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CGT-Aligned Bonds

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List of CGT-Aligned Chinese Outstanding Green Bonds (April 2026 Version)

To further promote the opening of China’s green bond market, and enhance the role of the Common Ground Taxonomy (CGT) in facilitating cross-border flows of green capital, the expert group convened by the Green Finance Committee (GFC) of China Society for Finance and Banking has undertaken the relabelling work for green bonds newly issued in China’s interbank market in March 2026 against the CGT (2024).

18 green bonds have been newly identified as CGT-aligned, with a total scale of RMB 10.94 billion. Among these, 7 green bonds have already been aligned with the CGT during issuance. Each bond meets the specified technical requirements outlined in the Substantial Contribution Criteria of the CGT. The specific details are as follows:

Table 1: New Relabelled Green Bonds
Number ISIN Bond Issuing Amount
(RMB/100 Million)
1 CND1000B7SJ5 GUANGZHOU SEWAGE PURIFICATION GN 26(001) A 1.0
2 CND1000B7SK3 GUANGZHOU SEWAGE PURIFICATION GN 26(001) B 2.0
3 CND1000B7SL1 TIANCHENG LEASING GN 26(001)(CARBON NEUTRAL BOND) 5.0
4 CND1000B8044 STATE GRID XINYUAN GN 26(005)(RURAL REV) 2.0
5 CND1000B8051 TONGWEI GN 26(002)(TECH INNO BOND) 5.0
6 CND1000B81V1 TIANCHENG LEASING GN 26(002)(CARBON NEUTRAL BOND) 5.0
7 CND1000B8689 FUZHOU METRO GN 26(001)(CARBON NEUTRAL BOND) 6.0
8 CND1000B8937 STATE GRID XINYUAN GN 26(006)(RURAL REV) 2.0
9 CND1000B89P6 TCL INDUSTRIAL SCP 26(001)(GREEN TWO NEW) 10.0
10 CND1000B8BW2 NANCHANG RAIL TRANSIT MTN 26(003)(GREEN) 4.4
11 CND1000B8C95 HN HYDROPOWER GN 26(003)(RURAL REVITALIZATION) 10.0
12 CND1000B8DX6 HUAYOU COBALT MTN 26(004)(TECH INNO BOND) 8.0
13 CND1000B8SR6 GUOXUAN HI-TECH GN 26(001) 5.0
14 CND1000B8VS8 HN HYDROPOWER GN 26(004)(RURAL REVITALIZATION) 10.0
15 CND1000B8XH7 JIC LEASING MTN 26(001)(GREEN) 7.0
16 CND1000B92R6 KUNSHAN WATER GN 26(001)(SUSTAINABILITY-LINKED) 4.0
17 CND1000B93Q6 WANHUA CHEM GN 26(005)(TECH INNO BOND) 18.0
18 CND1000B96S5 TIANCHENG LEASING GN 26(010)(CARBON NEUTRAL BOND) 1.0

In March 2026, 5 CGT-aligned Chinese outstanding green bonds were due. The specific details are as follows:

Table 2: Matured Relabelled Green Bonds
Number ISIN Bond Issuing Amount
(RMB/100 Million)
1 CND100065GF6 JINNENG POWER GN 23(001) B 7.0
2 CND100067HH6 FUZHOU METRO GN 23(001)(CNB) 4.0
3 CND100067W53 RONGHE FINANCING GN 23(002)(SPECIAL RURAL REVITAL) 5.0
4 CND100068XW0 POSTAL SAVINGS BANK GREEN FINANCIAL BOND 23(01) 50.0
5 CND10009XSK3 HN HYDROPOWER GN 25(010)(RURAL REV) 10.0

As of March 31, 2026, expert group has evaluated a total of 550 CGT-aligned Chinese green bonds traded in the interbank market, 322 of which remain in duration.

The 322 outstanding bonds account for 26.1% of the total number of outstanding green bonds in the interbank market, with an issuance scale of RMB 355.073 billion, accounting for 17.2% of the total scale of outstanding green bonds in the interbank market. Among them, the proportion of issuance scale with issuer rating of AAA, AA+, AA, and unrated is 93.1%, 4.5%, 0.1% and 2.3% respectively. The top three allocations of use of proceeds are D1.3 Electricity generation from wind power (23.9%), H1.1 Construction and operation of public transportation system in urban and rural areas (21.5%), and D1.5 Electricity generation from hydropower (20.7%).

The Common Ground Taxonomy (CGT) aligned bond data published on this and other websites as part of China’s bond labeling work by the Expert Group convened by the Green Finance Committee of China Society for Finance and Banking is public information. The Expert Group welcomes all individuals and institutions to disseminate and use these data, and to develop indices, products and related services on the basis of these data.

Click here for the list of CGT aligned Chinese green bonds (April 2026 version)
List of CGT aligned Chinese green bonds (April 2026 version).xlsx
List of CGT aligned Chinese green bonds (April 2026 version).pdf

*Source: China Foreign Exchange Trade System (CFETS), Green Finance Committee (GFC) of China Society for Finance and Banking
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