A staff member charges an electric bus at a charging station in Hangzhou, capital of east China's Zhejiang Province, Nov. 21, 2019. (Xinhua/Huang Zongzhi)
BEIJING, Nov. 24 (Xinhua) -- China's green bond issuance saw robust growth this year amid the country's increasing efforts to achieve "dual carbon" goals, according to industry data.
As of November 23, the country had issued green bonds worth 744.56 billion yuan (104.24 billion U.S. dollars) in 2022, surging 46.5 percent over the previous year, exceeding that of the whole year of 2021, according to data from Choice, a data platform under the financial information provider Easteastmoney.com.
The number of green bonds stood at 590, up 13.7 percent year on year, according to Choice.
The development of the country's green bonds has shown two major features this year.
China has seen more innovative green bonds this year, such as scientific innovation green bonds and transformation green bonds, which precisely meets the need of enterprises in low-carbon transformation, said You Xiaogang, senior advisor at Jufeng Investment.
Another feature is that more foreign institutions have participated in green bond issuance in China. For example, the OCBC Wing Hang Bank (China) Limited, a Singapore lender, finished the first green bond issuance by foreign banks on Nov. 15, with a total value of 500 million yuan at an interest rate of 3.24 percent.
The participation of foreign banks can not only show their recognition of China's determination to the low-carbon, green transition path to the world, but also bridge China with global green investment and financing platforms, said Fang Yixiang with Golden Credit Rating.
To facilitate China's efforts on "dual carbon" goals, China should continue to expand the green bond market in line with international standards, said a blue paper on China's listed companies released by Chinese Academy of Social Sciences (CASS) Wednesday, as green bonds only take a relatively small share of 2 percent in total issuance of all bonds in China despite its rapid growth in recent years.
(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)
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