This is the seventh iteration of the China Sustainable Debt State of the Market Report. It describes the shape and size of the green, social, and sustainable (GSS) markets, plus sustainability-linked bonds (SLBs), and transition bonds, known as the GSS+ market. Data extends to the end of 2022.
This report is co-produced by the Climate Bonds Initiative (Climate Bonds), China Central Depository & Clearing Research Centre (CCDC Research Centre) and CIB Economic Research and Consulting Co., Ltd. (CIB Research), with support from the Standard Chartered Bank. This report explores five sustainable debt themes based on the projects, activities, and expenditures financed: green, social, sustainability, SLB, and transition.
China’s labelled green bond issuance reached a new annual high in 2022 following a vigorous rebound the year before. As the country’s climate commitment became further integrated into its overall policy and economic system, labelled bonds gained prominence as a channel to support green activities and projects, even during an economic slowdown.
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