Market Overview - The A-share market saw a narrowing decline last week, with the CSI 300 index down by 1.41%, the ESG 300 index down by 1.07%, the CSI ESG 100 index down by 0.85%, and the Sci-Tech Innovation ESG index down by 1.10%[5] - The average daily trading volume for the entire A-share market was approximately 3.85 trillion yuan, indicating a decrease in liquidity compared to the previous period[5] ESG Fund Issuance - A total of 13 new ESG funds were launched this month, with a total issuance of 7.109 billion units, primarily focused on ESG strategies and environmental protection[10] - Over the past year, 292 ESG public funds were issued, with a total issuance of 195.38 billion units[10] - As of March 30, 2026, there are 1,097 existing ESG funds, with the largest categories being ESG strategies (447 funds) and environmental protection (281 funds)[10] - The total net asset value of ESG funds reached 1,765.691 billion yuan, with social responsibility products accounting for the largest share at 41.50%[10] Fund Performance - The top-performing fund last week was the Fortune Resource Select A, with a weekly return of 17.74% and a year-to-date return of 28.57%[11] - Other notable funds include China Life Asset Management's Low Carbon Economy and ICBC Health Industry funds, which also showed strong performance[11] Green Bond Market - In the past week, 10 new green bonds were issued, with a total planned issuance of approximately 13.9 billion yuan[15] - This month, a total of 136 ESG bonds were issued, amounting to 119.2 billion yuan, while the total issuance over the past year reached 1,457.1 billion yuan[15] - As of March 30, 2026, there are 4,002 ESG bonds issued, with green bonds making up the largest share at 2,688 bonds[15] Trading Activity - The total trading volume of ESG green bonds last week was 556,785.48 billion yuan, with the interbank bond market accounting for 76.23% of the total trading volume[17] - Repo transactions dominated the trading activity, comprising 95.49% of the total trading volume[17] ESG Wealth Management Products - This month, 83 ESG wealth management products were issued, primarily focusing on pure ESG and environmental protection themes[19] - Over the past year, 1,415 ESG wealth management products were issued, with 1,175 currently active in the market[19] - Pure ESG products represent the largest share of existing products at 55.32%[19] Risk Factors - Potential risks include the possibility that ESG policy support may not meet expectations, a lack of standardized data reporting, and lower-than-expected product issuance volumes[23]

Market Overview - The A-share market experienced a pullback from March 16 to March 20, 2026, with the CSI 300 index down by 2.19%, the ESG 300 index down by 2.78%, the CSI ESG 100 index down by 4.13%, and the Sci-Tech ESG index down by 5.37%[5] - The average daily trading volume for the entire A-share market was approximately 4.03 trillion yuan, indicating a contraction in liquidity[5] ESG Fund Issuance - In March 2026, nine new ESG funds were launched, with a total issuance of 6.098 billion units, primarily focused on ESG strategies and environmental protection[9] - Over the past year, a total of 288 ESG public funds were issued, amounting to 194.369 billion units[9] - As of March 22, 2026, there are 1,096 existing ESG funds, with the largest categories being ESG strategies (445 funds) and environmental protection (282 funds)[9] Fund Performance - The top-performing fund from March 16 to March 20, 2026, was Huatai-PB Core Technology A, with a weekly return of 3.24% and a year-to-date return of 4.59%[10] - Funds that exceeded benchmark returns included Huatai-PB Digital Future C (6.27%) and Huatai-PB Medical Active Growth A (5.54%) during the same period[11] Green Bond Market - A total of 19 green bonds were issued in the interbank and exchange markets from March 16 to March 20, 2026, with a planned issuance scale of approximately 16.734 billion yuan[14] - In March 2026, 103 ESG bonds were issued, raising 90.2 billion yuan, while the total issuance over the past year reached 1,428.1 billion yuan[14] - The existing ESG bond market comprises 4,006 bonds, with green bonds making up the largest share at 2,706 bonds, representing 62.42% of the total outstanding amount of 5.84 trillion yuan[14] ESG Wealth Management Products - In March 2026, 63 ESG wealth management products were issued, primarily focusing on pure ESG and environmental protection themes[20] - The total number of existing ESG wealth management products is 1,232, with pure ESG products accounting for 53.98% of the total[20] Risk Considerations - Potential risks include insufficient policy support for ESG initiatives, lack of standardized data reporting, and lower-than-expected product issuance scales[25]

