China Names 18 Institutions as Gatekeepers for Green Bonds

Chinese regulators designated 18 credit rating and accounting businesses as the country’s first officially approved green bond gatekeepers in a move to put the booming market under formal oversight.

The Green Bond Standards Committee, a regulatory body under China’s National Association of Financial Market Institutional Investors, filed the 18 institutions selected for green bond assessment and certification with the central bank and the China Securities Regulatory Commission, the committee said Thursday.