SDG Finance in China | 2019 May

1. People’s Bank of China unveiled notification on green finance development

People’s Bank of China (PBC) recently unveiled the Notification on Supporting Green Finance Reform Innovation Trial Zone Issuance of Green Bond Financing Tools to support the registered issuance of green bonds by enterprises in trial zones and China's green finance market.

2. Hong Kong Monetary Authority held the Green Finance Forum

Hong Kong Monetary Authority (HKMA) recently held the Green Finance Forum. Chief Executive Norman Chan noted that HKMA would launch three initiatives to promote green finance and issue $100bn HKD of green bonds to finance the government's green projects.

3. Belt and Road Green Investment Fund launched at the Second Belt and Road Forum

In the Second Belt and Road Forum for International Cooperation, China Everbright Group and other financial corporations set up the Belt and Road Green Investment Fund aimed to promote Green Finance Innovation in countries along the Belt and Road.

4. China Three Gorges Corporation issued RMB 20 billion green exchangeable bond

China Three Gorges Corporation has recently issued RMB 20 billion green exchangeable bond. It is the first and largest IPO green bond in China's capital markets so far.

5. Industrial and Commercial Bank of China pre-released Belt and Road Green Finance (Investment) Index

Recently, Industrial and Commercial Bank of China (ICBC) pre-released Belt and Road Green Finance (Investment) Index" at the second Belt and Road Bankers Roundtable (BRBR). The index aims to help policymakers and investors direct the funds into the green sector.