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 April 2026 against the CGT (2024).
22 green bonds have been newly identified as CGT-aligned, with a total scale of RMB 15.97 billion. Among these, 16 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
|
CND1000BBS38
|
GUAN RAIL TRANSIT GN 26(001)
|
3.0
|
|
2
|
CND1000BBS12
|
NINGDE TIMES MTN 26(002)(TECH INNO BOND)
|
50.0
|
|
3
|
CND1000BBQ30
|
GUOXUAN HIGH-TECH GN 26(002)(TECH INNO BOND)
|
8.0
|
|
4
|
CND1000BBPF8
|
CHINA INNOVATION AVIATION MTN 26(002)(TIB)
|
6.0
|
|
5
|
CND1000BBGH3
|
HN HYDROPOWER GN 26(005)(RURAL REVI)
|
10.0
|
|
6
|
CND1000BBFJ1
|
GANFENG LITHIUM MTN 26(001)(GREEN)
|
7.1
|
|
7
|
CND1000BBGJ9
|
MINGYANG SMART GN 26(001)(TECH INNO BOND)
|
5.0
|
|
8
|
CND1000BBG16
|
CHINA INNOVATION AVIATION MTN 26(001)(TIB)
|
7.0
|
|
9
|
CND1000BBGK7
|
SHAOXING RAIL TRANSIT GN 26(001)
|
5.0
|
|
10
|
CND1000BBD68
|
TONGWEI GN 26(004)(TECH INNOVATION BOND)
|
5.0
|
|
11
|
CND1000BB599
|
YANGZHOU TRANS GN 26(002)(CARBON NEUTRAL BOND)
|
4.6
|
|
12
|
CND1000BB0V1
|
E ENERGY MTN 26(003)(CARBON NEUTRAL BOND)
|
3.0
|
|
13
|
CND1000BB102
|
E ENERGY MTN 26(004)(CARBON NEUTRAL BOND)
|
3.0
|
|
14
|
CND1000B9T61
|
CGN WIND ENERGY GN 26(001)
|
10.0
|
|
15
|
CND1000B9T53
|
CGN WIND ENERGY GN 26(002)
|
10.0
|
|
16
|
CND1000B9T46
|
JINKAI NEW ENERGY GN 26(001)(CARBON NEUTRAL BOND)
|
5.0
|
|
17
|
CND1000B9LZ2
|
STATE GRID XINYUAN GN 26(010)(CARBON NEUTRAL BOND)
|
2.0
|
|
18
|
CND1000B9LX7
|
STATE GRID XINYUAN GN 26(008)(CARBON NEUTRAL BOND)
|
2.0
|
|
19
|
CND1000B9LY5
|
STATE GRID XINYUAN GN 26(009)(CARBON NEUTRAL BOND)
|
2.0
|
|
20
|
CND1000B9LW9
|
STATE GRID XINYUAN GN 26(007)(CARBON NEUTRAL BOND)
|
2.0
|
|
21
|
CND1000B9FW1
|
TIANCHENG LEASING SCP 26(012)(GREEN)
|
5.0
|
|
22
|
CND1000B9C03
|
TONGWEI GN 26(003)(TIN BOND)
|
5.0
|
In April 2026, 5 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
|
CND10006BXH1
|
CGN LEASING MTN 23(002)(CNB)
|
4.7
|
|
2
|
CND10006CB55
|
ZHENGZHOU METRO GN 23(001)
|
5.0
|
|
3
|
CND10007VZV3
|
GUOXIN LEASING MTN 24(004)(GREEN)
|
5.0
|
|
4
|
CND10009KK28
|
TONGWEI GN 25(001)(TECH INNO BOND)
|
5.0
|
|
5
|
CND1000B27T8
|
HN HYDROPOWER GN 26(001)(TECH INNO BOND)
|
10.0
|
As of April 30, 2026, expert group has evaluated a total of 572 CGT-aligned Chinese green bonds traded in the interbank market, 339 of which remain in duration.
The 329 outstanding bonds account for 26.9% of the total number of outstanding green bonds in the interbank market, with an issuance scale of RMB 368.073 billion, accounting for 18.0% 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 92.6%, 5.1%, 0.1% and 2.2% respectively. The top three allocations of use of proceeds are D1.3 Electricity generation from wind power (23.8%), H1.1 Construction and operation of public transportation system in urban and rural areas (21.1%), and D1.5 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 (May 2026 version)
