Local governments in China appear to have moved to the forefront of efforts to promote more sustainable economic and societal outcomes through the issuance of green bonds.
That's among the takeaways from a panel discussion at FinanceAsia’s China Fixed Income Summit in Hong Kong on Thursday.
“We see creativity emerging from Chinese provincial and local governments on motivating companies to issue green bonds,” Mushtaq Kapasi, managing director at International Capital Market Association, said. “And this creativity needs to be encouraged.”
His comments follow the publication in June of new rules designed to allow greater special bond issuance to support...