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 2024 against the CGT.
8 green bonds supporting projects on climate mitigation have been newly identified as CGT-aligned, with a total scale of RMB 11.8 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
|
Bond
|
Issuing Amount (RMB/100 Million)
|
|
1
|
DT PG GN 24(001)(CARBON NEUTRAL BOND)
|
15.00
|
|
2
|
CHONGQING METRO GN 24(003)(CNB)
|
15.00
|
|
3
|
HUANENG HYDROPOWER GN 24(004)(RURAL REVI)
|
15.00
|
|
4
|
CHONGQING METRO GN 24(004)(CNB)
|
5.00
|
|
5
|
NANJING METRO GN 24(006)(CARBON NEUTRAL BOND)
|
10.00
|
|
6
|
LU HONGQIAO GN 24(002)
|
3.00
|
|
7
|
YUNNAN POWER GENERATION MTN 24(002)(GREEN)
|
5.00
|
|
8
|
CHN ENERGY GN 24(001)
|
50.00
|
In September 2024, 15 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 CRT GN001
|
20.00
|
|
2
|
TIANCHENG LEASING GN 21(002)(CARBON NEUTRAL BOND)
|
10.00
|
|
3
|
21 DTPOWER GN002
|
15.00
|
|
4
|
GD GN 21(004) A (BLUE BOND)
|
6.00
|
|
5
|
THREE GORGES LEASING GN 21(001)(CNB)
|
10.00
|
|
6
|
THREE GORGES GN 21(013)(CARBON NEUTRAL BOND)
|
30.00
|
|
7
|
THREE GORGES GN 21(012)(CARBON NEUTRAL BOND)
|
30.00
|
|
8
|
FURUI ENERGY GN 21(001)(OLD REVOLUTIONARY ZONE)
|
10.00
|
|
9
|
DATANG RENEWABLE POWER GN 21(001)(CNB)
|
8.00
|
|
10
|
FURUI ENERGY GN 21(002) (OLD REVOLUTIONARY ZONE)
|
10.00
|
|
11
|
FURUI ENERGY GN 21(003)(OLD REVOLUTIONARY ZONE)
|
10.00
|
|
12
|
ZHE ENERGY GN 21(002)(CNB)
|
10.00
|
|
13
|
CHINA EXIMBANK GREEN BOND 2022 02
|
40.00
|
|
14
|
HUANENG HYDROPOWER GN 24(001)
|
3.40
|
|
15
|
HUANENG HYDROPOWER GN 24(002)(RURAL REVI)
|
5.00
|
As of September 30, 2024, expert group has identified a total of 348 CGT-aligned Chinese green bonds traded in the interbank market, 243 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 (October 2024 version)
