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 July 2024 against the CGT.
12 green bonds supporting projects on climate mitigation have been newly identified as CGT-aligned, with a total scale of RMB 48 billion. Among these, 6 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
|
TONGWEI GN 24(007)(TECH INNO NOTES)
|
5.00
|
|
2
|
YUNAN POWER GEN MTN24(001)(GREEN)
|
5.00
|
|
3
|
RONGHE FINANCING MTN 24(004)(CARBON NEUTRAL BOND)
|
10.00
|
|
4
|
LU HONGQIAO GN 24(001)
|
3.00
|
|
5
|
YIXING TRANS MTN 24(003)(GREEN)
|
2.00
|
|
6
|
24 SHENERGY MTN001 (CARBON NEUTRAL BOND)
|
10.00
|
|
7
|
24 SCEI GN001
|
10.00
|
|
8
|
JINKAI ENERGY GN 24(002)(CARBON NEUTRAL BOND)
|
5.00
|
|
9
|
SENE NEW ENERGY MTN 24(003)(GREEN)
|
10.00
|
|
10
|
CDB BOND 2021 04
|
150.00
|
|
11
|
CDB GREEN BOND 22(01) CLEARING OFFERING/ CDB GREEN BOND 2022 01
|
150.00
|
|
12
|
CDB GREEN BOND 22(02) CLEARING OFFERING/ CDB GREEN BOND 2022 02
|
120.00
|
In July 2024, 8 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 CTG GN001
|
35.00
|
|
2
|
21 XIANGCHENG INVESTMENT MTN002 (Carbon Neutral Bond)
|
0.66
|
|
3
|
21 WUXI COMMUNICATIONS INDUSTRY MTN005 (Carbon Neutral Bond)
|
1.00
|
|
4
|
21 FINANCING GN001 (Carbon Neutral Bond)
|
10.00
|
|
5
|
21 SHENERGY MTN001 (Carbon Neutral Bond)
|
10.00
|
|
6
|
CNNP RICH ENERGY SCP 23(001) (GREEN)
|
5.00
|
|
7
|
CDB GREEN BOND 21(02)
|
30.00
|
|
8
|
CDB GREEN BOND 21(03) CLEARING OFFERING
|
100.00
|
As of July 31, 2024, expert group has identified a total of 325 CGT-aligned Chinese green bonds traded in the interbank market, 244 of which remain in duration.
The Common Ground Taxonomy (CGT) aligned bond data published on this and other websites as part of China’s bond labeling work by the Expert Group convened by the Green Finance Committee of China Society for Finance and Banking is public information. The Expert Group welcomes all individuals and institutions to disseminate and use these data, and to develop indices, products and related services on the basis of these data.
Click here for the list of CGT aligned Chinese green bonds (August 2024 version)
