The robust expansion in China’s green, social and sustainable (GSS) debt market points to the country’s determination to decarbonise and enhance the resilience of its environment and society. China’s green bond market will continue to scale up rapidly. Policy updates, such as the 2021 edition of the Green Bond Endorsed Projects Catalogue, as well as ongoing international cooperation in developing the Common Ground Taxonomy, will underpin the cross-border financial flow of green capital.

China’s Growing Sustainable Debt Market report by Climate Bonds Initiative analyses the development of China sustainable debt market up to the first half of 2021, focusing on the definitions, regulatory frameworks, and market development of existing sustainable labels, and takes an additional lens into the latest developments in market standards and policy incentives/constraints. The report was produced in partnership with CIB Economic Research and Consulting Co., Ltd. (CIB Research), with the support of UK PACT (Partnering for Accelerated Climate Transition).

Download the report here