绿色债券周度数据跟踪（20250721-20250725）-20250726

Group 1: Investment Rating - There is no information about the industry investment rating in the report Group 2: Core View - The report tracks the weekly data of green bonds from July 21 to July 25, 2025, covering primary market issuance, secondary market trading, and valuation deviation of individual bonds [1] Group 3: Summary by Catalog Primary Market Issuance - 24 new green bonds were issued in the inter - bank and exchange markets, with a total issuance scale of about 35.999 billion yuan, an increase of 27.42 billion yuan from last week [1] - Most bonds have a 3 - year issuance term, and issuers include central enterprise subsidiaries, local and central state - owned enterprises, and large private enterprises [1] - The issuers' credit ratings are mostly AAA and AA +, and they are located in Beijing, Anhui, Guangdong, and other places [1] - The types of issued bonds include ultra - short - term financing bills, science and technology innovation bonds, and other financial institution bonds [1] Secondary Market Trading - The total weekly trading volume of green bonds was 61 billion yuan, an increase of 8.7 billion yuan from last week [2] - By bond type, the top three in trading volume were financial institution bonds, non - financial corporate credit bonds, and interest - rate bonds, with trading volumes of 30.4 billion, 23.6 billion, and 5.4 billion yuan respectively [2] - By issuance term, green bonds with a term of less than 3 years had the highest trading volume, accounting for about 87.94% [2] - By issuer's industry, the top three industries in trading volume were finance, public utilities, and transportation equipment, with trading volumes of 32.5 billion, 11.7 billion, and 1.5 billion yuan respectively [2] - By issuer's region, the top three in trading volume were Beijing, Guangdong, and Fujian, with trading volumes of 25 billion, 5 billion, and 5 billion yuan respectively [2] Valuation Deviation of Individual Bonds - The overall deviation of the weekly average trading price valuation of green bonds was not large, with the discount trading amplitude smaller than the premium trading, and the discount trading proportion less than the premium trading [3] - Among the discount bonds, the top three in discount rate were 21 Linchuan Green Bond 02 (- 0.3664%), 22 Vanke GN003 (- 0.1649%), and 24 Kangfu Leasing MTN002 (sustainability - linked) (- 0.1057%) [3] - Among the premium bonds, the top four in premium rate were 22 Guangdong Bond 10 (1.1757%), GC Wind Power KV (0.8326%), 20 Shandong 70 (0.7413%), and 25 CNNC Leasing GN002 (carbon - neutral bond) (0.5381%) [3]