绿色债券周度数据跟踪（20250714-20250718）-20250719

Report Summary 1. Report Industry Investment Rating No information about the industry investment rating is provided in the report. 2. Core Viewpoints - In the primary market, 9 green bonds were newly issued in the inter - bank and exchange markets from July 14 to July 18, 2025, with a total issuance scale of about 8.579 billion yuan, a decrease of 26.246 billion yuan compared to the previous week [1]. - In the secondary market, the weekly trading volume of green bonds from July 14 to July 18, 2025, totaled 52.3 billion yuan, a decrease of 10 billion yuan compared to the previous week [2]. - The overall deviation of the weekly average trading price valuation of green bonds from July 14 to July 18, 2025, was not large. The discount trading amplitude was greater than the premium trading, and the proportion of discount trading was higher than that of premium trading [3]. 3. Summary by Relevant Catalogs Primary Market Issuance - Number and Scale: 9 green bonds were issued, with a total scale of about 8.579 billion yuan, down 26.246 billion yuan from the previous week [1]. - Issuance Term: Most issuance terms were 3 years [1]. - Issuer Nature: Included central enterprise subsidiaries, local state - owned enterprises, Sino - foreign joint - ventures, and other enterprises [1]. - Subject Rating: Mostly AAA and AA+ grades [1]. - Issuer Region: Beijing, Anhui, Sichuan, Zhejiang, Shanghai, and Tianjin [1]. - Bond Types: Science and technology innovation bonds, commercial bank ordinary bonds, private placement corporate bonds, credit ABS, and general corporate bonds [1]. Secondary Market Trading - Total Trading Volume: The weekly trading volume was 52.3 billion yuan, a decrease of 10 billion yuan compared to the previous week [2]. - By Bond Type: The top three in trading volume were non - financial corporate credit bonds (25.6 billion yuan), financial institution bonds (20.8 billion yuan), and interest - rate bonds (4.3 billion yuan) [2]. - By Issuance Term: Green bonds with a term of less than 3 years had the highest trading volume, accounting for about 88.61% [2]. - By Issuer Industry: The top three industries in trading volume were finance (21.5 billion yuan), public utilities (13.5 billion yuan), and transportation equipment (1.8 billion yuan) [2]. - By Issuer Region: The top three regions in trading volume were Beijing (16.8 billion yuan), Guangdong (6 billion yuan), and Hubei (4 billion yuan) [2]. Valuation Deviation of Top 30 Individual Bonds - Discount Bonds: The top three discount bonds were 24 Kangfu Leasing ABN001 Priority (Green) (-1.1390%), GK Guoneng 02 (-0.9872%), and 24 Fengdian G2 (-0.4418%). The main industries of the issuers were energy, real estate, and public utilities, and the regions were mainly Beijing, Guangdong, and Guizhou [3]. - Premium Bonds: The top four premium bonds were 25 Shuineng G1 (0.3293%), 21 Chongqing Rail Transit GN003 (Carbon - neutral Bond) (0.1777%), Kunpeng 19A2 (0.1201%), and 25 Deda G2 (0.1079%). The main industries of the issuers were finance, public utilities, and transportation, and the regions were mainly Beijing, Guangdong, Yunnan, and Jiangxi [3].