China to issue first RMB-denominated green sovereign bond

Zou Jingxian Associate Professor, Institute of National Development and Strategy, Renmin University of China, Key Member of CMF

This article is reprinted from CGTN, April 3rd, 2025.

Number of Texts: 265 words

Viewing Time: 3 minutes

China is set to issue its first Renminbi-denominated green sovereign bond on the London Stock Exchange. CGTN reporter Wang Mengjie spoke with an economic expert about what this milestone means for China's currency and green finance leadership.

In a landmark move for sustainable finance, China will issue its first globally available green sovereign bonds in Renminbi.

The Ministry of Finance confirms the bonds will be listed in London with a total value up to 6 billion yuan – that's approximately 827 million US dollars, marking a significant step in China's green finance ambitions.

Zou Jingxian:"The issuance is open to international investors, providing clear and standardized investment guidelines. It demonstrates China's openness to international investors. It has also set international standard. By issuing these bonds, China is actively engaging in setting international green finance standards."

This bond issuance delivers on commitments made during January's China-UK Economic and Financial Dialogue in Beijing.

The move comes as global demand for green sovereign bonds continues to grow, with such instruments typically enjoying strong investor appetite and favorable interest rates.

Zou Jingxian:"This transformation is crucial for China's economy and meets the public's growing demand for a better quality of life. The funds raised through these bonds will be allocated for carbon reduction and clean energy projects. Second, it can boost international confidence in China's economy. We know that confidence is important for one economy. By issuing the bond, China can attract more international capital."

毛振华：发挥香港优势 护航内地企业“出海”

王晋斌：“对等关税”：在岸优先于友岸、近岸

毛振华：短期政策调控与中长期结构改革须同时发力

袁海霞等：新动能持续蓄势，价格仍是PMI的主要拖累

刁大明：“特朗普2.0”对华安全战略的延续与变化

【视频】刘元春：“看不见的手”和“看得见的手”都要用好

毛振华：一季度经济开局向好，但仍有三大新题待解

陶冬：以市场角度解读“特朗普冲击波”背后逻辑及效果