State Clearing House Sets Standards for China’s $200 Billion Green Bond Market

China’s main bond clearing house has published a new system of standards for the country’s $200 billion green bond market, offering instructions on disclosing information about projects funded by the proceeds and their environmental benefits.

The system comprises 44 benefit indicators for 207 types of green projects and is aimed at standardizing information disclosure by bond issuers and certification institutions, making the process more transparent, quantifiable, and verifiable, said China Central Depository & Clearing Co. Ltd. (CCDC), the standard setter.