CHINAUS AFRICAASIA 中文双语Français
Business\Markets

China's stock exchange mulls index, board for green corporate bonds

Xinhua | Updated: 2017-03-11 16:00

BEIJING - China's Shanghai Stock Exchange will release an index for green corporate bonds and establish a board for such bonds to facilitate financing for environmentally friendly projects.

The index and the board will be launched "at an appropriate time," according to the exchange.

It said a total of 14 corporate bonds and three asset-backed securities had been issued for the green sector at the exchange by the end of February, raising 22.3 billion yuan ($3.2 billion).

The funds went to such fields as energy conservation, pollution control and clean transportation, it noted.

Earlier this month, China's securities regulator, which oversees the country's corporate bond market, pledged to cut red tape to accelerate green corporate bond issuance.

Green bonds have attracted an array of favorable measures from the government, which is trying to improve fundraising for the green sector, a key part of policymakers' efforts to make the economy more environmentally -friendly.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US