Market Overview - The A-share market experienced a pullback from March 2 to March 6, 2026, with the CSI 300 index down by 1.07%, the ESG 300 index down by 1.28%, the CSI ESG 100 index down by 1.37%, and the Sci-Tech Innovation ESG index down by 4.49%[5] - The average daily trading volume across the A-share market was approximately 4.83 trillion RMB, indicating a loosening of liquidity[5] ESG Fund Issuance - In March 2026, only 1 new ESG fund was launched, with an issuance of 1.531 billion units, primarily focused on ESG strategies[11] - Over the past year, a total of 280 ESG public funds were issued, with a total issuance of 189.802 billion units[11] - As of March 7, 2026, there are 1,090 existing ESG funds, with the largest categories being ESG strategies (443 funds) and environmental protection (281 funds)[11] - The total net asset value of ESG funds reached 1,759.786 billion RMB, with ESG strategy funds accounting for 41.67% of this total[11] Fund Performance - The top-performing fund for the week of March 2 to March 6, 2026, was Huaxia Clean Energy Leader A, with a weekly return of 5.53% and a year-to-date return of 38.06%[12] - Other notable funds included multiple ETFs focused on green power, with returns ranging from 3.94% to 4.02% for the same period[12] Green Bond Market - During the week of March 2 to March 6, 2026, 5 new green bonds were issued, with a total planned issuance of approximately 1.8 billion RMB[15] - A total of 29 ESG bonds were issued in March 2026, contributing to a yearly total of 1,285 ESG bonds with a total issuance amount of 1,342.8 billion RMB[15] - The existing ESG bonds in China total 3,955, with green bonds making up 62.17% of the total outstanding amount of 5.77 trillion RMB[16] Trading Activity - The total trading volume of ESG green bonds for the week was 604.21489 billion RMB, with the interbank bond market accounting for 76.70% of this volume[16] - Repo transactions dominated the trading methods, comprising 95.16% of the total trading volume[16] ESG Wealth Management Products - In March 2026, 24 new ESG wealth management products were issued, primarily focused on pure ESG and environmental protection themes[19] - There are currently 1,235 existing ESG wealth management products, with pure ESG products making up 53.28% of the total[19] Risk Factors - Potential risks include insufficient policy support for ESG initiatives, lack of standardized data reporting, and lower-than-expected product issuance volumes[21]

Market Overview - The A-share market experienced a pullback from March 2 to March 6, 2026, with the CSI 300 index down by 1.07%, the ESG 300 index down by 1.28%, the CSI ESG 100 index down by 1.37%, and the Sci-Tech Innovation ESG index down by 4.49%[5] - The average daily trading volume across the A-share market was approximately 4.83 trillion RMB, indicating a loosening of liquidity[5] ESG Fund Issuance - In March 2026, only 1 new ESG fund was launched, with an issuance of 1.531 billion units, primarily focused on ESG strategies[11] - Over the past year, a total of 280 ESG public funds were issued, with a total issuance of 189.802 billion units[11] - As of March 7, 2026, there are 1,090 existing ESG funds, with the largest categories being ESG strategies (443 funds) and environmental protection (281 funds)[11] - The total net asset value of ESG funds reached 1,759.786 billion RMB, with ESG strategy funds accounting for 41.67% of this total[11] Fund Performance - The top-performing fund for the week of March 2 to March 6, 2026, was Huaxia Clean Energy Leader A, with a weekly return of 5.53% and a year-to-date return of 38.06%[12] - Other notable funds included various ETFs focused on green power, with returns ranging from 3.76% to 4.02% for the week[12] Green Bond Market - During the same week, 5 new green bonds were issued in the interbank and exchange markets, with a total planned issuance of approximately 1.8 billion RMB[15] - A total of 29 ESG bonds were issued in March 2026, contributing to a yearly total of 1,285 ESG bonds with a total issuance amount of 1,342.8 billion RMB[15] - As of March 7, 2026, there are 3,955 ESG bonds issued in total, with green bonds making up 62.17% of the total outstanding amount of 5.77 trillion RMB[16] Trading Activity - The total trading volume of ESG green bonds for the week was 604.215 billion RMB, with the interbank market accounting for 76.70% of this volume[16] - Repo transactions dominated the trading methods, comprising 95.16% of the total trading volume[16] ESG Wealth Management Products - In March 2026, 24 new ESG wealth management products were issued, primarily focusing on pure ESG and environmental protection themes[19] - Over the past year, 1,356 ESG wealth management products have been issued, with 1,235 currently active in the market[19] - Pure ESG products represent the largest share, accounting for 53.28% of the total[19] Risk Factors - Potential risks include insufficient policy support for ESG initiatives, lack of standardized data reporting, and lower-than-expected product issuance scales[21]

