With the deepening of the concept of low-carbon economy and sustainable development, the issuance of green bonds in China continues to heat up. According to the latest data from wind, as of press time, China has issued 755 green bonds totaling 802.76 billion yuan in 2021, an increase of 59.3% in the number of issued bonds and 46.3% in the financing scale compared with 474 548.81 billion yuan in the same period of the previous year. According to the official website of the central bank, recently, Huaneng International Power Jiangsu energy development Co., Ltd. successfully issued the first phase of green medium-term notes (blue bonds / carbon neutral bonds) in 2021, with an amount of 300 million yuan and a term of 3 years, which was jointly underwritten by Bank of China Jiangsu branch and China Development Bank Jiangsu branch. This is the first "blue + carbon neutral" green bond in China and the first blue bond in Jiangsu. Previously, Sinopec issued 2.55 billion yuan of green medium-term notes in the inter-bank market for the first time, with a term of 3 years and a coupon rate of 2.5%. The funds raised are mainly used to support the development of Tianjin LNG project. In addition to enterprises, banks' enthusiasm for participating in the issuance of green financial bonds has also increased recently. From December 7 to 10, 2021, in just four days, five banks issued green financial bonds totaling 38 billion yuan, accounting for 48.31% of the total scale of green financial bonds issued in the whole year, including 30 billion yuan of green financial bonds issued by state-owned development bank, 1 billion yuan of green financial bonds issued by Bank of Nanjing, 2 billion yuan of green financial bonds issued by Beibu Gulf Bank Bank of Guizhou issued 5 billion yuan of green financial bonds. The above is only the "epitome" of the rapid issuance of green bonds in China. In recent years, China's green bonds have been "favored" by the market. In 2015, China officially launched the green bond market. In 2017 and 2018, it was the second largest country in terms of issuance, accounting for about 20%, second only to the United States. In 2020, a total of 153 issuers in China issued 218 green bonds, with an issuance amount of 222.116 billion yuan, accounting for about 15% of the global market. In this regard, Wang Xin, director of the Research Bureau of the people's Bank of China, said a few days ago that the characteristics of China's recent development of green bonds are mainly reflected in five aspects: first, the issuers are constantly enriched; Second, the types of green debt are constantly enriched; Third, the goals of carbon peak and carbon neutralization have injected strong new impetus into the innovation and development of green bonds, and the policy support for green bonds has been further strengthened; Fourth, the debt rating of green bonds continues to maintain a high level, which plays a positive role in giving play to the cost advantage of green bonds; Fifth, the funds raised continue to focus on green industries and sustainable development projects such as green services, energy conservation and environmental protection, infrastructure and green upgrading. "In terms of industry distribution, the proportion of green bonds in industries such as industry and public utilities has increased significantly, reversing the previous situation that the proportion of the financial industry is higher than that of the real economy. In terms of rating, the vast majority of green bonds are still AAA rated, and the average qualification exceeds the overall situation of credit bonds." Chen Zhenhong, managing director of CICC's fixed income department and head of global credit business, concluded. It is worth noting that recently, the bond market has been "introducing new" products to strongly support the development of green industries - on the basis of carbon neutral bonds previously launched by the inter-bank market, social responsibility bonds and sustainable development bonds have been recently launched to carry out business pilot for overseas issuers. Taking carbon neutral bonds, one of the sub varieties of green bonds, as an example, since the first batch of six carbon neutral bonds were issued in the inter-bank bond market in February 2021, the bond survival scale has reached 100 billion yuan in only half a year. In the view of industry experts, the issuance of green bonds represented by carbon neutral bonds not only helps to broaden the financing channels of low-carbon project issuers and provide effective financial support and resource preference for project construction, but also plays a positive exemplary role in leading the concept of social green development and guiding enterprises' low-carbon transformation. "At present, under the general framework of China's ecological civilization construction, the development of the green bond market, on the one hand, should strengthen international cooperation, on the other hand, should be in line with the domestic development stage and the focus in the field of project support." Some brokerage analysts said. (outlook new era)