Workflow
ESG投资周报：流动性环比收窄，本月新发ESG债券8只-20250605
GUOTAI HAITONG SECURITIES·2025-06-05 11:06

Market Performance - The A-share market experienced a pullback, with the CSI 300 index down by 1.08%, the ESG 300 index down by 1.31%, and the CSI ESG 100 index down by 0.45% during the week of May 26 to May 30, 2025[5] - The average daily trading volume for the entire A-share market was approximately 1.10 trillion RMB, indicating a contraction in liquidity[5] ESG Fund Issuance and Performance - No new ESG fund products were issued in June 2025; however, 143 ESG public fund products were issued in the past year, totaling 1,296.39 million units[8] - As of June 3, 2025, there are 666 existing ESG fund products, with the largest share being ESG strategy funds at 47.52% of the total net asset value of 823.88 billion RMB[10] Fund Returns - The top-performing fund for the week of May 26 to June 3, 2025, was Dongfanghong Medical Upgrade A, with a weekly return of 6.16% and a year-to-date return of 46.04%[11] - Other notable funds include Huatai-PineBridge Health Life One-Year Hold A and ICBC Health Industry A, which also showed strong returns[11] Green Bond Issuance - A total of 21 green bonds were issued in the interbank and exchange markets from May 26 to May 31, 2025, with a planned issuance scale of approximately 15.564 billion RMB[14] - In June 2025, 8 ESG bonds were issued, amounting to 500 million RMB, while a total of 921 ESG bonds were issued in the past year, totaling 1,035.2 billion RMB[14] Market Trading Activity - The total trading volume of ESG green bonds for the week of May 26 to May 30, 2025, was 474.62 billion RMB, with the interbank bond market accounting for 73.62% of the total trading volume[17] - Repo transactions dominated the trading methods, comprising 95.25% of the total trading volume[17] Bank Wealth Management Products - No new ESG bank wealth management products were issued in June 2025; however, there are 769 existing ESG bank wealth management products, with pure ESG products making up 62.68% of the total[20] Risk Factors - Potential risks include weaker-than-expected ESG policy enforcement, lack of standardized data reporting, and lower-than-expected product issuance scales[25]