CHINA SUSTAINABLE DEBT STATE OF THE MARKET REPORT 2022

The report details the growth and composition of China's GSS+ debt market, highlighting that China was the largest global source of green bonds in 2022. It examines the shift toward 100% use-of-proceeds alignment, the emergence of transition finance for hard-to-abate sectors, and the dominance of rural revitalisation in the social bond segment.

• China was the world's largest source of green bonds in 2022 according to Climate Bonds definitions, with USD85.4bn (RMB 575.2bn) recorded in the Green Bond Database (GBDB).
• Total labelled green bond volumes from Chinese issuers reached USD489bn (RMB3.3tn) by the end of 2022, with 2022 issuance showing a 35% year-on-year growth to USD155bn (RMB1tn).

APA

Manshu, D., Wenhong, X., MacGeoch, M., Xinru, X., Yi, S., Jin, S., Yingying, C., Zhengwei, L., Lihua, Q., & Qi, F. (2023). CHINA SUSTAINABLE DEBT STATE OF THE MARKET REPORT 2022. Climate Bonds Initiative. https://www.climatebonds.net/files/documents/publications/cbi_china_sotm_22_en.pdf

Chicago

Manshu, DENG, XIE Wenhong, Matthew MacGeoch, XU Xinru, SHI Yi, SHANG Jin, CHEN Yingying, et al. CHINA SUSTAINABLE DEBT STATE OF THE MARKET REPORT 2022. Climate Bonds Initiative, 2023. https://www.climatebonds.net/files/documents/publications/cbi_china_sotm_22_en.pdf.

Wikipedia

{{cite report |last1=Manshu |first1=DENG |last2=Wenhong |first2=XIE |last3=MacGeoch |first3=Matthew |last4=Xinru |first4=XU |last5=Yi |first5=SHI |last6=Jin |first6=SHANG |last7=Yingying |first7=CHEN |last8=Zhengwei |first8=LU |last9=Lihua |first9=QIAN |display-authors=etal |title=CHINA SUSTAINABLE DEBT STATE OF THE MARKET REPORT 2022 |publisher=Climate Bonds Initiative |date=May 2023 |url=https://www.climatebonds.net/files/documents/publications/cbi_china_sotm_22_en.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{manshu2023china, author = {Manshu, DENG and Wenhong, XIE and MacGeoch, Matthew and Xinru, XU and Yi, SHI and Jin, SHANG and Yingying, CHEN and Zhengwei, LU and Lihua, QIAN and Qi, FANG}, title = {{CHINA SUSTAINABLE DEBT STATE OF THE MARKET REPORT 2022}}, institution = {Climate Bonds Initiative}, year = {2023}, month = may, url = {https://www.climatebonds.net/files/documents/publications/cbi_china_sotm_22_en.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }