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The Chongqing Three Gorges Bank issued a CNY 3 billion (USD 436.9 million) green bond on 27 December 2018 with a three-year tenor. The proceeds are designated for energy saving, pollution prevention, resource conservation and recycling, clean energy, and ecological protection and adaptation. The Climate Bonds Initiative (CBI) included the bond in its database because hydropower accounts for only 3% of total proceeds and other allocations align with the PBoC catalogue and CBI taxonomy, though the bond may be excluded if future reporting shows the actual use of proceeds fails to meet CBI definitions.

The report analyzes China's green bond market in Q3 2018, noting a total issuance of USD 8.5bn. It highlights that while total issuance for the first three quarters of 2018 (USD 21.5bn) exceeded the same period in 2017, only 49% of Q3 volumes aligned with international definitions. Financial corporates dominated issuance, and renewable energy remained the largest sector for proceeds. The document also details new regulatory guidelines from the PBoC, SSE, and CSRC, and updates to the Climate Bonds Initiative (CBI) taxonomy regarding utility tunnels and hydropower.