CITIC Securities: Zero-carbon parks poised to become the next major theme for green finance and industrial investment synergy

36Kr reports that a CITIC Securities research note states that in China, industrial parks hold dual strategic significance as carriers of economic growth and scenarios for carbon emission control. Guided by the Central Economic Work Conference and supporting policies from multiple departments, the construction of zero-carbon parks has become a systematic national project. According to CITIC Securities calculations, investment in zero-carbon retrofitting alone for national-level zero-carbon parks exceeds 100 billion yuan. In terms of sustainable financial instruments, green loans, ESG bonds, and green leases have already reached significant scale, aligning well with the characteristics of park capital expenditures: large outlays, long payback periods, and stable cash flows from certain assets. Cases such as Ordos Mengsu and Yancheng Dafeng Port have validated a commercial closed loop combining 'low-cost, traceable green power' with industrial agglomeration. Zero-carbon parks are expected to become the next major theme for the synergy between green finance and industrial investment.