绿色债券周度数据跟踪-20260117
Soochow Securities·2026-01-17 11:21

Group 1: Report's Investment Rating for the Industry - No information provided about the industry investment rating in the report Group 2: Core Viewpoints of the Report - In the primary market, 15 green bonds were newly issued in the inter - bank and exchange markets from January 12 to January 16, 2026, with a total issuance scale of about 9.561 billion yuan, a decrease of 5.365 billion yuan from the previous week. The issuance terms are mostly 3 - year and 5 - year, and the issuers are mainly central enterprise subsidiaries, local state - owned enterprises, and large private enterprises, with most of the subject ratings being AAA and AA+ [1]. - In the secondary market, the weekly trading volume of green bonds from January 12 to January 16, 2026, totaled 64.8 billion yuan, an increase of 7.1 billion yuan from the previous week. Non - financial corporate credit bonds, financial institution bonds, and interest - rate bonds had the top three trading volumes. Green bonds with a term of less than 3 years had the highest trading volume, accounting for about 84.38%. The industries with the top three trading volumes were finance, public utilities, and transportation equipment, and the regions with the top three trading volumes were Beijing, Guangdong, and Hubei [2]. - From January 12 to January 16, 2026, the overall deviation of the weekly average trading price valuation of green bonds was not large. The discount trading amplitude was smaller than the premium trading amplitude, and the proportion of discount trading was greater than that of premium trading [3]. Group 3: Summary by Relevant Catalogs Primary Market Issuance - 15 green bonds were newly issued with a total scale of about 9.561 billion yuan, a decrease of 5.365 billion yuan from the previous week. The issuance terms were mostly 3 - year and 5 - year. Issuers included central enterprise subsidiaries, local state - owned enterprises, and large private enterprises, with subject ratings mainly being AAA and AA+. Issuers were from Guangdong, Zhejiang, Shanghai, Beijing, Guangxi, Hunan, and Jiangsu. The bond types included enterprise ABS, private corporate bonds, general corporate bonds, and medium - term notes [1]. Secondary Market Trading - The weekly trading volume was 64.8 billion yuan, an increase of 7.1 billion yuan from the previous week. By bond type, non - financial corporate credit bonds, financial institution bonds, and interest - rate bonds had the top three trading volumes of 29 billion yuan, 26.5 billion yuan, and 7 billion yuan respectively. By issuance term, bonds with a term of less than 3 years had the highest trading volume, accounting for about 84.38%. By issuer industry, finance, public utilities, and transportation equipment had the top three trading volumes of 31 billion yuan, 11.8 billion yuan, and 3.4 billion yuan respectively. By issuer region, Beijing, Guangdong, and Hubei had the top three trading volumes of 21.2 billion yuan, 7.6 billion yuan, and 4.7 billion yuan respectively [2]. Valuation Deviation of the Top 30 Individual Bonds - The overall deviation of the weekly average trading price valuation was not large. The discount trading amplitude was smaller than the premium trading amplitude, and the proportion of discount trading was greater than that of premium trading. - For discount bonds, the top three discount rates were G20 Ji'an 1 (- 2.9131%), 24 Yuezu G2 (- 1.4942%), and 25 Shuineng (- 1.0577%). The main subject industries were steel, finance, and public utilities, with ChinaBond implicit ratings mainly being AA, AA+, and AAA+. The regions were mainly Shanghai, Guangdong, and Guangxi. - For premium bonds, the top three premium rates were 25 Fudi Leasing ABN001 Priority (Green) (46.9921%), 20 Yichun Venture Capital Green Bond (0.9221%), and 24 Xinyang G1 (0.9098%). The main subject industries were construction, finance, and steel, with ChinaBond implicit ratings mainly being AA, AA+, and AAA-. The regions were mainly Guangdong, Shanghai, and Hubei [3].

绿色债券周度数据跟踪-20260117 - Reportify