Green bond issuance from China reached US$37.1 billion (RMB248.6 billion) in 2017, a 4.5% cent increase over the previous year, according to a report issued by the Climate Bonds Initiative and China Central Depository and Clearing Co. Ltd (CCDC).
During 20178, 118 green bonds were issued during 2017 – 113 onshore, five offshore. Of the US$37.1 billion in issuance, 61% were aligned with international definitions, and US$6.01 billion was Climate Bonds Certified, including the US$2.15 billion debut green bond from Industrial and Commercial Bank of China (ICBC) the worlds’ biggest bank.
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