Five departments have launched initiatives to accelerate the establishment of a mechanism that promotes green energy consumption. As of the midday close on March 19, 2025, the CSI Photovoltaic Industry Index (931151) increased by 0.09%. Notable gains were seen in component stocks, including High Measurement Co., Ltd. (688556) which rose by 12.00%, GoodWe (688390) up by 9.99%, Jinlang Technology (300763) climbed by 4.72%, Hema Technology (688032) increased by 3.91%, and DeYe Co., Ltd. (605117) gained 3.79%. The Photovoltaic ETF Ping An (516180) also saw an increase of 0.16%, marking a potential four-day winning streak. 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 an increase of 1.94%.
In terms of scale, the latest size of the Photovoltaic ETF Ping An reached 68.86 million yuan, achieving a three-month high. To better educate the public on the foundational knowledge of green certificates and green electricity, promote industry-related policies, and meet the user demand for green certificates and green electricity while ensuring the legal rights of users, the National Energy Administration released the “2025 Edition of the Q&A on China’s Renewable Energy Green Power Certificates” on March 17. This document provides detailed answers to 100 common questions regarding green certificates.
On March 18, the National Development and Reform Commission and four other departments issued guidelines aimed at promoting the high-quality development of the renewable energy green power certificate market. The guidelines propose a gradual implementation of mandatory consumption of green certificates, with an aim to increase the proportion of green electricity consumption and utilize green certificates for accounting. There is a focus on enhancing the consumption of green electricity in key industries such as steel, non-ferrous metals, building materials, petrochemicals, and chemicals, as well as data centers, aiming for a consumption level by 2030 that is not lower than the national average responsibility weight for renewable energy electricity consumption. Additionally, for newly built data centers at national hub nodes, the proportion of green electricity consumption should be further increased beyond 80%.
In designated regions, initiatives will be established to create a number of green power factories and parks with a high proportion of green electricity consumption, encouraging them to achieve 100% green electricity usage. Information on green electricity consumption will also be included in the environmental, social, and governance (ESG) reporting framework for listed companies. Investors can take advantage of opportunities in related industry sectors through the Photovoltaic ETF Ping An (516180) and the New Materials ETF Ping An (516890).
The Photovoltaic ETF Ping An closely tracks the CSI Photovoltaic Industry Index, which selects up to 50 of the most representative listed companies involved in the photovoltaic industry chain from upstream to downstream sectors to reflect the overall performance of photovoltaic industry securities. As of February 28, 2025, the top ten weighted stocks in the CSI Photovoltaic Industry Index (931151) included LONGi Green Energy (601012), SunPower (300274), TCL Technology (000100), TEBA (600089), Tongwei Co., Ltd. (600438), TCL Zhonghuan (002129), JinkoSolar (688223), JA Solar (002459), Chint Electric (601877), and DeYe Co., Ltd. (605117), accounting for a total of 55.75%.
Similarly, the New Materials ETF Ping An tracks the CSI New Materials Theme Index, which includes 50 listed companies involved in advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and other strategic materials to reflect the overall performance of new materials securities. As of February 28, 2025, the top ten weighted stocks in the CSI New Materials Theme Index (H30597) were CATL (300750), North Huachuang (002371), Wanhua Chemical (600309), LONGi Green Energy (601012), Tongwei Co., Ltd. (600438), San’an Optoelectronics (300408), Huayou Cobalt (603799), San’an Optoelectronics (600703), Baofeng Energy (600989), and GEM (002340), which collectively accounted for 53.41%.
Related products include the Photovoltaic ETF Ping An (516180), Ping An Photovoltaic Index Fund (Class A: 012722; Class C: 012723), and the New Materials ETF Ping An (516890).
