China's efforts to develop a sustainable green bond market are starting to put much of the rest of Asia to shame as a debut international green bond by Three Gorges Corporation this Wednesday adds another notch to the country's tally.
So far this year, Chinese entities have accounted for 91.25% of Asia's $8.147 billion green bond issuance according to Dealogic data. This is an even higher ratio than 2016, when the country's issuers accounted for 87.56%.
Second is India on 6.78% and behind that, the rest of Asia on 2.2%. This latter figure includes the Asian Development Bank, two Taiwanese banks and one solitary issue...