China releases its first green sovereign bonds in London

China releases its first green sovereign bonds in London

On 2 April, China’s Ministry of Finance debuted on the London Stock Exchange its first ever green sovereign bonds. The money raised will go towards projects in China in sectors such as clean transportation, marine conservation and recycling. The event makes China the latest of more than 50 jurisdictions to issue green sovereign bonds, Xie Wenhong, head of the China Programme at the Climate Bonds Initiative (CBI), told Dialogue Earth. The industr…

Square Mile backs sustainable bond funds in new batch of re-ratings

Square Mile awarded ratings to two sustainable bond funds in a recent adjustment, which saw six portfolios enter its Academy of Funds. One was the €583m (£502m) Goldman Sachs Sovereign Green Bond fund, which invests in green bonds issued by governments. Analysts at Square Mile praised its “highly capable and well-regarded investment team”, despite the fund’s returns being down 20.8% since it launched in early 2021. However, most of this negative…

China’s First-Ever Sovereign Green Bond Hits Global Market: Will It Power Its Net Zero Ambitions?

China’s Ministry of Finance (MoF) issued its first sovereign green bond, denominated in Chinese currency to the value of USD824m, on the London Stock Exchange. This is China’s first green sovereign bond and also its first sovereign bond issued overseas. The move shows China’s rising role in global green finance. This plan started taking shape in early 2024. In January, officials from China and the UK met to discuss green finance. Then, in Februa…