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SPIC holds conference to promote green industries overseas

February 17, 2023


Abstract : Chinese energy giant State Power Investment Corporation Limited (SPIC) on Wednesday held a promotion conference for overseas green emerging industries in east China's Shanghai.

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This photo shows a major onshore wind power project in northeast China's Liaoning Province, on Dec. 30, 2022. (Xinhua)

BEIJING, Feb. 17 (Xinhua) -- Chinese energy giant State Power Investment Corporation Limited (SPIC) on Wednesday held a promotion conference for overseas green emerging industries in east China's Shanghai, reported China Securities Journal.

During the event, four SPIC-affiliated companies involved in offshore business signed cooperation agreements on overseas green innovative development with CNIC Corporation Limited, Sino-CEEF Capital Management Company Limited, China Chengxin Green Finance Technology (Beijing) Co. Ltd and the Shaanxi branch of China Export & Credit Insurance Corporation.

The conference involved a round table discussion, where guests shared views and practical experience on topics including innovative business models of overseas green industries, as well as financing innovation opportunities. Perspectives on how green finance and technological innovation could boost the development of green emerging industries were also exchanged among the participants.

The deep integration of new energy technology with digital and intelligent technology has accelerated the energy industry's integrating with construction, metallurgy, transportation, finance and other sectors, said Qian Zhimin, chairman of SPIC, noting that the new round of energy revolution is thus showing a trend featured by diversity and intellectualization.

Earlier this month, SPIC subsidiary China Power International Holding Limited has issued three-year Panda bond in the amount of 800 million yuan (about 116.3 million U.S. dollars), which should be used to support clean energy projects in Belt and Road countries.

(Edited by Yu Huichen with Xinhua Silk Road, yuhuichen@xinhua.org)

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Keyword: SPIC green energy global business

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