The Rizhao paper industry and pulp integrated industrial cluster has been selected as one of the "Top Ten Industries" in Shandong Province for 2025, and is one of the twelve key industrial chains in Rizhao. In recent years, with the deep implementation of the national dual carbon strategy, the low-carbon transformation and upgrading of the paper industry has become an important development direction for the industry. As an important part of the green finance article, transition finance focuses more on providing financial support for the low-carbon transformation of high-emission fields, and plays an important role in serving the national green, low-carbon and high-quality development.
In September 2025, the People's Bank of China, Rizhao Branch, with the support and guidance of the Shandong Branch, focused on financial support for the low-carbon transformation of the pulp and paper industry, and took the lead in six departments to issue the first local standard for transformation finance in the paper industry in Shandong, the "Rizhao City Paper Industry Transformation Finance Implementation Guide", and actively promoted the application and implementation of the standard.
Asia-Pacific Senbo (Shandong) Pulp and Paper Co., Ltd. is the leading enterprise in the Rizhao pulp and paper integrated industrial cluster and one of the world's leading pulp and paper fiber vertical integration investment enterprises and one of the largest commodity wood pulp production enterprises in China. The People's Bank of China, Rizhao City Branch, guided Rizhao Bank to dynamically link the letter of credit handling fee with the enterprise's emission reduction performance based on the results of the enterprise's transformation main body recognition, and issued an international letter of credit of 120 million yuan for Asia-Pacific Senbo (Shandong) Pulp and Paper Co., Ltd., helping the enterprise focus on energy conservation and carbon reduction technology transformation, wastewater heat recovery and utilization, etc., to carry out transformation practice.
Rizhao Xiaolongtai Paper Industry Co., Ltd. has promoted the diversified layout of products and the transformation and upgrading of enterprises by increasing technological transformation. It has a production capacity of 200,000 tons of packaging paper and 10,000 tons of special paper. The People's Bank of Rizhao City Branch has guided Rizhao Bank to integrate transformation finance into serving the supply chain of enterprises, and has handled supply chain financing "Orange Loan" of 5 million yuan for the upstream customers of Rizhao Xiaolongtai Paper Industry Co., Ltd., and has agreed that if Xiaolongtai meets the carbon emission reduction performance, its upstream customers will enjoy interest rate preferences, so as to encourage enterprises to lead the supply chain to transform and develop in coordination.
The next step, the People's Bank of China Rizhao Branch, will continue to guide banking institutions to continuously expand the breadth and depth of financial services for the "five major articles", continuously increase the input of financial resources in the field of green transformation, innovate transformation financial products and services, and contribute financial strength to the green transformation and upgrading of high-carbon industries in the region.
