Green bond issuance logs rapid growth

0 Comment(s)Print E-mail Xinhua, June 20, 2022
Adjust font size:
Wind turbines are seen in Dadingzi Mountain Forest Park in Raohe county, northeast China's Heilongjiang province, on June 19, 2022. [Photo/Xinhua]

China's green bond issuance saw robust growth this year amid the country's push to reduce carbon emissions and advance green development, according to industry data.

As of June 9, the country had issued green bonds worth 361.56 billion yuan ($54.03 billion) in 2022, jumping 73.72% over the previous year, data from financial information provider Tonghuashun shows.

By the end of 2020, the value of China's outstanding green bonds hit 813.2 billion yuan, the second highest in the world.

China's green bond market has registered strong expansion in recent years, says a research report from the China International Capital Corporation, noting that 611 billion yuan of green bonds were issued last year.

At present, the funds raised through green bonds are widely used in green development projects in such fields as clean energy, green transportation, pollution prevention and control and climate change response, said Zhang Lichao with Guosen Securities.

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from