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FTSE Russell launches new Chinese green bonds index

FTSE Russell, a global index, analytics and data provider, has launched a new index series tracking Chinese green bonds. The FTSE Chinese (Onshore CNY) Green Bond Index Series will benchmark securities whose proceeds are specifically used to finance climate or environmental projects in mainland China.

The index will measure the performance of onshore Chinese yuan-determined fixed-rate government, agency and corporate debt issued that are labelled ‘green’ by the issuer. There are currently 126 bonds included in the main index, covering approximately 75 per cent of all on-shore labelled green bonds issued by China’s government, agencies and corporations. 
Waqas Samad, CEO Benchmarks, FTSE Russell, says: “FTSE Russell is delighted to extend its coverage of the China bond market with the introduction of a new Chinese Green Bond index series. In 2017, China green bonds issuance represented 23 per cent of global green bond issues and the market is expected to continue to grow significantly over the coming years. The combination of FTSE Russell’s strong capabilities in fixed income, sustainable investment and regional presence in China allow us to develop innovative tools to help meet the growing demand from our global customer base.”

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