China green bonds set to take off

Green bonds, a financing tool to help the development of sustainable sectors are likely to see fast expansion in China after regulators launched guidance on issuance, said analysts.

The guidance introduced by the China Securities Regulatory Commission in early March said that more measures will be taken to help the bond market support enterprises that develop environmentally-friendly or sustainability projects, by issuing corporate bonds and asset-backed securities.

In the government work report delivered by Premier Li Keqiang in the fifth session of the 12th National People's Congress, supporting the development of a green economy is listed as one of the economic and social development targets for the country.