How to issue a green bond in China

This guide by the Climate Bonds Initiative outlines a five-step process for issuing green bonds, emphasizing the necessity of allocating proceeds to green projects or assets regardless of the issuer's own 'green' status. It details various bond types, eligibility criteria for projects, and the importance of independent verification and transparent reporting.

• The issuance of a green bond follows a five-step process: identifying green projects and assets, arranging independent verification, establishing tracking and reporting systems, issuing the bond, and monitoring the use of proceeds with annual public reporting.
• The defining characteristic of a green bond is that the proceeds must be used for green projects or assets; the general 'green' status of the issuing government or company is of secondary importance.
• Issuers can utilize existing assets for refinancing or fund new investments, provided the funds are fully used within a reasonable timeframe, which the Climate Bonds Standard defines as a maximum of two years.
• Transparency is critical in green bond issuance; the nominal value of the project pool must always equal or exceed the nominal value of the bond, and issuers must be able to demonstrate this tracking.
• Green bonds can take several forms, including project-linked bonds, green securitization bonds (backed by a pool of loans or assets like solar loans), and bonds with general use of proceeds for green purposes (which typically carry the same credit rating as the issuer's other bonds).

APA

Climate Bonds Initiative (n.d.). How to issue a green bond in China. https://www.climatebonds.net/files/drupal-files/files/5_Einfache_Schritte_fur_Emittenten_von_GreenBonds.pdf

Chicago

Climate Bonds Initiative. How to issue a green bond in China. n.d. https://www.climatebonds.net/files/drupal-files/files/5_Einfache_Schritte_fur_Emittenten_von_GreenBonds.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=How to issue a green bond in China |url=https://www.climatebonds.net/files/drupal-files/files/5_Einfache_Schritte_fur_Emittenten_von_GreenBonds.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendhow, author = {{Climate Bonds Initiative}}, title = {{How to issue a green bond in China}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/5_Einfache_Schritte_fur_Emittenten_von_GreenBonds.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }