久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Lenders give carbon finance innovation lift

By JIANG XUEQING | China Daily | Updated: 2021-06-30 08:03
Share
Share - WeChat
Construction site of a wind power project in Putian, Fujian province. [Photo/Xinhua]

Structured green deposits, special bonds all the rage as emissions trading nears

The imminent launch of a national carbon emissions trading scheme has prompted banks in China to strengthen innovation of certain financial products related to the theme of carbon neutrality.

Lenders have been doing that since the beginning of this year. For instance, HSBC China launched green deposits for its corporate clients in the Chinese mainland last week.

HSBC China's clients now have an opportunity to fulfill their sustainability goals by investing their surplus cash in environmentally friendly projects in sectors like renewable energy, sustainable waste management, energy efficiency and clean transportation.

"More and more companies are keen to identify opportunities to contribute to China's goals to peak its carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060. Green deposits can match the demand of companies with surplus cash for inclusion of sustainability agenda in their financial activities with the demand of those in need of funds to finance their green and low-carbon projects," said Mark Wang, president and chief executive officer of HSBC China.

"The development of green finance in China is accelerating in recent years, as regulators keep improving the top-level design and financial institutions actively innovate their products. The financial sector is playing an increasingly important role in China's transition to a low-carbon economy," Wang said.

Beijing-headquartered China CITIC Bank Corp Ltd announced in May it had launched the country's first structured deposit product linked to a green bond issued by the China Development Bank. It is a carbon-neutral green bond certified by the Climate Bonds Initiative.

A structured deposit is a combination of a deposit and an investment product, where the return is dependent on the performance of some underlying financial instrument.

China CITIC Bank said its structured deposit will enrich transaction varieties of interest rate derivatives while promoting the development of green finance, thus demonstrating that a financial instrument can support economic transition.

Earlier this year, BOC Wealth Management Co Ltd, a wholly-owned subsidiary of Bank of China, offered wealth management products under the theme of carbon emissions peaking and carbon neutrality, with focus on investment opportunities in leading companies in industry segments like energy saving, emissions reduction, new energy, environmental protection and green consumption.

Banks are also ramping up efforts to issue green bonds, especially carbon-neutral bonds, a subcategory of green debt financing instruments.

In the first five months of this year, 150 green bonds worth 192.5 billion yuan ($29.8 billion) were issued in China's bond market, up by 56.25 percent and 82.72 percent year-on-year, respectively.

The big growth came on the back of carbon-neutral bond issuances that became popular ever since the National Association of Financial Market Institutional Investors launched a trial program for this type of bonds in February.

Among the green bonds, 75 carbon-neutral bonds worth 119.97 billion yuan were issued in the first five months, according to Shanghai Brilliance Credit Rating& Investors Service Co Ltd.

Industrial Bank Co Ltd, a listed commercial lender based in Fuzhou, Fujian province, issued a three-year, 2-billion-yuan bond in March. It is China's first carbon-neutral bond specializing in raising funds for equity investments in companies that provide carbon reduction benefits.

The money raised will be used to buy equity stakes in seven new energy companies, involving 22 projects with total installed capacity of 1,350.5 megawatts.

It is estimated that the projects will reduce annual emissions of carbon dioxide equivalent of 1.53 million metric tons.

Once China's national carbon trading market is developed further, commercial banks will likely explore a series of financial products and services related to carbon emission reduction indicators and carbon emission quotas, said Qian Lihua, chief green finance analyst at CIB Research.

The scope for financial innovation in this field will enlarge further, ranging from financing products using carbon emission rights as collateral to various types of derivatives, experts said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产a国产片国产 | 日本毛片在线 | 真实偷清晰对白在线视频 | 国产成人精品免费视频大全五级 | 国产精品毛片在线更新 | 日本国产一区二区三区 | 99久久亚洲综合精品网站 | 国产一区二区不卡 | 黄色在线网站 | 久久亚洲精品tv | 成人午夜在线播放 | 久久se精品一区精品二区 | 在线免费亚洲 | 九九精品激情在线视频 | 成人精品 | 日本三级日产三级国产三级 | 久久免费国产视频 | 欧美视频三级 | 精品国产三级a在线观看 | 91成年人免费视频 | 99久久亚洲综合精品网站 | 中国一级特黄真人毛片 | 亚洲国产毛片aaaaa无费看 | 国产小网站| 亚洲自拍图片区 | 久久久久久免费一区二区三区 | 成人禁在线观看午夜亚洲 | 亚洲欧洲日产国产 最新 | 国产高清自拍 | 亚洲精品国产一区二区三区四区 | 精品久久网 | 日韩一区二区三区在线免费观看 | 99在线视频免费观看 | 好湿好紧好痛a级是免费视频 | 亚洲 自拍 另类 欧美 综合 | 免费国产99久久久香蕉 | 日韩精品综合 | 国产欧美二区三区 | 欧美日韩第二页 | 91久久国产综合精品女同国语 | 国产真真人女人特级毛片 |