By Addison Gong
29 Apr 2021
The National Association of Financial Market Institutional Investors plans to launch sustainability-linked bonds (SLBs) in the onshore market, after releasing official guidelines on Wednesday.
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Caixin ESG Biweekly: More Pledges and Small Steps
President Xi Jinping reiterated the strategic importance of carbon goals. Steps to realize a greener China remain small, but every step matters. Financial support for renewable projects was pledged, while it was clarified that funds raised through carbon neutrality bonds should be used on green projects only. Better green technology mentioned as a national priority. More details on the carbon trading market came to light.
CENTRAL POLICIES
A round of
China-U.S. high-level dialogue was held in Anchorage, Alaska, on March 18 and 19. During the talks, the two sides exchanged views on a series of issues, including
By Addison Gong
10.00 AM
In this round-up, Beijing plans to beef up capital requirements for domestic systemically important banks, foreign investors reduce their investment in domestic Chinese bonds in March, and JD.com’s technology unit is reportedly planning to set up a financial holding company.
The People’s Bank of China (PBoC) and the China Banking and Insurance Regulatory Commission (CBIRC) published draft regulations at the end of last week, asking domestic systemically important banks (D-Sibs) to comply with additional capital requirements.
The regulators finalised the D-Sibs framework in December 2020. The framework assesses which banks qualify as D-Sibs and assigns them into five buckets, with those in bucket five being the most systemically important.
Green bond sector sprouting up nationwide By JIANG XUEQING | China Daily | Updated: 2021-03-16 09:47 Share CLOSE Employees of State Grid Suzhou Power Supply Co check facilities at a charging station in Suzhou, Jiangsu province, in December. [Photo/Xinhua]
Environmentally sustainable financing system key to peaking CO2 emissions by 2030, reaching carbon neutrality by 2060
China s green bond market has been growing steadily as the system keeps improving and the idea of environmentally sustainable investment deepens.
In 2020, the world s second-largest economy issued 216 green bonds worth 222.88 billion yuan ($34.48 billion). Domestic issuers altogether issued 18 green bonds overseas, worth a total of about 49.6 billion yuan, according to a report released by China Lianhe Credit Rating Co Ltd.
Green bond sector sprouting up nationwide chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.