Core Insights - The report highlights the significant growth of China's sustainable debt market, with a total issuance of GSS+ bonds reaching 4 trillion RMB (approximately 555.5 billion USD) by the end of 2024, positioning it among the top four global markets [1] - Green bonds are particularly strong, ranking third globally in issuance for 2024, while social bonds saw a remarkable year-on-year increase of 316%, and the sustainable linked bonds market became the second largest globally [1][2] - The report emphasizes the need for China to enhance transparency, align with international best practices, and expand the coverage of sovereign and municipal bonds to further develop its sustainable bond market [2] Market Development - The sustainable bond market in China is entering a critical growth phase, driven by supportive policies and initiatives from the government [1] - The Guangdong-Hong Kong-Macao Greater Bay Area has issued nearly 500 billion RMB in GSS+ bonds over the past three years, serving as a vital support for regional economic development [1] Institutional Support - Standard Chartered Bank has played a pivotal role in supporting sustainable finance innovations, exemplified by its assistance to Bright Food Group in issuing an 800 million Euro sustainable development bond, marking the first of its kind in the Asian food industry [2] - The issuance attracted significant market interest, achieving over six times subscription with orders from 162 investor accounts [2] Future Outlook - The sustainable debt market in China is expected to move towards greater standardization, transparency, and internationalization, potentially providing a model for global green finance development [3] - The deep involvement of institutions like Standard Chartered is anticipated to further integrate China's sustainable finance with international markets [3]
渣打银行支持发布《中国可持续债务市场报告2024》