“This is the first overseas special bond for water protection and environmental governance issued by a Chinese financial institution, marking another milestone for the increasing green finance cooperation between CCB and LuxSE. Going forward, CCB and relevant institutions in Luxembourg and Europe will have bright prospects for cooperation in areas like green catalogue alignment, green cross-border investment and financing, green financial product innovation and related prospective studies,” stated Wang Hao, Vice-President of CCB, from the bank’s headquarters in China.
The addition of this EUR 800 million green bond brings the total amount of the international green bonds displayed by CCB on LGX to EUR 1.8 billion. CCB issued its first offshore green bond in 2018, a EUR 500 million bond which was certified by the Climate Bonds Initiative, listed on LuxSE and displayed on LGX.
Accessing China’s Interbank Bond Market
LuxSE and CCB have worked closely together for several years. In 2019, the two institutions signed two different Memoranda of Understanding with the aim of facilitating access to China’s Interbank Bond Market and Chinese domestic securities for the international investor community. The first agreement was signed at LuxSE’s premises and the second in cooperation with Shanghai Clearing House in the financial hub of Shanghai, in the presence of Luxembourg Minister of Finance Pierre Gramegna. Through their close cooperation, LuxSE and CCB are contributing to making China’s Interbank Bond Market more accessible to international investors.