What happened
Shanxi Securities' general manager Wang Yili outlined the firm's shift from a 'channel intermediary' to a 'full-lifecycle industry empowerment service provider' in an interview with Securities Times.
The company is focusing on green finance and tech finance to support Shanxi's transition from a coal-heavy economy to one driven by new materials, advanced equipment, and future industries.
Shanxi Securities has set up specialized teams and a cross-departmental committee to better serve local industrial clusters and energy transformation projects.
Why it matters
As Shanxi deepens its energy revolution and fosters emerging industries, financial services must adapt to new demands, making this strategic pivot crucial for regional economic upgrading.
The move highlights how regional brokerages can align with local policy goals to drive sustainable transformation and support new quality productive forces.
Key facts
Shanxi is China's first comprehensive reform pilot zone for energy revolution and is transitioning from a 'coal province' to an 'energy powerhouse'.
By end of 2025, Shanxi had built 400 intelligent coal mines, with advanced coal capacity at 84%, and new/clean energy installed capacity reached 90.48 million kW, exceeding coal power for the first time.
Shanxi's 16 key industrial chains, including special steel, NEVs, and carbon fiber, generated over 788 billion yuan in revenue in 2025.
Shanxi Securities completed a green ABS project for Linfen heating, raising 800 million yuan to improve energy efficiency and reduce emissions.
What to watch next
How Shanxi Securities' new organizational capabilities and cross-border services will support local enterprises in using both domestic and international markets.
The development of future industries like quantum tech and green hydrogen in Shanxi, and the role of financial services in nurturing these sectors.