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 September 2026 against the CGT (2024).
12 green bonds have been newly identified as CGT-aligned, with a total scale of RMB 16.66 billion. Among these, 5 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
|
CND1000BJ170
|
TIANCHENG LEASING SCP 26(024)(GREEN)
|
5.00
|
|
2
|
CND1000BJ3Q7
|
XIANGYU FINANCIAL LEASING MTN 26(001)(GREEN)
|
2.00
|
|
3
|
CND1000BK8H2
|
CR LEASING MTN 26(002)(GREEN)
|
5.00
|
|
4
|
CND1000BJ899
|
FOSHAN WATER AND ENVIRONMENTAL PROTECTION MTN 26(002)(GREEN)
|
4.60
|
|
5
|
CND1000BJC46
|
CGN WIND ENERGY GN 26(007)(RURAL REVI)
|
15.00
|
|
6
|
CND1000BJCZ7
|
NANCHANG RAIL TRANSIT MTN 26(005)(GREEN)
|
10.00
|
|
7
|
CND1000BJHK8
|
CHENGDU CHONGQING RAILWAY PASSENGER DEDICATED LINE MTN 26(001)(GREEN)
|
10.00
|
|
8
|
CND1000BJRK7
|
TCL INDUSTRIAL MTN 26(001)(TWO NEW TECH INNO BOND)
|
15.00
|
|
9
|
CND1000BJW26
|
NINGDE TIMES MTN 26(007)(TECH INNOVATION BOND) B
|
5.00
|
|
10
|
CND1000BJW18
|
NINGDE TIMES MTN 26(007)(TECH INNOVATION BOND) A
|
40.00
|
|
11
|
CND1000BK400
|
NINGDE TIMES MTN 26(008)(TECH INNOVATION BOND)
|
50.00
|
|
12
|
CND1000BK3Z5
|
ZHENGZHOU TRANSPORTATION DEVELOPMENT MTN 26(002)(GREEN)
|
5.00
|
In September 2026, 12 CGT-aligned Chinese outstanding green bonds were due. The specific details are as follows:
Table 2: Matured Relabelled Green Bonds
|
Number
|
ISIN
|
Bond
|
Issuing Amount (RMB/100 Million)
|
|
1
|
CND10004MZQ9
|
GD GN 21(004) B (BLUE BOND)
|
2.00
|
|
2
|
CND10006ZZC6
|
HUANENG HYDROPOWER GN 23(015)
|
10.00
|
|
3
|
CND100070W41
|
HUANENG HYDROPOWER GN 23(016)(TECH INNO NOTES)
|
10.00
|
|
4
|
CND1000711F2
|
JINNENG POWER GN 23(011)(CARBON NEUTRAL BOND)
|
5.00
|
|
5
|
CND100071LY5
|
CHANGCHUN RAIL TRANS MTN 23(002)(CNB)
|
10.00
|
|
6
|
CND1000B1B77
|
NINGBO WATER SCP 25(001)(GREEN)
|
1.00
|
|
7
|
CND1000B89P6
|
TCL INDUSTRIAL SCP 26(001)(GREEN TWO NEW)
|
10.00
|
|
8
|
CND1000B8SR6
|
GUOXUAN HI-TECH GN 26(001)
|
5.00
|
|
9
|
CND1000B96S5
|
TIANCHENG LEASING SCP 26(010)(CARBON NEUTRAL BOND)
|
5.00
|
|
10
|
CND1000B9T61
|
CGN WIND ENERGY GN 26(001)
|
10.00
|
|
11
|
CND1000B9T53
|
CGN WIND ENERGY GN 26(002)
|
10.00
|
|
12
|
CND1000BD7G5
|
CGN WIND ENERGY GN 26(005)
|
15.00
|
As of September 30, 2026, expert group has evaluated a total of 627 CGT-aligned Chinese green bonds traded in the interbank market, 348 of which remain in duration.
The 348 outstanding bonds account for 26.4% of the total number of outstanding green bonds in the interbank market, with an issuance scale of RMB 396.813 billion, accounting for 17.7% 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 93.3%, 4.6%, 0.1% and 2.0% respectively. The top three allocations of use of proceeds are D1.3 Electricity generation from wind power (21.5%), H1.1 Construction and operation of public transportation system in urban and rural areas (19.3%), and D1.5 Electricity generation from hydropower (18.8%).
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 (October 2026 version)
