In a historic move, China has announced plans to issue up to 6 billion yuan ($829 million) in green bonds, marking its first-ever overseas sovereign green bond issuance. London has been chosen as the listing venue, signaling China’s commitment to global investment in its green and low-carbon initiatives.
This landmark step follows discussions held during the China-UK economic and financial dialogue in January, led by Chinese Vice Premier He Lifeng and UK Finance Minister Rachel Reeves. The bonds will support China’s ambitious climate goals, including reaching carbon neutrality by 2060, with a focus on attracting international funds for domestic green projects.
China’s Finance Ministry outlined the framework for these bonds in February, aiming to drive progress in environmental sustainability through green financial instruments. Vice Premier Ding Xuexiang also emphasized the potential for deeper UK-China cooperation in low-carbon development during a recent meeting with British Energy Minister Ed Miliband.
This move strengthens the economic ties between the UK and China, particularly in the realm of sustainable finance, as both nations work toward their climate targets.
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