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Experts: Supporting international long-term capital to carry out green investment is conducive to optimizing the green financial market environment in China

2022-09-16 07:08:36


    On March 28, the National Development and Reform Commission and other four departments issued the "Opinions on Promoting the Green Development of the Belt and Road", which proposes to orderly promote the two-way opening of the green financial market, encourage financial institutions and related enterprises to carry out green financing in the international market, and support international financial organizations and multinational companies to issue green bonds in China


本报记者 包兴安

3月28日,国家发展改革委等四部门发布的《关于推进共建“一带一路”绿色发展的意见》提出,有序推进绿色金融市场双向开放,鼓励金融机构和相关企业在国际市场开展绿色融资,支持国际金融组织和跨国公司在境内发行绿色债券、开展绿色投资。

"In recent years, the number and scale of green bonds issued by Chinese-funded enterprises abroad have shown a gradual increase trend, although the number and scale of overseas green bonds issued abroad have decreased significantly in 2020 due to the impact of the epidemic, but in 2021, overseas green bond issuance has shown rapid growth."Tang Yingzhi, deputy director of the Green "Belt and Road" Center of the Green Finance International Research Institute of the Central University of Finance and Economics, told the Securities Daily reporter.

According to the latest statistics from the International Research Institute of Green Finance of the Central University of Finance and Economics, Chinese-funded enterprises issued a total of 66 green bonds overseas in 2021, an increase of 247% year-on-year, with a total scale of about US$22.99 billion, an increase of 170% year-on-year.By the end of 2021, Chinese enterprises have issued a total of 144 green bonds abroad, with an issuance scale of about US$61.32 billion.

东方金诚绿色金融部助理总经理方怡向对《证券日报》记者表示,鼓励金融机构和相关企业在国际市场开展绿色融资,将充分发挥金融的资源配置机制,引导国际长期资本投资我国绿色低碳产业,促进我国战略新兴产业发展和传统制造业的转型升级。

“Supporting international financial organizations and multinational companies to issue green bonds and carry out green investment in China will help our country optimize the green financial market environment and promote capacity-building in the field of green finance. At the same time, we will learn to absorb advanced technologies and concepts, leverage private green investment, and lead in green development for mutual benefit and win-win results,” Fang said.

According to Tang, green bonds issued on the mainland by international financial institutions and multinational companies, also known as Green Panda Bonds, are renminbi-denominated bonds used to support the construction and operation of green and low-carbon projects.

近年来,中国绿色熊猫债市场在探索中不断前进。2016年,北控水务集团在上交所成功发行全国首单绿色熊猫债券,发行期限8年,票面利率为3.25%。同年,金砖国家(巴西、俄罗斯、印度、中国和南非)成立的多边开发机构——新开发银行发行了一支票面利率为3.07%的五年期绿色熊猫债,在中国在岸债券市场筹集了30亿元人民币,用于支持金砖国家的基础设施和可持续发展项目。2021年,匈牙利发行了首只10亿元人民币的绿色主权熊猫债。

谈及如何推进绿色金融市场双向开放时,方怡向表示,要加强绿色金融监管领域的合作和协调,推动国际合作和标准互认。各地区绿色金融标准的不一致,将增加跨境投资主体承担多重认证的额外成本或拟投资绿色标的不被认可的风险。因此,不同地区监管部门有必要探索如何强化绿色金融标准的可比性、可兼容性和一致性,争取做到绿色金融产品互认,降低绿色资产跨境交易的成本。

“At the same time, we will push forward the ESG concept of responsible investment and improve the ESG information disclosure system.” Fang Yixiang suggested that we speed up the popularization of ESG concept of responsible investment, it is essential to improve the quality and efficiency of listed companies in emerging markets, accelerate the integration of emerging markets into the world economy and achieve high-quality economic development. Our country should deeply participate in the construction of international ESG Information Disclosure Standards to promote the breadth and depth of ESG information disclosure. And with the help of ESG evaluation to enhance ESG investment practice and risk management system building capacity. Strengthening the exchange and cooperation of ESG to promote the open development of Green Finance.

"The convergence of domestic and international standards for green finance is conducive to breaking down the barriers of cross-border green transactions, promoting two-way market opening, and optimizing the interconnection of green capital markets."China should actively participate in the formulation of international green standards and strengthen the docking of green standards in the 'Belt and Road' countries."The CEIBS-led classification of sustainable finance is an important step in this area.Tang Yingzhi said that in the future, in terms of "going out", it is recommended to strengthen the capacity building of Chinese-funded institutions to issue green bonds overseas, and match with appropriate credit enhancement support for some Chinese-funded entities with relatively low overseas ratings to meet the issuance requirements of the international green bond market and reduce the cost of issuance; In terms of "bringing in", we will further improve the operating guidelines, information disclosure systems and external third-party certification specifications for the domestic green panda bond market, and recommend strengthening the construction of the interconnection mechanism of domestic and foreign exchanges.

(编辑 孙倩)