Carbon emissionslinked note to trade in Shenzhen

China will launch its first carbonlinked financial product on Thursday - a debt note linked to the performance of carbon offsets on the Shenzhen Emissions Exchange, issued by a unit of China General Nuclear Power Group.

The launch will be a first test of financial market confidence in China's emerging emissions markets, as trading houses generally consider outright trade in carbon permits unattractive, since it is limited to spot deals.

CGN will invite investments of up to 1 billion yuan ($160 million) in the five-year notes, the company said.