Core Insights - The global green bond issuance reached $506 billion by late October, a decline of 11% year-on-year, while China's green bond issuance grew by 92% to $101.8 billion, accounting for 20% of the global market, making it the largest green bond market globally [1] - China's green bond market is transitioning from "scale expansion" to "quality and efficiency improvement," supported by enhanced policies and standards, better information disclosure, and increasing international influence [1] - China is playing a significant role in the green bond market and international cooperation, particularly in energy, manufacturing, and adaptation projects, with growing attractiveness of Chinese sustainable bonds among global investors [1] Group 1 - China's green bond issuance has exceeded 240 bonds this year, with a total issuance scale surpassing 640 billion yuan, doubling from 310 billion yuan in 2024, indicating a rapid growth phase for green bond issuance by Chinese financial institutions [4] - The Central National Securities Registration and Settlement Corporation released a white paper indicating the development quality of China's green bond market, highlighting the shift towards improved quality and efficiency [1] - China is aligning with the EU's Common Green Taxonomy and innovating financial instruments like climate adaptation and resilience bonds to optimize its green finance system [4] Group 2 - The international market's increasing focus on environmental benefits and transparency is enhancing the appeal of Chinese sustainable bonds among global investors [1] - The ongoing development in green bonds, carbon markets, and the financialization of natural capital positions China to play a larger role in global climate finance [4]