Shanghai Stock Exchange: Over 35 million tons of industrial solid waste were traded in more than a year

China News Service, Shanghai, November 3 (Reporter Chen Jing) Ren Lizhong, head of the solid waste resources trading business of the Shanghai United Assets and Equity Exchange (hereinafter referred to as the "Shanghai Stock Exchange"), disclosed to reporters on the 3rd that since its establishment more than a year ago, the Shanghai Stock Exchange Solid Waste Resources Trading Center (hereinafter referred to as the "Trading Center") has provided trading services for 68 industrial and waste companies in 18 provinces, transacting more than 35 million tons of industrial solid waste, saving 56.4578 million yuan in disposal costs for central enterprises, and the overall capital saving rate is 10.26%.

In September 2025, the Shanghai Stock Exchange established the Solid Waste Resources Trading Center to explore a new path to serve the country's green transformation in a market-oriented manner. It is committed to building a national solid waste trading hub and playing the role of "bridge" and "service provider" in the field of solid waste resource utilization. The above-mentioned transaction types cover bulk solid waste from coal-fired power plants such as fly ash, desulfurized gypsum, and slag, and continue to expand into a wider range of industrial solid waste areas. Ren Lizhong pointed out that the trading center does not directly "set" prices, but allows prices to truly reflect resource values, environmental costs and policy incentives.

The "Solid Waste Resources Trading and Circular Economy Development Conference" was held in Shanghai on the same day. The conference was co-sponsored by the Shanghai Stock Exchange and the Shanghai Circular Economy Association. Focusing on the theme of "Transaction + Technology + Capital to Promote the High-Quality Construction of Solid Waste Resources Industry and Financing Ecology", the conference gathered representatives from central state-owned enterprises, waste production and recycling enterprises, scientific research institutions, green financial institutions, industry associations and professional service institutions to discuss the market-oriented allocation path of solid waste resources.

Ren Juping, president of the Shanghai Circular Economy Association, believes that the rapid development of new industries and new infrastructure has brought new solid waste resources, and it is necessary to accelerate the construction of a comprehensive utilization system for these emerging solid waste resources.

On the same day, a group of central state-owned enterprise solid waste recycling cooperation projects were signed together. The project covers the resource utilization and cross-regional collaborative disposal of bulk industrial solid waste such as fly ash, slag, desulfurization gypsum, etc., aiming to achieve compliant disposal, cost reduction and efficiency improvement through market-based trading mechanisms.

During the roundtable discussion, the participants believed that the recycling of solid waste is not a matter for one party. It requires the establishment of a trading platform, the foundation of technology, the assistance of capital, and the joint participation of waste and waste recycling companies to form a mutually supportive industry and finance ecosystem. The next step should focus on completing shortcomings such as standard systems, data exchanges, and demonstration project replication.