绿色债券周度数据跟踪（20250818-20250822）-20250823

Group 1: Report Industry Investment Rating - No industry investment rating is provided in the report Group 2: Core Viewpoints - The primary market issued 16 green bonds in the week from August 18 - 22, 2025, with a total issuance scale of about 6.79 billion yuan, a decrease of 6.341 billion yuan from the previous week. The issuance terms are mostly 3 years, with issuers including local state - owned enterprises, large private enterprises, and central enterprise subsidiaries, and most of the issuers have an AAA or AA+ rating [1]. - The secondary market green bond trading volume in the week from August 18 - 22, 2025, totaled 53 billion yuan, a decrease of 4.8 billion yuan from the previous week. The top three bond types in terms of trading volume are non - financial corporate credit bonds, financial institution bonds, and interest - rate bonds. Green bonds with a term of less than 3 years have the highest trading volume, accounting for about 82.16%. The top three industries in terms of trading volume are finance, public utilities, and transportation equipment. The top three regions in terms of trading volume are Beijing, Shanghai, and Hubei [2]. - In the week from August 18 - 22, 2025, the overall deviation of the weekly average trading price valuation of green bonds is not large. The discount trading amplitude is smaller than the premium trading amplitude, and the discount trading proportion is less than the premium trading proportion [3]. Group 3: Summary by Relevant Catalogs Primary Market Issuance - Issuance Quantity and Scale: 16 green bonds were newly issued in the week from August 18 - 22, 2025, with a total issuance scale of about 6.79 billion yuan, a decrease of 6.341 billion yuan from the previous week [1]. - Issuance Terms: Most issuance terms are 3 years [1]. - Issuer Nature: Issuers include local state - owned enterprises, large private enterprises, and central enterprise subsidiaries [1]. - Issuer Ratings: Most issuers have an AAA or AA+ rating [1]. - Issuer Regions: Issuers are from Beijing, Guangdong, Guangxi, Guizhou, Hebei, Henan, Jiangsu, Shandong, Sichuan, Tianjin, Yunnan, and Chongqing [1]. - Bond Types: Bond types include ultra - short - term financing bills, private placement notes (PPN), ABN of the National Association of Financial Market Institutional Investors, enterprise ABS, medium - term notes, private corporate bonds, and general corporate bonds [1]. Secondary Market Transactions - Total Trading Volume: The total trading volume in the week from August 18 - 22, 2025, was 53 billion yuan, a decrease of 4.8 billion yuan from the previous week [2]. - By Bond Type: The top three in terms of trading volume are non - financial corporate credit bonds (25.2 billion yuan), financial institution bonds (19.6 billion yuan), and interest - rate bonds (4.1 billion yuan) [2]. - By Issuance Term: Green bonds with a term of less than 3 years have the highest trading volume, accounting for about 82.16% [2]. - By Issuer Industry: The top three industries in terms of trading volume are finance (22.3 billion yuan), public utilities (10.5 billion yuan), and transportation equipment (2.9 billion yuan) [2]. - By Issuer Region: The top three regions in terms of trading volume are Beijing (17.7 billion yuan), Shanghai (4.3 billion yuan), and Hubei (4.3 billion yuan) [2]. Valuation Deviation of Top 30 Individual Bonds - Discount Bonds: The top three discount bonds are "22 Dazu State - owned Green Bond" (-0.6793%), "22 Fuyuan Green Bond 02" (-0.4774%), and "25 Shuineng G1" (-0.4666%). The main industries of the issuers are finance, construction, and transportation equipment, and the implicit ratings of ChinaBond are mainly AAA-, AA+, and AA-. The regions are mainly Beijing, Shanghai, and Jiangxi [3]. - Premium Bonds: The top four premium bonds are "Yuehuan GK01" (1.1082%), "GK Mengdian 02" (1.0819%), "20 Henan 39" (1.0473%), and "25 Kangfu Leasing MTN001 (Carbon - neutral Bond)" (0.7551%). The main industries of the issuers are finance, energy, and transportation equipment, and the implicit ratings of ChinaBond are mainly AA+, AA(2), and AA. The regions are mainly Shanghai, Guangdong, Shandong, and Beijing [3].