Recently, the Ministry of Industry and Information Technology and the People's Bank of China jointly issued the "Notice on Utilizing Green Finance Policies to Support the Construction of Green Factories" (hereinafter referred to as the "Notice"). The issuance of the Notice builds a bridge for the deep integration of green finance and industrial green manufacturing, promotes the precise irrigation of industrial green transformation with financial "live water", and injects stronger impetus into the high-quality development of the manufacturing industry. In recent years, under the guidance of the "dual carbon" target, China's economic and social development has entered the fast lane of green transformation. In this process, relevant departments provide risk protection and financial support for the transformation of energy structure and the optimization and upgrading of industrial structure by guiding funds to clean energy, energy conservation and environmental protection, green transportation, and construction, effectively promoting the transformation of the economy towards green and low-carbon direction and promoting sustainable development. On the basis of existing green finance policies, the Notice establishes and improves four mechanisms: collaborative promotion mechanism, financial supply mechanism, supporting guarantee mechanism, and risk prevention mechanism, to effectively provide financial services for green factories and ensure that funds are invested in the green field. Green finance supports industrial green manufacturing and requires targeted efforts in key areas. The Notice specifies that three types of investment projects implemented by national green factories using green and low-carbon technologies will be given priority support. Firstly, we should encourage "increment" and focus on research and development as well as industrial applications, including major technological innovations in traditional industries for green and low-carbon development, bottleneck technologies, and short board equipment, as well as research and application projects for new technologies, products, and models in green and low-carbon industries, in order to break through the technological bottlenecks of industrial green transformation. Secondly, we need to address the issue of "stock" and focus on technological transformation and upgrading, supporting enterprises in energy conservation and carbon reduction, water conservation and pollution reduction, resource recycling, clean raw material and fuel substitution, upgrading environmental protection equipment, digital green collaborative upgrading, as well as the construction of green and low-carbon transformation and upgrading projects such as industrial green microgrids, digital energy and carbon management centers, and green data centers, to help enterprises improve their green development level from the production process. The third is to promote "reduction", focusing on supporting zero carbon factory construction projects, promoting the construction of zero carbon factories, guiding the country's green factories to deeply tap into the potential of carbon reduction, and creating a benchmark demonstration for industrial green transformation. These three types of projects cover key aspects of industrial green development, clarifying the implementation path for green finance support and ensuring precise investment and efficient use of funds. Financial support for the construction of green factories requires collaborative efforts from multiple parties to build a comprehensive green financial support system. In terms of mechanism construction, it is necessary to strengthen the connection between supply and demand. Provincial industrial and information technology departments organize green factories to fill in financing needs online, and the Ministry of Industry and Information Technology and the People's Bank of China jointly push financing demand information. Financial institutions provide financial support in accordance with market-oriented and rule of law principles, while strengthening monitoring and supervision to prevent credit risks and "greenwashing" and "greenwashing" behaviors. Financial institutions should further increase their support, improve internal management mechanisms, optimize approval processes, establish incentive mechanisms, and develop adaptive products such as non repayable loans and medium - to long-term loans; Expand direct financing channels and support eligible enterprises to issue green bonds and transition bonds; Make good use of structural monetary policy tools, improve risk sharing mechanisms, encourage local governments to establish fiscal interest subsidies or risk compensation funds, and guide policy financing guarantee institutions to provide credit enhancement services. Green finance, as a key tool for transforming ecological value into economic value, can solve the pain points of "large investment, long cycle, and indirect return" in ecological protection through market-oriented mechanisms, and become a bridge connecting ecological protection and economic development. With the continuous improvement of China's green finance system, green finance will continue to inject momentum into industrial green manufacturing, promoting higher quality and more sustainable development in the industrial sector. (New Society)