List of CGT-Aligned Chinese Outstanding Green Bonds (January 2026 Version)

2026-02-06 08:40:24

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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 December 2025 against the CGT (2024).

14 green bonds have been newly identified as CGT-aligned, with a total scale of RMB 15.4 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	ISIN	Bond	Issuing Amount (RMB/100 Million)
1	CND1000B0G73	HN HYDROPOWER GN 25(012)(RURAL REVITALIZATION)	6.0
2	CND1000B0FT6	GUANGZHOU SEWAGE PURIFICATION GN 25(001)	3.0
3	CND1000B0HP0	TONGWEI GN 25(004)(TECH INNOVATION BOND)	5.0
4	CND1000B0H98	E ENERGY MTN 25(001)(CARBON NEUTRAL BOND)	3.5
5	CND1000B0NT0	CR LEASING GN 25(003)(CARBON NEUTRAL BOND)	5.0
6	CND1000B0RF0	CGN WIND ENERGY GN 25(006)(TECH INNOVATION BOND)	10.0
7	CND1000B0RM6	CGN WIND ENERGY GN 25(005)(TECH INNOVATION BOND)	10.0
8	CND1000B0RC7	THREE GORGES GN 25(007)(CARBON NEUTRAL BOND)	20.0
9	CND1000B0RD5	THREE GORGES GN 25(008)(CARBON NEUTRAL BOND)	20.0
10	CND1000B0W81	CGN WIND ENERGY GN 25(008)(TECH INNO BOND)	15.0
11	CND1000B0X80	CGN WIND ENERGY GN 25(007)(TECH INNO BOND)	15.0
12	CND1000B18J8	THREE GORGES GN 25(009)(CARBON NEUTRAL BOND)	20.0
13	CND1000B1B77	NINGBO WATER SCP 25(001)(GREEN)	1.0
14	CND1000B1C19	THREE GORGES GN 25(010)(CARBON NEUTRAL BOND)	20.0

In December 2025, 1 CGT-aligned Chinese outstanding green bond was due. The specific details are as follows:

Table 2: Matured Relabelled Green Bonds

Number

ISIN

Bond

Issuing Amount (RMB/100 Million)

CND10007FH63

LU HONGQIAO GN 23(003)

3.0

As of December 31, 2025, expert group has evaluated a total of 517 CGT-aligned Chinese green bonds traded in the interbank market, 305 of which remain in duration.

The 305 outstanding bonds account for 25.3% of the total number of outstanding green bonds in the interbank market, with an issuance scale of RMB 349.249 billion, accounting for 17% of the total scale of outstanding green bonds in the interbank market. Among them, the proportion of issuance scale with issuer rating of AAA, AA+, AA, and unrated is 93.2%, 4.5%, 0.1% and 2.2% respectively. The top three allocations of use of proceeds are D1.3 Electricity generation from wind power (25%), H1.1 Construction and operation of public transportation system in urban and rural areas (22.2%), and Electricity generation from hydropower (20.1%).

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 (January 2026 version)

1.List of CGT-Aligned Chinese Outstanding Green Bonds (November 2025 Version)

2.List of CGT-Aligned Chinese Outstanding Green Bonds (October 2025 Version)

3.List of CGT-Aligned Chinese Outstanding Green Bonds (September 2025 Version)

4.193 Chinese Outstanding Green Bonds Relabelled Against Common Ground Taxonomy

Attachment

List of CGT aligned Chinese green bonds (January 2026 version).pdf
List of CGT aligned Chinese green bonds (January 2026 version).xlsx