www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Hangzhou G20

China bonds get new tinge: green

By Wu Yiyao (China Daily) Updated: 2016-09-04 09:46

China bonds get new tinge: green

Technicians check the protection mechanism of the underground power unit of Three Gorges Dam. On Aug 26, China Three Gorges Corp launched its first corporate green bonds in two tranches for 5 billion yuan in all. [Photo/Xinhua]

Issuances to reach 300 billion yuan by year-end, the world's largest

China Three Gorges Corp's first corporate green bonds constituted the country's largest green bond issuance so far. Green financing has been growing fast in China of late, although it emerged only in recent years.

The company's issue, launched on Aug 26, comprised one tranche of 3.5 billion yuan, three-year term notes and one tranche of 1.5 billion yuan, 10-year term notes.

Demand for green bonds is rising as China aspires to become more environmentally friendly and will tap the capital market for funds.

Green bonds help fund projects that benefit environment and climate: carbon-reduction programs, air quality improvement systems, renewable power generation.

Such ventures are getting increasingly popular among investors and bond issuers in China.

The timing also appears to be just right for the green bond market to develop in China. The country is making efforts to transform its economic growth pattern so it could make more with less, said analysts.

China's market has great potential for developing green bonds given its significant size of bond issuances. It is likely to become one of the major green bond markets worldwide, considering the country's commitment to improve environment and develop in climate-friendly ways, said Wang Ping, deputy managing director of China Central Depository and Clearing Co Ltd.

According to Tang Weiqi, researcher with Industrial Research and Consultancy Co Ltd, the combined size of Chinese green bonds issued in the first half of the year reached 58 billion yuan, or 80 percent of the world's total, and is bigger than that in any other economy globally.

The pace of issuance accelerated in the second half of the year. It is expected that the total size of green bonds in China this year will reach 300 billion yuan, to be issued by not just private banks but other players like State-owned banks, brokerages and enterprises.

"Amid the fast growth of issuances, China's green bond market will see decreasing fundraising cost and more participants, and China will have more impact on the global green bond market than other countries," said Tang.

In July, New Development Bank issued its first renminbi-denominated green financial bond of 3 billion yuan, the first of its kind issued by an international financial institution. Total subscription exceeded 9 billion yuan, a cover ratio of 3.1, reflecting great interest from international investors.

More corporate bonds like that issued by China Three Gorges Corp will be offered in China, according to Zhang Qing, deputy head of the China Securities Regulatory Commission's arm that controls the corporate bond market.

Currently, approvals are pending for 12 players' 13 green corporate bond issuances or green asset-backed bonds with a total size of 35 billion yuan. The applications were made by mid-August, according to Zhang.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 美女被免费网站视频软件 | 国产女女视屏免费 | 69凹凸国产成人精品视频 | 九九九精品视频免费 | 日本一级在线观看 | 久久精品久久精品久久精品 | 免费一级片网站 | 草草影院国产第一页 | 美女张开腿双腿让男人桶 | 特黄女一级毛片 | 欧美三级做爰全过程 | 国产aⅴ精品一区二区三区久久 | 久久美女精品国产精品亚洲 | 日韩欧美精品在线视频 | 国产精品外围在线观看 | 小屁孩和大人啪啪 | 三级国产在线观看 | 色天使色婷婷在线影院亚洲 | 国产理论在线观看 | 国产成人久视频免费 | 久草在线中文视频 | 亚洲一区二区三区视频 | 免费中国一级啪啪片 | 国产精品久久久久国产精品三级 | 中日韩精品视频在线观看 | 波多野结衣视频免费在线观看 | 亚洲综合伦理一区 | 2020毛片 | 国产精品hd在线播放 | 久久精品国产精品青草不卡 | 性欧美精品孕妇 | 成年人视频在线观看免费 | 成人亚洲欧美 | 正在播放的国产a一片 | 国产成人深夜福利短视频99 | 亚洲精品欧洲一区二区三区 | 三级视频网站在线观看 | 午夜在线亚洲男人午在线 | 经典香港a毛片免费观看 | 99黄色网| 日韩在线视频观看 |