绿色债券周度数据跟踪-20260103

1. Report Industry Investment Rating No information provided regarding the industry investment rating in the report. 2. Core Viewpoints of the Report - In the primary market, from December 29, 2025, to December 31, 2025, 13 green bonds were newly issued in the inter - bank and exchange markets, with a total issuance scale of about 1.3398 billion yuan, a decrease of 936.3 million yuan compared to the previous week [1]. - In the secondary market, the weekly trading volume of green bonds from December 29, 2025, to December 31, 2025, totaled 49 billion yuan, a decrease of 15.5 billion yuan compared to the previous week. Non - financial corporate credit bonds, financial institution bonds, and interest - rate bonds had the top three trading volumes [2]. - In terms of valuation deviation of the top 30 individual bonds, the overall deviation of the weekly trading average price valuation of green bonds was not large. The discount trading amplitude was smaller than the premium trading, and the discount trading proportion was greater than the premium trading [3]. 3. Summaries According to Relevant Catalogs Primary Market Issuance - Number and Scale: 13 green bonds were newly issued, with a total scale of about 1.3398 billion yuan, a decrease of 936.3 million yuan from the previous week [1]. - Issuance Tenure: Mostly 2 - year and 24 - year bonds [1]. - Issuer Nature: Central state - owned enterprises, local state - owned enterprises, and foreign - owned enterprises [1]. - Subject Rating: Mostly AAA and AA+ ratings [1]. - Issuer Region: Hubei, Fujian, Anhui, Guangdong, Shandong, Zhejiang, Jiangsu, and Beijing [1]. - Bond Types: Medium - term notes, corporate ABS, and private placement corporate bonds [1]. Secondary Market Trading - Total Trading Volume: The weekly trading volume was 49 billion yuan, a decrease of 15.5 billion yuan from the previous week [2]. - By Bond Type: Non - financial corporate credit bonds (22.3 billion yuan), financial institution bonds (19.9 billion yuan), and interest - rate bonds (5.1 billion yuan) had the top three trading volumes [2]. - By Issuance Tenure: Green bonds with a term of less than 3 years had the highest trading volume, accounting for about 85.30% [2]. - By Issuer Industry: The top three industries in terms of trading volume were finance (22.1 billion yuan), public utilities (10.9 billion yuan), and transportation (170 million yuan) [2]. - By Issuer Region: Beijing (16.1 billion yuan), Guangdong (5.9 billion yuan), and Hubei (4.6 billion yuan) had the top three trading volumes [2]. Valuation Deviation of the Top 30 Individual Bonds - Overall Situation: The overall deviation of the weekly trading average price valuation was not large. The discount trading amplitude was smaller than the premium trading, and the discount trading proportion was greater than the premium trading [3]. - Discount Bonds: The top three discount bonds were 24 Guangzhou Kaide MTN001B (- 0.6391%), GC Tianhui 03 (- 0.1777%), and 25 Xuzhou Transportation ABN001 Priority (- 0.1698%). The subject industries were mainly real estate, steel, and finance, and the regions were mainly Guizhou, Hebei, and Guangdong [3]. - Premium Bonds: The top three premium bonds were 25 Puzhi G3 (1.7539%), 24 Xinyang G1 (0.7196%), and 25 Three Gorges GN010 (0.4792%). The subject industries were mainly finance, public utilities, and energy, and the regions were mainly Guangdong, Hubei, and Beijing [3].