Five departments have initiated measures to accelerate the establishment of a mechanism for promoting green energy consumption. The photovoltaic ETF from Ping An (516180) showed a significant rise in the morning session, turning positive and aiming for its fourth consecutive increase.
As of March 19, 2025, at 11:30 AM, the China Securities Photovoltaic Industry Index rose by 0.09%, while the Ping An Photovoltaic ETF (516180) increased by 0.16%, targeting its fourth consecutive gain. The latest price is reported at 0.63 yuan, with an intraday trading volume reaching 1.2211 million yuan and a turnover rate of 1.79%.
By the midday close on March 19, 2025, the China Securities Photovoltaic Industry Index (931151) had risen by 0.09%. Among its constituent stocks, Gaoce Co., Ltd. (688556) surged by 12.00%, GoodWe (688390) increased by 9.99%, Jinlang Technology (300763) went up by 4.72%, Hemai Co., Ltd. (688032) rose by 3.91%, and Deyang Co., Ltd. (605117) was up by 3.79%. The Ping An Photovoltaic ETF (516180) also increased by 0.16%, continuing its streak towards a fourth gain.
Looking at a broader timeframe, by March 18, 2025, the Ping An Photovoltaic ETF had accumulated a weekly increase of 1.94%. In terms of scale, the latest size of the Ping An Photovoltaic ETF reached 68.8689 million yuan, marking a new three-month high.
To better educate the public about green certificates and green electricity, promote relevant industry policies, and meet user demands for these certificates, the National Energy Administration released the “China Renewable Energy Green Power Certificate Q&A (2025 Edition)” on March 17. This document addresses 100 common questions regarding green certificates in detail.
On March 18, the National Development and Reform Commission, along with four other departments, issued guidelines aimed at promoting the high-quality development of the green power certificate market for renewable energy. These guidelines advocate for the gradual implementation of mandatory green certificate consumption, increasing the proportion of green electricity consumption, and utilizing green certificates for accounting.
Industries such as steel, non-ferrous metals, building materials, petrochemicals, and chemicals, as well as data centers and other key energy-consuming sectors, are encouraged to increase their green electricity consumption. By 2030, these sectors should aim to meet or exceed the national average responsibility level for renewable energy power consumption. Furthermore, new data centers in national hub nodes are expected to increase their green electricity consumption from a base of 80%.
In areas with favorable conditions, initiatives will be taken to develop green electricity factories and parks that consume high proportions of green electricity, with the goal of achieving 100% green electricity consumption. Additionally, green electricity consumption information will be incorporated into the Environmental, Social, and Governance (ESG) reporting framework for listed companies.
Investors can leverage opportunities in related sectors through the Ping An Photovoltaic ETF (516180) and the Ping An New Materials ETF (516890). The Ping An Photovoltaic ETF closely tracks the China Securities Photovoltaic Industry Index, which selects up to 50 of the most representative listed companies involved in the photovoltaic industry chain to reflect the overall performance of these securities. As of February 28, 2025, the top ten weighted stocks in this index include Longi Green Energy (601012), Sungrow Power (300274), TCL Technology (000100), TBEA (600089), Tongwei (600438), TCL Zhonghuan (002129), JinkoSolar (688223), JA Solar (002459), Chint Electric (601877), and Deyang Co., Ltd. (605117), which collectively account for 55.75% of the index.
The Ping An New Materials ETF closely tracks the China Securities New Materials Theme Index, which selects 50 listed companies involved in advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and other strategic materials to reflect the overall performance of these securities. As of February 28, 2025, the top ten weighted stocks in this index are CATL (300750), Northern Huachuang (002371), Wanhua Chemical (600309), Longi Green Energy (601012), Tongwei (600438), Sanan Optoelectronics (300408), Huayou Cobalt (603799), Sanan Optoelectronics (600703), Baofeng Energy (600989), and Gree Green (002340), accounting for 53.41% of the index.
Related products include the Ping An Photovoltaic ETF (516180), Ping An Photovoltaic Index Fund (Class A: 012722; Class C: 012723), and the Ping An New Materials ETF (516890).
All content and data provided are for reference only and do not constitute investment advice. Please verify before use and proceed at your own risk.