Group 1 - The year 2026 is identified as a critical year for systematic green development in China, focusing on the integration of green principles into energy, manufacturing, consumption, and finance sectors [2][8] - The transition from energy consumption control to carbon emission control will be fully implemented, establishing carbon emission intensity as a core evaluation metric [3][11] - The construction of a new power system and the promotion of green hydrogen as a key decarbonization pathway are highlighted as major trends in energy innovation [3][20] Group 2 - The manufacturing sector is moving from conceptual guidance to practical implementation of green transformation, with zero-carbon parks and factories becoming pilot units for achieving carbon peak [4][23] - The expansion of the carbon market is expected to stabilize, with a focus on covering key industrial emission sectors during the 14th Five-Year Plan [4][32] - The manufacturing industry is encouraged to adopt carbon intensity indicators as core management requirements to accelerate the elimination of high-energy and outdated capacities [4][35] Group 3 - Green consumption is seen as a necessary focus area, with potential for significant growth in sectors such as agricultural products, home appliances, and automobiles [5][39] - The government is expected to implement policies to stimulate green consumption, aligning with the broader goal of expanding domestic demand while achieving sustainability [5][41] - The automotive sector, particularly electric vehicles, is projected to maintain stable growth supported by "trade-in" subsidies [5][43] Group 4 - The development of green finance in China has progressed significantly over the past decade, with green credit leading the way in terms of scale [6][51] - The green finance structure is expected to shift towards direct financing, with an increase in the share of direct financing-related green financial products [6][60] - The current green finance development reflects a potential imbalance with the green industry economy, indicating that green finance may not fully leverage its potential [6][58]

Market Overview - The A-share market showed signs of recovery with the CSI 300 index rising by 1.08% and the ESG 300 index declining by 1.00% during the week of February 23-27, 2026[5] - The average daily trading volume across the A-share market was approximately 3.86 trillion yuan, indicating a loosening of liquidity[5] ESG Fund Issuance - No new ESG funds were issued in March 2026; however, a total of 279 ESG public funds were issued in the past year, with a total share of 188.271 billion units[11] - The total net asset value of existing ESG funds reached 1,757.738 billion yuan, with ESG strategy funds accounting for the largest share at 41.71%[11] Fund Performance - The top-performing fund for the week was the Lobo Mai Resource Selection A, with a weekly return of 11.44% and a year-to-date return of 29.54%[12] - The Wan Jia Strategic Development Industry A and Hua An New Silk Road Theme C funds outperformed their benchmark returns by 8.72% and 6.88%, respectively[13] Green Bond Issuance - Two new green bonds were issued in the week of February 23-27, 2026, with a total planned issuance of approximately 750 million yuan[15] - Over the past year, a total of 1,258 ESG bonds were issued, amounting to 1,309.7 billion yuan, with 3,948 ESG bonds issued to date[15] Green Bond Trading - The total trading volume of ESG green bonds for the week was 457.244 billion yuan, with the interbank bond market accounting for 73.47% of the total trading volume[18] - Repo transactions dominated the trading methods, comprising 95.05% of the total trading volume[18] ESG Bank Wealth Management Products - No new ESG bank wealth management products were issued in March 2026; however, there are currently 1,237 existing products, with pure ESG products making up 53.19% of the total[20] Risk Factors - Potential risks include insufficient policy support for ESG initiatives, lack of standardized data reporting, and lower-than-expected product issuance volumes[23]

Market Overview - The A-share market adjusted last week, with the CSI 300 index down 1.33% and the ESG 300 index down 0.86%[5] - The average daily trading volume for the entire A-share market was approximately 4.41 trillion RMB, indicating a contraction in liquidity[5] ESG Fund Issuance - Two new ESG funds were launched this month, with a total issuance of 1.491 billion units, primarily focused on ESG strategies and environmental protection[10] - Over the past year, a total of 277 ESG public funds were issued, with a total issuance of 184.322 billion units[10] - As of February 9, 2026, there are 1,089 existing ESG funds, with the largest categories being ESG strategies (445 funds) and environmental protection (282 funds)[10] ESG Fund Performance - The top-performing fund last week was the Penghua SSE Sci-Tech Innovation Board New Energy ETF, with a weekly return of 6.96% and a year-to-date return of 15.47%[11] - Funds such as the Shenwan Hongyuan New Energy A and Ping An Low Carbon Economy A also showed strong performance, exceeding benchmark returns by 5.27% and 5.08% respectively[12] Green Bond Issuance - A total of 44 ESG bonds were issued this month, with an issuance amount of 27.2 billion RMB[14] - In the past year, 1,307 ESG bonds were issued, totaling 1,421.1 billion RMB[14] - As of February 9, 2026, the total number of issued ESG bonds reached 3,959, with green bonds making up the largest share at 2,674 bonds[14] Green Bond Trading - The total weekly trading volume of ESG green bonds was approximately 609.75 billion RMB, with the interbank bond market accounting for 77.02% of the trading volume[17] - Repo transactions dominated the trading methods, comprising 94.99% of the total trading volume[17] ESG Wealth Management Products - 26 ESG wealth management products were issued this month, with a total of 1,321 products issued over the past year[19] - As of February 9, 2026, there are 1,235 existing ESG wealth management products, with pure ESG themes making up 53.36% of the total[19] Risk Factors - Potential risks include insufficient policy support for ESG initiatives, lack of standardized data reporting, and lower-than-expected product issuance scales[23]

