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Economy

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Chinese domestic green bond indices displayed at Luxemburg Stock Exchange

September 13, 2018


Abstract : The three Chinese green bond indices compiled by the Chinabond Pricing Center under China Central Depository & Clearing (CCDC) started to be displayed at the Luxemburg Stock Exchange (LuxSE) since Wednesday.

SHANGHAI, Sept. 13 (Xinhua) -- The three Chinese green bond indices compiled by the Chinabond Pricing Center under China Central Depository & Clearing (CCDC) started to be displayed at the Luxemburg Stock Exchange (LuxSE) since Wednesday.

The bonds indices, including ChinaBond China Climate-Aligned Bond Index, ChinaBond China Green Bond Select Index and ChinaBond China Green Bond Index, are designed to reflect the performance of Chinese domestic green bonds issued to support green projects in China, such as clean transportation and green finance.

With their display on the platform of LuxSE, overseas investors will be able to better understand China's bond market.

"Today marks a milestone in the development of the links between China's domestic green bond market and the international investment community," said Robert Scharfe, CEO of LuxSE.

According to Scharfe, cooperating with the Chinabond Pricing Center narrows the distance between Chinese green bonds and investors around the globe, which marks the first step of an even more substantial international green bond market cooperation and cross-border cooperation.

Jin Penghui, deputy director of Shanghai headquarters of the People's Bank China (PBOC) and director of PBOC's Shanghai Branch, said that the overall trading volume of China's bond market exceeded 81 trillion yuan by the end of this August, among the world's top three, and trading volume of China's green bond reached 495.3 billion yuan, leading its peers in the world.

By the end of this August, 1,147 overseas investing institutes hold 1.75 trillion yuan of China's bonds, accounted for 2.4 percent of the market. The scale of bonds held by overseas investors has been growing during the past 18 months. (Contributed by Chen Aiping, Yang Yiren, edited by Yang Qi, kateqiyang@xinhua.org)


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