CHINESE GREEN BOND INDEX

CUFE-CNI Green Bond Index Series

NEW INDEX SERIES WILL TRACK PERFORMANCE OF LABELLED AND UNLABELLED CHINESE GREEN BONDS USED TO FINANCE ENVIRONMENTALLY-FRIENDLY PROJECTS

 

The Luxembourg Stock Exchange (LuxSE) and the Shenzhen Stock Exchange (SZSE) have partnered to display three new Green indices that reflect the value of green bonds issued in China.

The indices track securities issued and settled in the inter-bank and stock markets in Shenzhen and Shanghai. The indices will create greater transparency and facilitate access to green securities for investors in Europe.

About the indices

The CUFE China High-level (CUFE-CNI) Green Bond Index Series has been developed jointly by the Shenzhen Securities Information Co., Ltd (‘SSI’) and the International Institute of Green Finance (‘IIGF’), part of the Central University of Finance and Economics (‘CUFE’) in Beijing.

The CUFE-CNI Green Bond Index Series has been designed to represent the performance of Chinese green bonds whose proceeds are used to finance environmentally-friendly projects.

All securities on the indices are in line with the Green Bond Endorsed Project Catalogue (2015, China Society for Finance and Banking Green Finance Specialized Committee), which recognises the following six environmental sectors eligible for financing via green bonds:

  • GB1:Energy Saving;
  • GB2:Pollution Prevention & Control;
  • GB3:Resource Conservation and Recycling;
  • GB4:Clean Transport;
  • GB5:Clean Energy; and
  • GB6:Ecological Protection and Climate Change Adaption

Securities that allocate use of proceeds to at least two of the above categories are also eligible. A bond will also be treated green if at least 95% of the issuers’ revenue comes from the environmental sectors.

Index composition

The CUFE-CNI Green Bond Index Series contains the following three indices:  

  1. 1. The CUFE-CNI High Grade Green Bond Index is a composite total return index made up of the CUFE-CNI High grade Unlabelled Green Bond Index and CUFE-CNI High grade Labelled Green Bond Index.  ic stats
     
  2. 2. The CUFE-CNI High Grade Unlabelled Green Bond Index is a total return index representing unlabelled green securities listed on the inter-bank and stock markets in Shenzhen and Shanghai since 2007. ic stats
     
  3. 3. The CUFE-CNI High Grade Labelled Green Bond Index is a total return index representing labelled green securities listed on the inter-bank and stock markets of Shenzhen and Shanghai since 2016. ic stats

 

 



Disclaimer

The CUFE-CNI High Grade Green Bond Index, CUFE-CNI High Grade Unlabelled Green Bond Index and CUFE-CNI High Grade Labelled Green Bond Index (the “Indices”) are proprietary and privilege data of Shenzhen Stock Exchange (“SZSE”). SZSE has appointed Shenzhen Securities Information Co. Ltd (“SSIC”) to be its index business agency. Although SSIC has made its best efforts to ensure the accuracy of the Indices and all related information (collectively the “Information”), SSIC cannot guarantee the accuracy, timeless or completeness of the Information.

The Information is made available for general information purposes. It cannot be disseminated, displayed, sold or distributed, in any manner, in whole or in part, freely or against payment, without the prior written consent of SSIC. 

The Information is not tailored for specific investors’ situations and may therefore not be suitable for you. The Information is not and shall not be a substitute for your own researches, investigations, verifications, checks or consultation for professional or investment advice. You are using the Information at your own risks.

Luxembourg Stock Exchange (“LuxSE”) does not give any representation or warranty and disclaims any liability or responsibility of any kind in connection with the accuracy, correctness, timeliness, fitness for a particular purpose, reliability or completeness of the Information. LuxSE does not accept any liability or responsibility of any kind for any loss or damages arising directly or indirectly from the use of, or any action refrained or taken on any Information.

The Information does not constitute and is not construed as any advice, solicitation, offer, endorsement, commitment or recommendation on behalf of LuxSE to (i) invest in any financial instrument and/ or (ii) follow or use the Indices as a benchmark or reference. 

The publication of the Information by LuxSE does not represent or constitute any warranty or representation from LuxSE in connection with the good standing, profitability, suitability or reliability of any financial instrument and/ or of the Indices.

LuxSE cannot represent or warrant that the Information will be updated, displayed or made available in real time and/ or without any delay.  

 

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JACKIE NA LIU
Business Development Manager Asia
Tel: (352) 47 79 36 - 418
jnl@bourse.lu

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Tel: (352) 47 79 36 - 1
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"LuxSE understands that exchanges increasingly play a role beyond connecting issuers and investors which is to help capital markets bring social and economic benefits to the economy and society as a whole.

We constantly transform our business for the long term and see ourselves as true drivers of financial progress. Green Bonds are a good example of this direction."

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