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Local Chinese Government Debts Make Way Into Green-Bond Indexes

By Han Yi and Aries Poon
Nine local government bonds are now included in two Chinese green-bond indexes. Above, a wind turbine in Zhangjiakou, Hebei province, is seen on Sept. 2. Photo: Wu Gang/Caixin
Nine local government bonds are now included in two Chinese green-bond indexes. Above, a wind turbine in Zhangjiakou, Hebei province, is seen on Sept. 2. Photo: Wu Gang/Caixin

For the first time, China’s major green-bond indexes are including local government debts backing projects that address the climate-change challenge.

An inclusion in the benchmarks will better represent the overall market performance and push issuers to adopt more-stringent information disclosure standards — a problem that has been plaguing the nascent sector.

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