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 March 2024 against the CGT.
14 green bonds supporting projects on climate mitigation have been newly identified as CGT-aligned, with a total scale of RMB20.12 billion. Among these, 12 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
|
Number
|
Bond
|
Issuing Amount (RMB/100 Million)
|
|
1
|
SUYIN FINANCIAL LEASING GREEN BOND 24(01) BC
|
15
|
|
2
|
SHAOXING RAIL TRANSIT GROUP GN 24(001)
|
5
|
|
3
|
CHONGQING METRO GN 24(002)(CNB)
|
10
|
|
4
|
NANJING METRO GN 24(001)(CARBON NEUTRAL BOND)
|
10
|
|
5
|
NANJING METRO GN 24(002)(CARBON NEUTRAL BOND)
|
10
|
|
6
|
TONGWEI GN 24(003)(TECH INNO NOTES)
|
5
|
|
7
|
BANK OF JIANGSU GREEN BOND 24(02)
|
100
|
|
8
|
LINYI FINANCE GN 24(001) (CARBON NEUTRAL BOND)
|
1.75
|
|
9
|
RONGHE FINANCING GN 24(002) (CARBON NEUTRAL BOND)
|
5
|
|
10
|
WAN ENERGY MTN 24(001)(CARBON NEUTRAL BOND)
|
5
|
|
11
|
CN NUCLEAR LEASING MTN 24(002)(RURAL REVITALIZATION)
|
3
|
|
12
|
ZHENGZHOU METRO GN 24(002)
|
5
|
|
13
|
NANJING METRO MTN 24(003)(GREEN)
|
10
|
|
14
|
GD GN 24(001)
|
16.45
|
In March 2024, 7 CGT-aligned Chinese outstanding green bonds were due. The specific details are as follows:
Table 2: Matured Relabelled Green Bonds
|
Number
|
Bond
|
Issuing Amount (RMB/100 Million)
|
|
1
|
19 CHENGDU RAIL TRANSIT GROUP GN001
|
30
|
|
2
|
19 NANJING METRO GROUP GN001
|
20
|
|
3
|
21 WUHAN METRO EXTENDABLE 01
|
20
|
|
4
|
21 CRT GN001
|
10
|
|
5
|
21 CRT GN002
|
10
|
|
6
|
21 GDPD GN001
|
8.4
|
|
7
|
CHINA NUCLEAR LEASING SCP 23(003)(GREEN)
|
3.8
|
As of March 31, 2024, expert group has identified a total of 282 CGT-aligned Chinese green bonds traded in the interbank market, 228 of which remain in duration.
Click here for the list of CGT aligned Chinese green bonds (April 2024 version)
