This business is a fully online carbon pledge financing model jointly created by the Shanghai Clearing House, the Carbon Exchange Center, and commercial banks. In this business, the borrower uses carbon emission rights as the pledged collateral and pledges them to the commercial bank to obtain funds. All processes such as registration, valuation, pledge, and loan disbursement are completed online. This business effectively helps enterprises utilize their carbon assets, expand financing channels, and promote energy conservation and emission reduction as well as green transformation of enterprises. It has been launched on the Guangdong Carbon Market and the Hubei Carbon Market.