To further promote the opening of China’s green bond market, and enhance the role of the Common Ground Taxonomy (CGT) in facilitating cross-border flows of green capital, the expert group convened by the Green Finance Committee (GFC) of China Society for Finance and Banking has undertaken the relabelling work for green bonds newly issued in China’s interbank market in February 2024 against the CGT.

4 green bonds supporting projects on climate mitigation have been newly identified as CGT-aligned, with a total scale of RMB4.5 billion. Among these, 3 green bonds have already been aligned with the CGT during issuance. Each bond meets the specified technical requirements outlined in the Substantial Contribution Criteria of the CGT. The specific details are as follows:

Table 1: New Relabelled Green Bonds

In February 2024, 4 CGT-aligned Chinese outstanding green bonds were due. The specific details are as follows:

Table 2: Matured Relabelled Green Bonds

As of February 29, 2024, expert group has identified a total of 268 CGT-aligned Chinese outstanding green bonds traded in the interbank market, 221 of which remain in duration.

Click here for the list of CGT aligned Chinese green bonds (March 2024 version)