SHANGHAI: China overtook the United States to lead a boom in global green- bond issuance in the first quarter, but analysts said it needs to do more to draw investors to help fund President Xi Jinping's estimated US$21 trillion carbon neutrality pledge.
For a graphic on global green bond issuance, click https://fingfx.thomsonreuters.com/gfx/mkt/qmyvmrlkgpr/globalper cent20issuanceper cent20inper cent20Q1.jpg With roughly 800 billion yuan of green bonds outstanding, China is already the world's second-biggest green bond market after the United States. However, green bonds account for less than 1per cent of China's US$18 trillion bond market.
Authorities are aware of the problems. Earlier this month, Chinese central bank governor Yi Gang called for incentives to boost private participation in meeting Beijing's carbon goals.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.