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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


"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.


“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.



“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)