According to Baidu Encyclopedia, Hubei Hongtai Group Co., Ltd. is a provincial state-owned enterprise in Hubei Province, which was established in 2022. Hubei Hongtai Group initiated the establishment of carbon market institutions such as Hubei Medium Carbon Asset Management Company by using its own financial resources and the synergistic advantages of "two carbon markets", aiming at creating innovative business chains and institutional clusters covering the whole process, all caliber and all elements of the carbon market, and bearing the pilot transformation and development of Hubei carbon market. Focusing on carbon inclusiveness, carbon standards, carbon education and other businesses, Hubei Hongtai Group has successively invested and established Wuhan Carbon Pratt & Whitney Management Co., Ltd., China Carbon (Beijing) Standard Technology Co., Ltd. and China Carbon Education Technology (Wuhan) Co., Ltd., among which Wuhan Carbon Pratt & Whitney Management Co., Ltd. is the first state-owned enterprise specializing in carbon inclusiveness in China, which has become a key link for Hubei Hongtai Group to complete the layout of professional operating institutions in the national, provincial and municipal carbon markets.