上交所绿债发行累计近9000亿元

Core Insights - The Shanghai Stock Exchange (SSE) has seen a significant increase in green bond issuance, with cumulative issuance nearing 900 billion yuan and low-carbon transition bonds exceeding 80 billion yuan by the end of October 2025 [1] - The market structure for green and low-carbon transition bonds is characterized by a diverse range of maturities, primarily mid-term, with issuers spanning key industries such as industrial, public utilities, and finance, including large state-owned enterprises, local state-owned enterprises, and private companies [1] - The SSE is actively developing the public and institutional REITs market in the green sector, with six public REITs projects in clean energy listed, totaling 16.2 billion yuan, covering areas like solar, wind, and hydropower [2] Market Development - The SSE has implemented a more convenient financing mechanism for green bonds and low-carbon transition products, effectively meeting companies' financing needs in these areas [1] - The introduction of "green + X" composite labeled bonds has enhanced the attractiveness of issuers while integrating multiple goals such as ecological protection and technological innovation into the financing framework [1] - The SSE is focused on promoting the construction of the green and ESG bond market, aiming to provide stronger financing support for the green transition of real enterprises and better serve national strategic goals and high-quality economic development [2] Secondary Market - The SSE is continuously innovating mechanisms to support green bond issuance, including lowering the threshold for green bonds to be included as benchmark market-making securities, which enhances liquidity and pricing efficiency in the secondary market [1]