日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Carbon neutrality push promises robust growth for China's green bond market

Xinhua | Updated: 2022-02-10 15:33
Share
Share - WeChat
China's green bond market is likely to expand in 2022 and for years to come as the country is spurring investment into its pursuit of peaking carbon emissions. [Photo/IC]

BEIJING -- China's green bond market is likely to expand in 2022 and for years to come as the country is spurring investment into its pursuit of peaking carbon emissions and reaching carbon neutrality, analysts and industry insiders say.

Explosive issuance growth in January has ushered in the potential for a good year for green bonds. A total of 56 bonds worth 88.06 billion yuan ($13.83 billion) were issued -- nearly 13 times the value issued in the same month last year, according to data from financial information provider Wind.

Of the total, green credit bonds issued by non-government entities hit 55.46 billion yuan, increasing from 4.53 billion yuan in January 2021.

Green bonds, prominent green financing tools, are now star assets in China's bond market, said Fan Wei from Shenwan Hongyuan Securities.

Investors appreciate the potential contribution of green bonds to China's peaking of carbon emissions by 2030 and achieving carbon neutrality by 2060, as they are designed to raise money for environmental or climate projects, including carbon-reduction technologies, said Ding Xiaofeng, an analyst with China Fortune Securities.

Green bonds usually have lower interests rates than other bonds of the same maturity and rating, and can help companies save financing costs, Ding said.

Launched in 2015, China's green bond market is becoming increasingly brisk and orderly thanks to supportive policies.

Last April, the country released a new version of its catalog of projects eligible for financing through green bonds to align with global standards regarding green bond usage. A series of detailed regulations followed in September to nurture credit rating institutions for green bonds.

More categories of green bonds emerged last year for investors. The Shanghai Stock Exchange rolled out regulatory guidelines for two new types of bonds designed to help companies raise money for projects related to carbon neutrality and sustainable marine development.

For a few years to come, China's green bond market is likely to expand as a result of these policies, and issuers will be more diverse, analysts say.

Industry data shows that state-owned enterprises were the biggest issuer of the green bonds issued last year, and industry insiders expect a greater presence of private firms as international cooperation progresses in the green financing arena.

Chinese authorities pledged to encourage financial institutions and non-financial firms to issue more green bonds in a document on promoting green consumption unveiled in late January.

Currently, the share of green bonds in China's greater bond market is relatively small, indicating the potential for future growth, Ding said.

China issued 802.76 billion yuan worth of green loans last year, according to Wind data, and the total bond issuance in the same year was 61.9 trillion yuan.

Green financing, including green bonds, will feature more prominently on China's path to carbon neutrality, analysts say.

Studies have shown that achieving this goal would require an investment between 150 trillion yuan to 300 trillion yuan, averaging 3.75 trillion yuan to 7.5 trillion yuan per year. This is where green financing can contribute.

China's green finance saw a robust expansion last year, with outstanding green loans up 33 percent year on year to 15.9 trillion yuan. Outstanding green bonds neared 1 trillion yuan in late October 2021, official data shows.

The quality of China's green financing assets is sound, with the percentage of non-performing green loans lower than the average non-performing loan ratio of commercial banks and no default on green bonds as of last October, according to Chen Yulu, vice governor of the People's Bank of China.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 三级特黄视频 | 91大神在线看 | 91欧美精品综合在线观看 | 色呦呦在线免费观看 | 亚洲欧洲精品一区二区 | 麻豆视频秘密入口 | 成人二区三区 | 亚洲黄色网址 | 成人国产精品免费网站 | 日日摸夜夜添夜夜添精品视频 | 日韩在线精品视频 | 中文字幕在线电影观看 | 日本精品一二区 | 亚洲日本中文字幕在线2022 | 国产在线视频一区二区 | 91福利国产在线观看网站 | 小明台湾www永久视频 | 亚洲高清资源 | 99久久99| 久久这里只精品国产99热 | 在线观看免费黄色小视频 | 成人一级视频 | 色成人综合 | 午夜精品一区二区三区在线观看 | av国产精品 | 一级做a视频 | 国内自拍视频在线看免费观看 | 亚洲偷图色综合色就色 | 欧美成年网站 | 99久久一香蕉国产线看观看 | 欧美 日韩 中文字幕 | 日本中文字幕在线观看 | 玖草网 | 九九综合九九 | 99久久网| 日本免费精品视频 | 精品中文字幕在线观看 | 先锋影音资源网站 | 电家庭影院午夜 | 成人蜜桃av | 六月婷婷六月天 |