Summary
The report outlines a strategy to scale China's green bond market, identifying a need for 2 trillion to 4 trillion RMB annually for environmental goals. It proposes a roadmap based on strategic demonstration issuances by diverse entities, capacity building for issuers, and the creation of transparent, long-term green project pipelines. Key recommendations include leveraging the existing 5.72 trillion RMB green loan portfolio for refinancing and exploring the addition of 'green labels' to existing qualifying bonds to enhance market liquidity.
Key insights
- China has established a foundation for green bond expansion through official guidelines from the People's Bank of China (PBOC), the National Development and Reform Commission (NDRC), and the Shanghai Stock Exchange, as well as the February 2016 decision to accelerate the opening of the interbank market to foreign institutional investors by removing all quotas for qualified foreign investors.
- The report identifies several challenges hindering market scale, including a lack of diverse demonstration issuances (currently dominated by large banks), limited issuer awareness of the process and refinancing benefits, low market liquidity, and a lack of transparent, long-term green project investment plans.
Cite the original document
- APA
- 戴伟惠, Kidney, S., & Sonerud, B. (2016). 中国绿色债券发展路线图. International Institute for Sustainable Development. https://www.iisd.org/system/files/publications/scaling-up-green-bond-market-issuance-ch.pdf
- Chicago
- 戴伟惠, Sean Kidney, and Beate Sonerud. 中国绿色债券发展路线图. International Institute for Sustainable Development, 2016. https://www.iisd.org/system/files/publications/scaling-up-green-bond-market-issuance-ch.pdf.
- Wikipedia
- {{cite report |last1=戴伟惠 |last2=Kidney |first2=Sean |last3=Sonerud |first3=Beate |title=中国绿色债券发展路线图 |publisher=International Institute for Sustainable Development |date=April 2016 |url=https://www.iisd.org/system/files/publications/scaling-up-green-bond-market-issuance-ch.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{2016, author = {戴伟惠 and Kidney, Sean and Sonerud, Beate}, title = {{中国绿色债券发展路线图}}, institution = {International Institute for Sustainable Development}, year = {2016}, month = apr, url = {https://www.iisd.org/system/files/publications/scaling-up-green-bond-market-issuance-ch.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
Full text
Collected · Record updated