LuxSE and the Shenzhen Stock Exchange (SZSE) partnered in 2017 to launch the first green bond index that synchronously displays quotes in China and Europe. The new index series tracks the performance of labelled and unlabelled Chinese green bonds used to finance environmentally-friendly projects.
The CUFE China High-level (CUFE-CNI) Green Bond Index Series was 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 index series is made up of three different indices that reflect the value of green bonds issued and settled in the inter-bank and stock markets in Shenzhen and Shanghai. The indices aim to provide greater transparency and facilitate access to green securities for investors in Europe.
The CUFE-CNI Green Bond Index Series contains the following three indices:
"As the first cross-border synchronous display of Chinese green bond index series, the publication of the index series will help raise the international influence of China’s green finance, attract foreign investors to participate in the construction of China’s green financial system and promote the development of green industries in China."
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:
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.
Indices used in the following cases shall be considered as benchmarks for the purpose of the Regulation (EU) 2016/2011 of June 8, 2016 (the “Benchmarks Regulation”) as amended or supplemented from time to time and fall within the scope of the Benchmarks Regulation:
Please refer to the Benchmarks Regulation to know more about your rights and duties under the Benchmarks Regulation.
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.
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