The Chinese green bond market has grown rapidly since its debut in late 2015. It is a similar trend to that we have seen for the green bond market globally, and China has quickly become the world’s largest issuer of green bonds and second largest market in terms of issuance volume. We believe that this momentum is very likely to continue over the medium term – especially as green bonds represent an important tool for Beijing to achieve its 2060 carbon neutrality objective2 .
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