News

China Construction Bank lists green bond in Luxembourg

China Construction BankChina’s second largest bank has listed its first overseas green bond, worth €500 million ($576 million), on the Luxembourg Stock Exchange. The China Construction Bank (CCB) bond will finance projects linked to clean transportation, renewable energy and pollution prevention and control. “We are committed to promoting the growth of green finance, supporting the low-carbon economy and developing a harmonised society,” said Di Huiqing, deputy manager of CCB’s asset and liability management department. “Tapping the international green capital market gives us a new channel to fund projects with environmental benefits.” The issuance was ratified by the Climate Bonds Initiative (CBI) and received the Climate Bonds Certification Mark. The green bond is listed on the exchange’s Euro MTF market and displayed on the Luxembourg Green Exchange (LGX). In a roundtable released earlier this month, the head of sustainable finance at the Luxembourg Stock Exchange, Jane Wilkinson, told Funds Europe that China is now the leading green bond issuer. China has “a very detailed taxonomy of what can be invested in, what the underlying assets are allowed to be for a Chinese green bond, and they also have guidelines for external reviewers to follow a certain process,” she said. ©2018 funds globa asia

Executive Interviews

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Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

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Roundtables

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Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.

SINGAPORE ROUNDTABLE: Small nation, big ambitions

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Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.