Five departments are working together to accelerate the establishment of a mechanism to promote green energy consumption. On March 19, 2025, the photovoltaic ETF, Ping An (516180), experienced a midday surge, turning positive and aiming for its fourth consecutive increase.
As of the closing on March 19, the China Securities Photovoltaic Industry Index (931151) rose by 0.09%. Among the component stocks, Gaoce shares (688556) increased by 12.00%, Goodwe (688390) by 9.99%, Jinlang Technology (300763) by 4.72%, Hemai shares (688032) by 3.91%, and Deye shares (605117) by 3.79%. The photovoltaic ETF Ping An (516180) saw a rise of 0.16%, aiming for its fourth consecutive increase. The latest price was reported at 0.63 yuan, with a trading volume of 1.22 million yuan and a turnover rate of 1.79%. Over the past week, as of March 18, 2025, the photovoltaic ETF Ping An had accumulated a rise of 1.94%. In terms of scale, the latest size of the photovoltaic ETF Ping An reached 68.8689 million yuan, marking a near three-month high.
To better educate the public on the fundamentals of green certificates and green electricity, to promote relevant industry policies, and to meet user demand for green certificates and electricity, the National Energy Administration released the “Hundred Questions and Answers on China’s Renewable Energy Green Power Certificate (2025 Edition)” on March 17. This document provides detailed answers to 100 common questions regarding green certificates.
On March 18, the National Development and Reform Commission, along with four other departments, released opinions aimed at promoting the high-quality development of the renewable energy green power certificate market. They proposed a gradual legal implementation of mandatory green certificate consumption, while gradually increasing the proportion of green electricity consumption and using green certificates for accounting. The plan aims to enhance the green electricity consumption ratio among enterprises in industries such as steel, non-ferrous metals, building materials, petrochemicals, chemicals, and data centers, ensuring that by 2030, it meets or exceeds the national average responsibility weight for renewable energy power consumption. Furthermore, for newly established data centers at national hub nodes, the green electricity consumption ratio is expected to rise further from the current 80% baseline.
In eligible regions, there will be efforts to create a series of green factories and parks with high ratios of green electricity consumption, encouraging them to achieve 100% green electricity consumption. Information regarding green electricity consumption will be integrated into the Environmental, Social, and Governance (ESG) reporting system for listed companies. Investors can capitalize on opportunities in related industrial sectors through photovoltaic ETF Ping An (516180) and new materials ETF Ping An (516890).
The photovoltaic ETF Ping An closely tracks the China Securities Photovoltaic Industry Index, which selects no more than 50 representative listed company securities involved in the photovoltaic industry chain, encompassing upstream, midstream, and downstream sectors, to reflect the overall performance of photovoltaic industry listed companies. Data as of February 28, 2025, indicates that the top ten weighted stocks in the China Securities Photovoltaic Industry Index (931151) are Longi Green Energy (601012), Sungrow Power Supply (300274), TCL Technology (000100), TBEA (600089), Tongwei Co. (600438), TCL Zhonghuan (002129), JinkoSolar (688223), JA Solar Technology (002459), Chint Electric (601877), and Deye shares (605117), with these ten stocks accounting for a total of 55.75% of the index.
The new materials ETF Ping An closely follows the China Securities New Materials Theme Index, which selects 50 listed company securities involved in advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and other key strategic materials, to reflect the overall performance of new materials theme listed companies. As of February 28, 2025, the top ten weighted stocks in the China Securities New Materials Theme Index (H30597) are CATL (300750), North Huachuang (002371), Wanhua Chemical (600309), Longi Green Energy (601012), Tongwei Co. (600438), Sanhua Group (300408), Huayou Cobalt (603799), Sanan Optoelectronics (600703), Baofeng Energy (600989), and GreeenMei (002340), with these ten stocks accounting for a total of 53.41% of the index.
Related products include the photovoltaic ETF Ping An (516180), Ping An Photovoltaic Index Fund (Class A: 012722; Class C: 012723), and new materials ETF Ping An (516890).
