Manual: ¿Cómo emitir un bono verde panda?

The document outlines the framework for green panda bonds—Renminbi-denominated bonds issued in mainland China by foreign entities for green projects. It details the regulatory roles of the PBoC, CSRC, and NDRC, the requirements for foreign issuers, and the step-by-step process for issuance, including the need for green frameworks and external reviews. As of October 2018, China was the second largest green bond market globally, with renewable energy accounting for over 60% of allocations.

• China's green bond market reached a total issued amount of US$ 60.9 billion by October 2018, making it the second largest green bond market in the world.
• A green panda bond is defined as a bond denominated in Renminbi (RMB) issued in mainland China by a foreign entity, where the funds are specifically allocated to green projects or assets.
• The Chinese green bond market is primarily dominated by commercial banks, which represent approximately 85% of the investment in bonds.
• Renewable energy is the leading climate theme for revenue allocation in China's green bond market, accounting for more than 60% of allocations to date, followed by low-carbon transport and water management.
• Foreign financial institutions seeking to issue panda bonds must meet specific financial criteria, including a paid-up capital of RMB 10 billion or equivalent, solid solvency, and recorded profitability for each of the last three years.
• Between 2016 and November 2018, five green panda bond offerings were made, totaling RMB 5.9 billion (US$ 880 million), representing less than 1% of the total green bonds in circulation in China.

APA

Climate Bonds Initiative (2018). Manual: ¿Cómo emitir un bono verde panda? https://www.climatebonds.net/files/documents/publications/db205bb1-e954-4a95-b7c0-f5e7b201cb19.pdf

Chicago

Climate Bonds Initiative. Manual: ¿Cómo emitir un bono verde panda? 2018. https://www.climatebonds.net/files/documents/publications/db205bb1-e954-4a95-b7c0-f5e7b201cb19.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Manual: ¿Cómo emitir un bono verde panda? |date=November 2018 |url=https://www.climatebonds.net/files/documents/publications/db205bb1-e954-4a95-b7c0-f5e7b201cb19.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018manual, author = {{Climate Bonds Initiative}}, title = {{Manual: ¿Cómo emitir un bono verde panda?}}, institution = {Climate Bonds Initiative}, year = {2018}, month = nov, url = {https://www.climatebonds.net/files/documents/publications/db205bb1-e954-4a95-b7c0-f5e7b201cb19.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }