中国可持续债务市场报告 2024

The report analyzes the 2024 Chinese GSS+ bond market, noting that while cumulative issuance has exceeded $500 billion, annual growth in 2024 slowed due to a decline in financial institution activity. Green bonds remain dominant, though social and sustainable bonds saw significant growth. The report highlights a gap between domestic issuance and international CBI standards, particularly in sustainability-linked bonds (SLBs), and examines the potential for GSS+ financing in the Guangdong-Hong Kong-Macao Greater Bay Area.

• Total CBI-defined GSS+ bond issuance in China for 2024 was 605.59 billion RMB ($84.6 billion), a 4% decrease from 2023. This decline was primarily driven by a 33% drop in issuance from financial institutions, though non-financial institution issuance surged by 136%.
• Green bonds continue to dominate the Chinese market, accounting for 80% of cumulative CBI-defined issuance (3.2 trillion RMB or $442.4 billion). In 2024, low-carbon energy (52%) and low-carbon transport (30%) were the primary use-of-proceeds (UoP) categories.
• Policy support in 2024 focused on enhancing transparency and expanding the scope of green finance, including the release of the 'Green and Low-Carbon Transition Industry Guidance Catalogue (2024 Edition)' and the 'People's Republic of China Green Sovereign Bond Framework' in February 2025.

APA

高昂, Harrison, C., 陶新皖, 谢文泓, 徐馨如, 张劭睿, 鲁政委, 钱立华, 方琦, & 徐金 (2025). 中国可持续债务市场报告 2024. Climate Bonds Initiative. https://www.climatebonds.net/files/documents/publications/Climate-Bonds_China-State-of-the-market-briefing-2024_July-2025.pdf

Chicago

高昂, Caroline Harrison, 陶新皖, 谢文泓, 徐馨如, 张劭睿, 鲁政委, et al. 中国可持续债务市场报告 2024. Climate Bonds Initiative, 2025. https://www.climatebonds.net/files/documents/publications/Climate-Bonds_China-State-of-the-market-briefing-2024_July-2025.pdf.

Wikipedia

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BibTeX

@techreport{20252024, author = {高昂 and Harrison, Caroline and 陶新皖 and 谢文泓 and 徐馨如 and 张劭睿 and 鲁政委 and 钱立华 and 方琦 and 徐金}, title = {{中国可持续债务市场报告 2024}}, institution = {Climate Bonds Initiative}, year = {2025}, month = jul, url = {https://www.climatebonds.net/files/documents/publications/Climate-Bonds_China-State-of-the-market-briefing-2024_July-2025.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }