Chinese domestic green bonds traded on CIBM

Enabling investors to gain exposure to the largest green bond market worldwide.

What are Chinese domestic green bonds traded on CIBM?

These bonds traded on the China Interbank Bond Market (CIBM) comply with the People’s Bank of China (PBOC) green bond catalogue, the National Development and Reform Commission (NDRC) guidelines or China Securities Regulatory Commission (CSRC) guidelines. Bonds on CIBM are open for trading in China only and accessible to international investors under the Bond Connect scheme.
 
Highlighting Chinese domestic green bonds bridges the information gap between Chinese issuers and international investors.

 What is a Chinese domestic green bond ?

Depending upon the nature of the Chinese domestic issuer, they are subject to different green bond guidelines which will define what constitutes eligible projects to be financed by a Chinese domestic green bond. The following guidelines exist:

  • Green bonds issued by financial entities are subject to the People’s Bank of China (PBOC) Green Bond Endorsed Project Catalogue
  • Green domestic corporate bonds (and in general non-listed companies) are subject to the National Development and Reform Commission (NDRC) Green Bond Guidelines
  • Green bonds issued by listed companies and corporate asset backed securities are subject to the China Securities Regulatory Commission (CSRC) Guidelines for Supporting Green Bond Development

Note that (as per CBI) the PBOC Green Bond Endorsed Project Catalogue accepts retrofits of fossil fuel power stations, clean coal and coal efficiency improvements, and rail lines that mainly transport fossil fuels, which are not accepted under the Climate Bonds Initiative’s eligibility taxonomy.


More information about the Chinese guidelines is available here.

All Chinese domestic green bonds traded on CIBM and displayed on LGX

 

Issuers displaying on Chinese domestic green bonds traded on CIBM window

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The Luxembourg Green Exchange in a nutshell

The market for sustainable finance investments has experienced rapid growth in recent years as attention has turned towards the Sustainable Development Goals, including meeting the targets under the Paris Climate Agreement.

To help facilitate the development of this market, we launched in 2016 the Luxembourg Green Exchange (LGX), a dedicated platform for sustainable securities abiding by recognised standards.

LGX aims to bring investors and issuers of sustainable finance together on a single platform.

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Contact us

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Carlo Oly

Head of Relationship Management

+352 47 79 36 227 col@bourse.lu
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Jackie Na Liu

Head of Asia Business Development

+352 47 79 36 418 jnl@bourse.lu