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绿色债券周度数据跟踪(20250728-20250801)-20250802
Soochow Securities·2025-08-02 13:45

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core View of the Report The report presents a weekly data tracking of green bonds from July 28, 2025, to August 1, 2025, including primary market issuance, secondary market trading, and valuation deviation of the top 30 individual bonds. 3. Summary by Relevant Catalogs Primary Market Issuance - 13 new green bonds were issued in the inter - bank and exchange markets, with a total issuance scale of about 6.6 billion yuan, a decrease of 29.399 billion yuan from the previous week [1]. - The issuance term is mostly 2 years; the issuer's nature includes state - owned enterprises, Sino - foreign joint - ventures, central enterprise subsidiaries, local state - owned enterprises, and large private enterprises [1]. - The issuer's credit ratings are mostly AAA and AA+; the issuers are located in Beijing, Sichuan, Guangdong, Henan, Hubei, and Yunnan [1]. - The types of issued bonds include ultra - short - term financing bills, science and technology innovation bonds, ABNs of the National Association of Financial Market Institutional Investors, enterprise ABS, private placement corporate bonds, general corporate bonds, and PPNs [1]. Secondary Market Trading - The weekly trading volume of green bonds totaled 47 billion yuan, a decrease of 14 billion yuan from the previous week [2]. - By bond type, the top three in trading volume are non - financial corporate credit bonds (24 billion yuan), financial institution bonds (17 billion yuan), and interest - rate bonds (4.5 billion yuan) [2]. - By issuance term, green bonds with a term of less than 3 years had the highest trading volume, accounting for about 80.44%, indicating sustained market popularity [2]. - By issuer's industry, the top three in trading volume are finance (24.6 billion yuan), public utilities (11.2 billion yuan), and transportation equipment (1.6 billion yuan) [2]. - By issuer's region, the top three in trading volume are Beijing (19.8 billion yuan), Hubei (4.6 billion yuan), and Guangdong (3.9 billion yuan) [2]. Valuation Deviation of the Top 30 Individual Bonds - The overall deviation of the weekly average trading price valuation of green bonds was not significant, with the discount trading amplitude and proportion greater than the premium trading [3]. - Among the discount bonds, the top three in discount rate are G19 Huangshi (-1.1264%), 21 Fengcheng Green Bond 01 (-0.4837%), and 21 Linchuan Green Bond 02 (-0.3514%), and the other discount rates are within -0.35%. The main industries of the issuers are finance, public utilities, and real estate, and the regions are mostly Beijing, Shandong, and Guangdong [3]. - Among the premium bonds, the top four in premium rate are 23 Bank of Communications Green Bond 01 (0.8747%), 24 China Construction Bank Green Bond 01BC (0.7771%), 23 Postal Savings Bank Green Financial Bond 01 (0.5612%), and 25 Chery Auto Finance Green Bond 02 (0.5437%), and the other premium rates are within 0.52%. The main industries of the issuers are finance, comprehensive, and public utilities, and the regions are mostly Shanghai, Beijing, Tianjin, and Guangdong [3].