China Galaxy Securities Co., Ltd. recently received a response from the China Securities Regulatory Commission regarding participation in carbon emission rights Trade. According to the response, the company is permitted to conduct self-operated Trade of carbon emission rights in legally sanctioned trading venues within China, but must strictly comply with relevant regulations and supervisory requirements. The China Securities Regulatory Commission requires the company to calculate its risk capital reserves based on 30% of the carrying amount of the carbon emission rights held. The company stated that it will operate in compliance with relevant regulations and in accordance with the requirements of the response, aiming to serve the real economy, reduce the overall societal cost of emissions reduction, and promote a...Show More

China Galaxy Securities Co., Ltd. recently received a response from the China Securities Regulatory Commission regarding participation in carbon emission rights Trade. According to the response, the company is permitted to conduct self-operated Trade of carbon emission rights in legally sanctioned trading venues within China, but must strictly comply with relevant regulations and supervisory requirements. The China Securities Regulatory Commission requires the company to calculate its risk capital reserves based on 30% of the carrying amount of the carbon emission rights held. The company stated that it will operate in compliance with relevant regulations and in accordance with the requirements of the response, aiming to serve the real economy, reduce the overall societal cost of emissions reduction, and promote a green low-carbon transformation of the economy. At the same time, the company will incorporate carbon emission rights Trade into its comprehensive risk management system to ensure the stable running of its operations. This move marks an important step for China Galaxy in the field of green finance and is expected to bring new growth points for the company's Business.