The fund manager of “Penghua Shenzhen Energy REIT” is Penghua Fund Management Co., Ltd., the financial consultant is Guosen Securities Co., Ltd., and the originator is Shenzhen Energy Corporation. Its underlying asset Shenzhen Energy Eastern Power Plant (Phase I) Project, located in Dapeng New District of Shenzhen, uses clean fuel and adopts the integrated gasification combined cycle (IGCC). It was a major construction project of Guangdong Province and Shenzhen during the 11^thFive-year Plan period and was completed in 2008. “Penghua Shenzhen Energy REIT” offers 600 million shares with a scale of CNY3,537.6 million. All the proceeds from the offering will be used to invest in and build theoriginator’s clean energy projects. During the offering period, the initial subscription ratio of offline investors is over 109, and that of public investors is over 86, reflecting investors’ full recognition of REITs from the clean energy industry and the assets of the program.

SZSE has always been adhering to its “innovation and growth” features and actively serving the national strategy of “carbon peak and carbon neutrality”. Specifically, it firmly supports quality enterprise equity and debt financing according to the low-carbon and sustainable development requirements, pushes for the formation of a low-carbon and sustainable finance system, and facilitates the low-carbon transformation of the economy and society.

Next, under the leadership of CSRC, SZSE will continue to give full play to its advantage in gathering quality enterprises with low levels of energy consumption and emission or in new economical fields. With low-carbon and sustainable development as a key field to gather innovation capital, it will guide the capital market to support the low-carbon transformation of the economy and society in a vigorous, orderly and effective manner.

First, SZSE will push for issuance and listing of more infrastructure REITs in low-carbon fields.It will deepen pilot projects of infrastructure REITs, and support and encourage projects that are in line with low-carbon and sustainable development idea such as clean energy, low-carbon parks, low-carbon transportation and environmental protection to apply for issuance of infrastructure REITs.

Second, SZSE will intensify services to enterprises in low-carbon industries.It will support early-stage cultivation of potential projects, push for approval of qualified projects, and speed up launch of mature projects. Meanwhile, as well as strengthen communication with and services for pilot zones for green finance reform, low-carbon industry clusters, and key enterprises in low-carbon industries, and increase the proportion of direct financing to quality enterprises in low-carbon fields.

Third, SZSE will extend the list of low-carbon and sustainable financial products.It will continue to develop more multi-tiered sustainable financial products such as green bonds, low-carbon index, low-carbon fund, infrastructure REITs, step up innovation, and build a low-carbon product list with a complete range of types.

Fourth, SZSE will establish and improve the system of rules on low-carbon and sustainable finance.It will keep refining supporting rules and regulations in terms of listing review, existence and maintenance regulation, information disclosure, etc., to provide all-round support to the innovation-oriented development of low-carbon and sustainable fields.