidies, bond interest discounts, and fund injections. support the issuance of green bonds and the implementation of green projects, and steadily expand the proportion of direct financing. (2) Expanding channels for guarantee credit enhancement. Allow project income not to be within the duration of the bond For issuers that cover the total investment, only the difference between the project income and the bond principal and interest scale Provide a guarantee. Encourage local governments at or above the municipal level to set up local green bond guarantee bases Funds are earmarked for providing guarantees for the issuance of green bonds. Encourage exploration and adoption of carbon emission rights, Benefit rights such as pollution discharge rights, energy use rights, and water rights rights, as well as intellectual property rights and expected green benefits Pledge and other credit enhancement guarantee methods. (3) Promote green projects to adopt the “debt-loan portfolio” credit enhancement method, and encourage commercial banks Coordinate management of bonds and loans. "Debt-loan portfolio" is based on "unified financing planning, debt-loan combination" The model of unified credit granting, dynamic and long-term monitoring, and whole-process risk management, with the bank for the enterprise 4 Machine Translated by Google Formulate a systematic financing plan, and allocate corporate bonds and loans according to the financing needs of project construction Unified into the bank's comprehensive credit management system, the implementation of full management of corporate debt financing. (4) Actively carry out the innovation of bond varieties. For those with a stable source of debt repayment funds Green projects can be developed according to the closed operation mode of financing-investment-construction-recovery funds. Project income bonds; for projects with a longer payback period, the issuance of renewable or ultra-long-term bonds is supported coupons. (5) Support eligible equity investment companies and green investment funds to issue green Bonds, specially used to invest in green project construction; support eligible green investment funds Shareholders or limited partners issue green bonds to expand the capital scale of green investment funds. (6) In order to promote green project construction funds in full, encourage green projects to adopt A financing method combining special construction funds and green bonds. Approved to issue green bonds Green projects that meet the central budget investment and special construction fund support conditions, Support will be given priority. 5