Loopholes Linked to Third-Party Verification Undermine China's Green Bond Market, Says Economist

(Beijing)- China's green bond market is expected to grow to the largest in the world by the end of 2016, but policy loopholes related to third-party verification of these bonds could undermine the market's credibility, a top economist warned.

China issued 58 billion yuan worth of green bonds, or nearly 30 percent of all green bonds worldwide by the end of June, said Industrial Bank Co. researcher Tang Weiqi on August 11.