1、CHINA SUSTAINABLE DEBTSTATE OF THE MARKET REPORT2023Published jointly by the Climate Bonds Initiative,and CIB Economic Research and Consulting(CIB Research)Funding for this publication was provided by the Standard Chartered Bank as a Gold Partner.China Sustainable Debt State of the Market 2023 Clima
2、te Bonds Initiative 2This is the eighth iteration of the Climate Bonds China Sustainable Debt State of the Market Report,describing the shape and the size of the green,social,and sustainable(GSS)markets,plus sustainability-linked bonds(SLBs),collectively known as the GSS+market.While earlier version
3、s of this report covered just the green bond market,the expansion to cover the broader GSS+market reflects a trend of utilising Chinese capital markets to finance environmental and social measures and projects.This report is co-produced by the Climate Bonds Initiative(Climate Bonds)CIB Economic Rese
4、arch and Consulting Co.,Ltd.(CIB Research),with support from the Standard Chartered Bank.In 2023,Chinas sustainable bond market made significant progress in policy guidance,standard setting,and regulatory measures,with market rules further integrated and supervision clearer.In terms of green bond is
5、suance,as of the end of 2023,China has issued a total of USD616.2bn(approximately CNY4.46tn)of labelled green bonds in domestic and overseas markets,of which nearly USD372bn(approximately CNY2.7tn)meets the Climate Bonds green definition.In 2023,China issued USD131.3bn(approximately CNY0.94tn)of lab
6、elled green bonds in domestic and overseas markets,of which the issuance volume that meets the Climate Bonds green definition is USD83.5bn(approximately CNY0.6tn).While the issuance volume has slightly narrowed,China has maintained its position as the worlds largest green bond issuance market for th