The Development of Green Bond Market in China

Abstract

Chinese economic growth is very rapid. But the cost behind this growth is also becoming more and more apparent such as air pollution, In response to environmental challenges, green financial become one of the main ways to solve them. The main aim of this thesis is to evaluate the current bond market in China, the policy and development of the Chinese green bond market, compare domestic and foreign definitions and standards of green bond, and to assess the main role of green bonds in China. Although the green bond market has just started in China, it faces many difficulties. At present, there is still the challenge of the inconsistency of green project standards, the need to further standardize the certification system, and the transparency of information disclosure. The Chinese government, regulatory agencies, financial institutions and all sectors of the community are also working hard to make sure the healthy development of Chinese green bond market and occupy a place in the international green bond market.