China Debuts Interbank Transition Bonds Amid Drive to Cut Carbon

What’s new: China’s first batch of interbank transition bonds was launched earlier this week, aimed at funding green transformation projects as Beijing pushes its sweeping decarbonization drive.

Five state-owned enterprises (SOEs) issued the bonds, according to a Thursday statement released by the National Association of Financial Market Institutional Investors (NAFMII), a self-regulatory body of the interbank bond market, one of the country’s two major bond markets.