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List of CGT-Aligned Chinese Outstanding Green Bonds (Oct 2025)

2025-11-04   

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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 September 2025 against the CGT.

 

14 green bonds supporting projects on climate mitigation have been newly identified as CGT-aligned, with a total scale of RMB 6.09 billion. Among these, 11 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

CND10009PPS8

CHINA NUCLEAR LEASING GN 25(003)(CNB)

6.00

2

CND10009PPK5

WUHAN SEWAGE GN 25(002)

3.00

3

CND10009PR59

FUZHOU METRO GN 25(003)(CARBON NEUTRAL BOND)

5.00

4

CND10009PZW9

STATE GRID XINYUAN GN 25(003)

0.80

5

CND10009PZV1

STATE GRID XINYUAN GN 25(002)

1.50

6

CND10009QKZ2

YANGTZE INV MTN 25(001)(CARBON NEUTRAL BOND)

6.00

7

CND10009QKB3

YUNNAN POWER GN MTN 25(003)(GREEN)

5.00

8

CND10009R238

NANCHANG RAIL TRANSIT MTN 25(001)(GREEN)

4.60

9

CND10009R1X8

TONGWEI GN 25(002)(TECH INNO BOND)

5.00

10

CND10009R667

STATE GRID XINYUAN GN 25(004)

1.00

11

CND10009R5H2

STATE GRID XINYUAN GN 25(005)

1.00

12

CND10009R477

STATE GRID XINYUAN GN 25(006)

1.00

13

CND10009RG43

STATE GRID XINYUAN GN 25(007)(RURAL REVI)

1.00

14

CND10009RFL0

CHINA POWER GN 25(004)(BLUE BOND)

20.00

 

In September 2025, 12 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

CND10003Q7J1

SHENYANG METRO GN 20(002)

10.00

2

CND10005N292

22 FUZHOU METRO GN002

5.00

3

CND10005N3X2

CN NUCLEAR LEASING GN 22(001)(CNB)

12.00

4

CND10005P7B7

CGN WIND ENERGY GN 22(001)

10.00

5

CND10005P3X0

SENE NEW ENERGY GN 22(002)

10.00

6

CND10005PW64

CGN WIND ENERGY GN 22(002)

10.00

7

CND10005QL09

YANGZHOU TRANS GN 22(001)(CNB)

5.00

8

CND100070NZ0

QINGDAO METRO MTN 23(002)(CARBON NEUTRAL BOND)

13.00

9

CND100070W09

CCCC FIRST HIGHWAY MTN 23(001)(GREEN)

2.00

10

CND100072B02

XINJIANG POWER GENERATION MTN 23(001)(GREEN)

5.00

11

CND1000722W4

HECIC NEW-ENERGY MTN 23(002)(CARBON NEUTRAL BOND)

1.40

12

CND10008RCS4

TONGWEI GN 24(009)(TIN)

5.00

 

As of September 30, 2025, expert group has evaluated a total of 477 CGT-aligned Chinese green bonds traded in the interbank market, 281 of which remain in duration.

 

The 281 outstanding bonds account for 25.1% of the total number of outstanding green bonds in the interbank market, with an issuance scale of RMB 349.814 billion, accounting for 17.7% 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 93.5%, 4.3%, 0.1% and 2.1% respectively. The top three allocations of use of proceeds are D1.3 Electricity generation from wind power (25.6%), H1.1 Construction and operation of public transportation system in urban and rural areas (24.9%), and D1.1 Electricity generation using solar photovoltaic technology (18.5%).

 

The Common Ground Taxonomy (CGT) aligned bond data published on this and other websites as part of Chinas 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 (October 2025 version)

 

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