Green bonds to develop jade hue

China set to carve out a dominant role in the global green bond market.

Green bonds to develop jade hue

Where developments in global bond markets are concerned, China has traditionally been a laggard rather than a leader. The country’s domestic bond market may now be the world’s third largest in terms of outstanding issuance, but at 1% of GDP, it still accounts for a very small proportion of its overall economy.

Its investor base is also not very diversified, with insurance companies, pension funds, and foreign portfolio investors all subservient to the banks,...

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