Issue energy guarantee asset securitization products (ABS), innovate and launch special energy guarantee bonds, and build a "green channel" for power guarantee loans In view of the still great pressure on the supply and demand of electricity and coal this winter and next spring, China's relevant financial management departments, financial institutions and energy enterprises have deployed in many ways to form a joint force, innovate financial services for energy supply, and strive to ensure the basic life of the people and the stable operation of the economy through supply guarantee. Various parties continue to make efforts to unblock financial service channels Since the beginning of this year, energy prices in the international market have risen sharply, and the supply and demand of domestic electricity and coal have remained tight. A variety of factors have led to "switching off and power rationing" in some places recently. How to strengthen energy supply security? How to support energy supply with financial instruments? In this regard, China's relevant departments have deployed in many aspects. On October 8 this year, the executive meeting of the State Council made arrangements to further improve the supply of electricity and coal this winter and next spring. The meeting pointed out that in view of the difficulties of coal power enterprises, we should implement phased tax deferment policies, guide and encourage financial institutions to ensure the reasonable financing needs of coal power enterprises such as coal purchase; Local governments are encouraged to implement phased preferential policies for small and micro enterprises and individual industrial and commercial households. As one of the financial management departments, the cbcirc is also actively doing a good job in financial support for energy supply. Wang Chaodi, chief inspector of the CBRC, said not long ago that the CBRC would urge financial institutions to give reasonable credit support to coal power, coal, heating and other enterprises and projects that meet the support conditions; Establish a rapid response mechanism to provide services in opening up green channels. At the same time, guide banks and insurance institutions to actively cooperate with local governments to support the main coal power producing areas and key coal enterprises and power generation enterprises in Shanxi, Shaanxi, Inner Mongolia and Xinjiang, and increase the supply of power coal. The service channels for financial guarantee of power coal supply are constantly expanding, and a number of energy central enterprises have taken effective measures to actively layout the financial instruments for energy guarantee. As a financial service platform for the energy supply chain, the national energy factoring company under the national energy group gives full play to the advantages of industry finance combination and professional platform, seizes the favorable opportunity, speeds up product issuance, provides low-cost and efficient financial services for the production and operation of coal power units, and better supports the stability of coal power supply and price stability; China Huadian is also actively raising relevant financial support with the help of financial instruments in ensuring power generation and heating. By the end of October, China Huadian's coal turbine power generation had increased by 16.5% year-on-year, and its heating capacity had increased by 18.5% year-on-year since October. It raised and implemented various guarantee funds of 6.9 billion yuan. Innovating financial products to help ensure energy supply Financial services and energy supply guarantee focus on implementation and innovation. At the call of the financial management department, many energy central enterprises actively give full play to the functions of financial business in the system, make every effort to provide energy guarantee and financial services, deeply promote the combination of industry and finance, and make new progress in promoting production with finance. It is reported that in order to implement the notice on matters related to serving the normal production of the coal power industry and the orderly circulation of the commodity market to ensure the smooth operation of the economy issued by the CBRC, the capital holding company of the national energy group and its affiliated units have taken positive actions and taken effective measures to actively do a good job in the financial service support of energy supply. Recently, the "National Energy Group - ICBC ruitou - energy protection and supply phase 1-20 asset support special plan" obtained the no objection letter from Shanghai Stock Exchange and was approved for issuance. The storage rack scale was 15 billion yuan. The national energy factoring company affiliated to the national energy group capital holding company, as the original equity holder, provided credit enhancement support to the national energy group. Guoneng insurance brokerage company gives full play to the advantages of insurance guarantee and risk management, makes use of the local service advantages of the branch, meets the insurance service needs of units in the "power and production restriction" region, and customizes the insurance service scheme to protect the normal production and operation of the enterprise during the guarantee period; Innovate insurance products and services, actively develop energy industry chain supply chain insurance products, further extend insurance service functions and improve the professional level of insurance services. On November 5, Huadian Furui successfully issued the first batch of national debt financing instruments (ultra short-term financing bonds) for energy guarantee and supply, with a term of 51 days and an interest rate of 2.25%. The raised funds are used for daily operation turnover such as coal procurement of thermal power enterprises and stock debt replacement. Ren Tao, a distinguished researcher of the national finance and development laboratory, said that for coal power enterprises with temporary difficulties due to rising costs, they should timely meet the short-term capital needs, give appropriate risk tolerance, increase loan support such as working capital, and give full medium and long-term financial support to enterprises in line with the guidance of green and low-carbon development policies. (outlook new era)