Summary
In 2019, China led the world in labeled green bond issuance, with 386.2 billion RMB (55.8 billion USD) issued, a 33% increase from 2018. The market saw a significant rise in non-financial corporate issuers and the introduction of the first labeled green municipal special bond. While the market is growing, a gap remains between domestic Chinese green definitions and international standards, particularly regarding the use of proceeds for general corporate purposes and the inclusion of 'clean coal' projects. The report highlights the potential for refinancing as 88% of the domestic green bond balance is set to mature within five years.
Cite the original document
- APA
- 孟祥瑞, 谢文泓, 邵欢, 刘欣欣, Almeida, M., & 商瑾 (2020). 中国绿色债券市场 2019研究报告. Climate Bonds Initiative. https://www.climatebonds.net/files/documents/publications/%E4%B8%AD%E5%9B%BD%E7%BB%BF%E8%89%B2%E5%80%BA%E5%88%B8%E5%B8%82%E5%9C%BA-2019-%E7%A0%94%E7%A9%B6%E6%8A%A5%E5%91%8A_2025-02-17-163049_yzab.pdf
- Chicago
- 孟祥瑞, 谢文泓, 邵欢, 刘欣欣, Miguel Almeida, and 商瑾. 中国绿色债券市场 2019研究报告. Climate Bonds Initiative, 2020. https://www.climatebonds.net/files/documents/publications/%E4%B8%AD%E5%9B%BD%E7%BB%BF%E8%89%B2%E5%80%BA%E5%88%B8%E5%B8%82%E5%9C%BA-2019-%E7%A0%94%E7%A9%B6%E6%8A%A5%E5%91%8A_2025-02-17-163049_yzab.pdf.
- Wikipedia
- {{cite report |last1=孟祥瑞 |last2=谢文泓 |last3=邵欢 |last4=刘欣欣 |last5=Almeida |first5=Miguel |last6=商瑾 |title=中国绿色债券市场 2019研究报告 |publisher=Climate Bonds Initiative |date=June 2020 |url=https://www.climatebonds.net/files/documents/publications/%E4%B8%AD%E5%9B%BD%E7%BB%BF%E8%89%B2%E5%80%BA%E5%88%B8%E5%B8%82%E5%9C%BA-2019-%E7%A0%94%E7%A9%B6%E6%8A%A5%E5%91%8A_2025-02-17-163049_yzab.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{20202019, author = {孟祥瑞 and 谢文泓 and 邵欢 and 刘欣欣 and Almeida, Miguel and 商瑾}, title = {{中国绿色债券市场 2019研究报告}}, institution = {Climate Bonds Initiative}, year = {2020}, month = jun, url = {https://www.climatebonds.net/files/documents/publications/%E4%B8%AD%E5%9B%BD%E7%BB%BF%E8%89%B2%E5%80%BA%E5%88%B8%E5%B8%82%E5%9C%BA-2019-%E7%A0%94%E7%A9%B6%E6%8A%A5%E5%91%8A_2025-02-17-163049_yzab.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
Full text
Collected · Record updated