China News Service, July 19, National Development and Reform Commission spokesperson Yuan Da pointed out on the 19th that in 2020, Chinese companies issued 19 green bonds overseas, with a total scale of approximately US$8.5 billion.
In the first half of this year, Chinese-funded enterprises have issued 29 green bonds overseas, raising about 10.2 billion U.S. dollars.
On the 19th, the National Development and Reform Commission held a press conference.
When introducing the situation of "Chinese-funded enterprises going overseas to issue green bonds and other related bonds", Yuan Da pointed out that to achieve the carbon peak and carbon neutral goal and promote the overall green transformation of economic and social development, it is necessary to give better play to the leadership and support of green finance Role to guide more financial resources to be allocated to green and low-carbon fields.
In recent years, more and more Chinese-funded enterprises have gone abroad to issue related bonds, mainly showing three characteristics.
One is the significant increase in circulation.
In 2020, Chinese companies issued 19 green bonds overseas, with a total scale of approximately US$8.5 billion.
In the first half of this year, Chinese-funded enterprises have issued 29 green bonds overseas, raising about 10.2 billion U.S. dollars.
It can be seen that the overseas green bond market has rapidly heated up this year, providing more high-quality financial support for the green transformation of China's economic and social development.
The second is the continuous innovation of varieties.
In recent years, the types of bonds that support the development of green and low-carbon cycles have become increasingly diversified. In addition to traditional green bonds, climate bonds, and sustainable development bonds, innovative varieties such as carbon neutral bonds and sustainable development-linked bonds have been derived in recent years. The use of funds raised from bonds is relatively flexible.
At present, 2 Chinese-funded companies have issued 3 sustainability-linked bonds overseas, raising approximately US$1.55 billion.
The third is the lengthening of the bond maturity.
According to statistics from market institutions, in the first half of this year, the issuance volume and proportion of Chinese-funded overseas green bonds with maturity of more than 5 years have increased, and over 30% of enterprises have issuance maturities of more than 5 years, which will help companies further optimize their financial structure. Green, low-carbon sustainable development provides stable medium and long-term financial support.
Yuan Da emphasized that in the next step, the National Development and Reform Commission will focus on achieving carbon peak and carbon neutral requirements, support enterprises with strong comprehensive economic strength, high level of international operation, and sound risk prevention and control mechanisms to issue relevant bonds overseas, and focus on guiding them. Foreign debt funds are used for green and low-carbon circular development, and the supporting role of green finance will be further utilized to promote the green and low-carbon transformation of economic and social development.