BEIJING, March 18 (Xinhua) -- ChinaBond Pricing Center released Wednesday the ChinaBond Carbon-Neutral Green Bond Index for trial operation, reported Xinhua-run Xinhua Finance Thursday.
ChinaBond Pricing Center, a wholly owned subsidiary of China Central Depository & Clearing Co., Ltd. (CCDC), said it took the move to further diversify the ChinaBond Green Bond Indices family. CCDC is a central securities depository for various kinds of financial products, which are mainly bonds such as Treasury bond, policy bank bond, commercial bank bond and state-owned or controlled enterprise bond.
Currently, ChinaBond Green Bond Indices also include ChinaBond China Green Bond Index, ChinaBond China Green Bond Select Index, ChinaBond China Climate-Aligned Bond Index and ChinaBond CIB Green Bond Index.
Component bonds of the ChinaBond Carbon-Neutral Green Bond Index comprise of carbon neutrality bonds publicly offered and listed on China's interbank bond market, Shanghai Stock Exchange and Shenzhen Stock Exchange.
ChinaBond Pricing Center said investors can take the index as a performance benchmark for carbon neutrality green bond investment.
The code for the ChinaBond Carbon-Neutral Green Bond Index is CBA21601 and its base date is February 26, 2021. In principle, it component bonds are adjusted on each trading day of China's interbank bond market.
By March 12, the ChinaBond Carbon-Neutral Green Bond Index had 15 component bonds and the gross capitalization of the index was 19.089 billion yuan. Average duration of the underlying bonds was 2.54 years and average yield to maturity was 3.56 percent.
ChinaBond Pricing Center said releasing of the index was also to echo China's goal to strive to achieve carbon emission peak by 2030 and carbon neutrality by 2060. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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