First Batch of China Green Bonds Deemed Compliant With Shared EU Standard

A batch of 193 Chinese green bonds has been deemed to be in line with a set of sustainable finance standards shared by China and the EU, an achievement that experts said could open up the country’s market for the bonds to global investors.

The bonds, the first from China to be considered compliant with the Common Ground Taxonomy (CGT), were labeled by a group of experts organized by the Green Finance Committee (GFC) of the China Society for Finance and Banking, according to a Friday statement from the committee. The GFC is the organization in China in charge of determining which green bonds qualify as being CGT-aligned.