【ESG 投资周报】本月新发绿色债券 24 只，流动性环比宽松 产业研究中心 资讯汇总 [table_Header]2026.02.02 摘要： | [Table_Authors] | | | --- | --- | | | 赵子健(分析师) | | | 021-38032292 | | | zhaozijian@gtht.com | | 登记编号 | S0880520060003 | | | 王佳(分析师) | | | 010-83939781 | | | wangjia7@gtht.com | | 登记编号 | S0880524010001 | | | 蔡晨(分析师) | | | 021-38031023 | | | caichen@gtht.com | | 登记编号 | S0880525080002 | [Table_Report] 往期回顾 【ESG 投资周报】本月新发绿色债券 80 只，银 行理财稳步发行 2026.01.26 【行业 ESG 周报】五部门印发指导意见支撑零碳 工厂建设，我国新型自然保护地体系初步建成 2026.01.26 【ESG 投资周报】本月新发 ESG基金 1 只，绿色 债券 ...

Group 1: ESG Fund Overview - One new ESG fund was launched this month with an issuance of 0.11 million shares, primarily focused on ESG strategies[8] - A total of 189 ESG public funds were issued in the past year, with a total issuance of 711.78 billion RMB[8] - The total net asset value of existing ESG funds reached 1,173.33 billion RMB, with ESG strategy funds accounting for the largest share at 45.01%[10] Group 2: Market Performance - During the week of January 12-16, 2026, the A-share market experienced a pullback, with the CSI 300 index down by 0.57%, the ESG 300 index down by 0.51%, and the CSI ESG 100 index down by 0.65%[5] - The weekly average trading volume across the A-share market was approximately 6.37 trillion RMB, indicating a loosening of liquidity[5] Group 3: Green Bond Issuance - A total of 58 ESG bonds were issued this month, with a total issuance amount of 34 billion RMB[15] - In the past year, 1,267 ESG bonds were issued, totaling 1,372 billion RMB[15] - The existing ESG bond market comprises 3,911 bonds, with green bonds making up the largest share at 62.28% of the total outstanding amount of 5.76 trillion RMB[15] Group 4: Bank Wealth Management Products - This month, 57 ESG wealth management products were launched, primarily focusing on pure ESG and social responsibility themes[20] - Over the past year, 1,293 ESG bank wealth management products were issued, with 1,221 currently active in the market[20] - Pure ESG products account for the largest share of existing products at 53.48%[20] Group 5: Risk Factors - Potential risks include insufficient policy support for ESG initiatives, lack of standardized data reporting, and lower-than-expected product issuance volumes[23]

Market Performance - The A-share market showed signs of recovery with the CSI 300 index rising by 2.79% and the ESG 300 index increasing by 3.17% during the week of January 5-9, 2026[5] - The average daily trading volume across the A-share market was approximately 52.3 billion RMB, indicating a loosening of liquidity[5] ESG Fund Issuance - No new ESG fund products were issued in January 2026; however, a total of 184 ESG public fund products were issued in the past year, amounting to 70.809 billion units[7] - The total net asset value of existing ESG fund products reached 1,167.513 billion RMB, with ESG strategy funds accounting for the largest share at 45%[7] Green Bond Issuance - In January 2026, 32 ESG bonds were issued, totaling 21.1 billion RMB; over the past year, 1,241 ESG bonds were issued, amounting to 1,359.1 billion RMB[13] - The total outstanding ESG bonds in China reached 3,898, with green bonds making up 62.3% of the total outstanding amount of 5.77 trillion RMB[13] Trading Activity - The total trading volume of ESG green bonds for the week of January 5-9, 2026, was approximately 604.5826 billion RMB, with the interbank bond market accounting for 75.69% of the total trading volume[15] - Repo transactions dominated the trading activity, comprising 95.04% of the total trading volume during the same week[15] Bank Wealth Management Products - In January 2026, 24 ESG wealth management products were issued, primarily focused on pure ESG and social responsibility themes[17] - The total number of existing ESG bank wealth management products reached 1,212, with pure ESG products making up 53.96% of the total[17] Risk Factors - Potential risks include insufficient policy support for ESG initiatives, lack of standardized data reporting, and lower-than-expected product issuance volumes[21]