Green Bond Fact Sheet

The Zhejiang Changxing Rural Commercial Bank issued a green bond on December 27, 2019, totaling CNY300m (USD43m) to fund 35 projects across transport, water, wastewater, and waste management.

• Zhejiang Changxing Rural Commercial Bank issued a green bond on December 27, 2019, with a total amount of CNY300m (approximately USD43m). The bond has a tenor of 3.0 years and a maturity date of December 27, 2022, with a coupon rate of 3.69%.
• The proceeds from the bond are designated for investment in 35 projects across four categories: transport (specifically electric vehicles), water and wastewater (including wastewater treatment and flood protection), and waste management (specifically waste to energy). Within the PBoC’s green bond catalogue, 24 of these projects fall under the adaptation and resilience classification.
• Shanghai Brilliance Credit Rating provided the credit rating (AA) and the green bond rating (GB-1) for the issuer and the bonds. The bank's pre-issuance report was assured by Shanghai Brilliance Credit Rating, and the bank intends to hire a third party for future audits of the use of proceeds and annual disclosures of environmental benefits.

APA

Climate Bonds Initiative (2020). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-12_CN_Zhejiang_Changxing_Rural_Commercial_Bank.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2020. https://www.climatebonds.net/files/drupal-files/files/2019-12_CN_Zhejiang_Changxing_Rural_Commercial_Bank.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=15 January 2020 |url=https://www.climatebonds.net/files/drupal-files/files/2019-12_CN_Zhejiang_Changxing_Rural_Commercial_Bank.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2020green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2020}, month = jan, url = {https://www.climatebonds.net/files/drupal-files/files/2019-12_CN_Zhejiang_Changxing_Rural_Commercial_Bank.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }