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CSRC To Promote Lower Costs For Tech And Green Bonds

MNI (Singapore)

The China Securities Regulatory Commission will promote the diversification of bond investment funding sources, guide exchanges to build repurchase and market-making mechanisms, and lower costs of tech-innovation and green bonds, reported, citing an unnamed official from CSRC Bond Department. The issuance of tech-innovation and green bonds reached CNY306.7 and CNY152.6 billion on the Shanghai Stock Exchange last year, a rise of 204% and 6% y/y. So far, a total of CNY21.5 billion of double-labeled bonds ticking green and technology were issued, of which central government-owned enterprises accounted for 96%.

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