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 November 2024 against the CGT.
16 green bonds supporting projects on climate mitigation have been newly identified as CGT-aligned, with a total scale of RMB 16.9 billion. Among these, 7 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
|
BANK OF CHANGSHA GREEN BOND 24(01) B
|
15.00
|
|
2
|
ZHENGZHOU METRO GN 24(002)
|
19.00
|
|
3
|
CHINA ENERGY ENGINEERING GN 24(002)(CNB)
|
15.00
|
|
4
|
STATE ENERGY NEW ENERGY GN 24(004)
|
5.00
|
|
5
|
RONGHE FINANCING SCP 24(010)(GREEN)
|
5.00
|
|
6
|
HUADIAN LEASING MTN 24(001)(GREEN)
|
4.00
|
|
7
|
HUANENG HYDROPOWER GN 24(006)(RURAL REVI)
|
13.00
|
|
8
|
YUNNAN POWER GENERATION MTN 24(003)(GREEN)
|
5.00
|
|
9
|
THREE GORGES GN 24(003)(CARBON NEUTRAL BOND)
|
20.00
|
|
10
|
TIANCHENG LEASING GN 24(002)(CARBON NEUTRAL BOND)
|
10.00
|
|
11
|
HUADIAN LEASING MTN 24(002)(GREEN)
|
1.00
|
|
12
|
THREE GORGES GN 24(004)(CARBON NEUTRAL BOND)
|
20.00
|
|
13
|
SHENYANG METRO MTN 24(008)(GREEN)
|
5.00
|
|
14
|
TONGWEI GN 24(008)(TECH INNO NOTES)
|
5.00
|
|
15
|
DATANG LEASING SCP 24(008)(GREEN)
|
2.00
|
|
16
|
LONGYUAN POWER GN 24(001)
|
25.00
|
In November 2024, 17 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
|
RONGHE FINANCING GN 21(002) (CARBON NEUTRAL BOND)
|
10.00
|
|
2
|
21 CJPC MTN001
|
7.00
|
|
3
|
21 CTG GN015
|
40.00
|
|
4
|
KUNMING RAIL MTN 21(003)(GREEN)
|
10.00
|
|
5
|
CHINA ENERGY ENGINEERING GN 21(001)(CNB)
|
3.00
|
|
6
|
21 ZHEJIANG ENERGY GN003
|
40.00
|
|
7
|
NORTH POWER GN 21(001)
|
15.00
|
|
8
|
YANTAI SALVAGE GN 21(001)
|
15.00
|
|
9
|
RONG URBAN RAIL TRANSIT MTN 21(004)(CNB)
|
5.00
|
|
10
|
CHINA RESOURCES LEASING GN 21(001)(CNB)
|
5.00
|
|
11
|
21 CHNE-R MTN002
|
3.00
|
|
12
|
SHENYANG METRO GN 21(002)
|
5.00
|
|
13
|
THREE GORGES NEW ENERGY ABN 21(002)(CNB)
|
8.00
|
|
14
|
TONGWEI GN 24(005)(TIN)
|
5.00
|
|
15
|
RONGHE FINANCING GN 21(002) (CARBON NEUTRAL BOND)
|
5.00
|
|
16
|
21 CJPC MTN001
|
8.85
|
|
17
|
21 CTG GN015
|
5.00
|
As of November 30, 2024, expert group has evaluated a total of 368 CGT-aligned Chinese green bonds traded in the interbank market, 244 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 (December 2024 version)
