International cooperation for a greener future
Through increased global cooperation, the once closed-off Chinese domestic market is entering the international stage with this milestone issuance bearing a Climate Bonds Initiative certified stamp, as well as adherence to PBoC standards.
The relationship between LuxSE and CDB dates back to 1999, when the development bank listed its global USD 500 million bond on the exchange’s Bourse de Luxembourg (BdL) market.
Since then, LuxSE’s relationship with the development bank and the wider Chinese capital markets system has gone from strength to strength.
In 2018, the Luxembourg Stock Exchange established a Green Bond Channel together with the Shanghai Stock Exchange, where this domestic green bond is also listed and open to trading. This initiative was broadened further in 2019, when LuxSE joined forces with Shanghai Clearing House and China Construction Bank to facilitate access to financial information on Chinese securities, while simplifying the execution process.