As one of the largest suppliers of sustainable finance, China originated over $131 billion onshore and offshore labelled green bonds in 2023. Despite volumes shrinking 3.5% over the previous year, the market remained the largest green bond market in the world for a second consecutive year.
A from the Climate Bonds Initiative CBI shows that over 80% of the green bond issuers in 2023 were state-owned enterprises SOEs, and the contribution of non-SOEs declined by around 4% in the same year. 84% of the supplies were from repeat issuers, most of whom are from the financial, industrial and utilities’ sectors.
Additionally, social and sustainability bond...