The launch of the index series with SSE once again shows Luxembourg Stock Exchange’s involvement and close relationships with China, the global green bond issuance leader. Earlier this year, LuxSE signed a similar index-display agreement with the Shenzhen Stock Exchange.
Speaking at the launching event in Luxembourg:
Pierre Gramegna, the Minister of Finance of Luxembourg
said: “During the recent official visit of Prime Minister Xavier Bettel to China, whom I accompanied, we saw first-hand how committed China is to green finance and the fight against climate change. Therefore, I am very pleased that the index-display agreement between the Luxembourg Stock Exchange and the Shanghai Stock Exchange will help to further facilitate access to Chinese green securities in Europe. After the great success of a similar agreement with the Shenzhen Stock Exchange, I would like to congratulate Robert Scharfe and his team on this new promising initiative. Luxembourg once again proves to be a leading hub for green finance in Europe and a key player for financing sustainable growth in China and beyond.”
Robert Scharfe, LuxSE CEO
said: “Our today’s announcement – the agreement to display SSE’s green bond indices on LuxSE – is our response in support of a tight cooperation between China and Europe in the field of green finance. It is a practical solution to help green finance go mainstream and engage not only public, but also private investors. China is already the world’s number 1 green bond issuer, and a country seriously committed to tackle climate change. LuxSE is the number one green bond platform. It’s a perfect match.”
Dongke Zhang, Vice Chairman of SSE
, commented: “As an observer of the Green Bond Principles, SSE keeps on promoting green corporate bonds and ABS. The target of SSE is to establish a green bond market with high quality in line with the international standards. SSE Green Corporate Bond Index and SSE Green Bond Index launched by SSE and China Securities Index Company Limited will bring the information of mainland China's green bond market to international market, which could be treated as a good start for SSE and Luxembourg Stock Exchange to gradually realize information connection and business cooperation.”