INTERNATIONAL INSTITUTE OF GREEN FINANCE, CUFE
Chinese Version

Green Bond Focus 10.16-10.22

Time:2017-10-27 From: Author:

Table 1: Labeling Green Debts

债券简称

发行起始日

发行期限(年)

债券评级

票面利率(%)

Wind债券类型

GB

绿债金额(亿)

G17三峡3

2017-10-17

3.00

AAA

4.68

公司债

5

20.00

G17能源1

2017-10-20

5.00

AA+

5.70

公司债

m

4.80

总计







24.80

Table 2: Unlabeled green debt

债券简称

发行起始日

发行期限(年)

债券评级

票面利率(%)

Wind债券类型

GB

绿债金额(亿)

17桑德MTN002

2017-10-16

3.00

AA+

5.07

中期票据

2

10.00

17广州地铁SCP001

2017-10-19

0.16

- 

4.14

短期融资券

4

20.00

17西南能矿MTN001

2017-10-19

3.00

AA

7.00

中期票据

1

1.00

17铁道SCP002

2017-10-20

0.49

- 

4.30

短期融资券

4

200.00

总计







231.00

 

From the wind database

This week, there are two newly issued green bonds in the green bond market. G17 3. The coupon rate is 4.68%. The issuing period is 3 years. The funds are used for the construction of Wudongde Hydropower Station. The green bond amount is 2 billion yuan. G17 Energy 1. Coupon rate is 5.70%. The issuing period is 5 years. Green projects for the construction of green projects to repay their own loans and replenish liquidity of green projects, the amount of green bonds 480 million yuan. The amount of green bonds posted a total of 2.48 billion yuan.

This week the non-labeled green debt market has four new green bonds. 17 Sand MTN002, coupon rate of 5.07%, the issuance period of 3 years, the amount of green debt of 1 billion yuan; 17 Guangzhou Metro SCP001, coupon rate of 4.14%, the issuance period was 0.16 years, the green debt amounted to 2 billion yuan; 17 Southwest Energy Mine MTN001 with a coupon rate of 7.00% and a 3-year issuance period with funds for its subsidiary Guizhou Manganese Manganese Industry Group Co., Ltd. "Tongren Dalong Coal-fired Manganese Integrated Recycling Economy Industrial Park Cogeneration Power Workshop "project supporting the construction of funds, the amount of 100 million green bonds; 17 Railway SCP002, coupon rate of 4.30%, the issuance period of 0.49 years, the funds for the issuer's railway construction, rolling stock purchase and operation of the capital turnover , The amount of green bonds is 20 billion yuan. The total amount of non-labeled green bonds totaled 23.1 billion yuan.

 

Domestic news

1. The country's first green finance court was established in Guiyang's Guanshanhu District

October 16, the country's first green finance court - Guiyang City, Mountain Lake District People's Court green finance court set up in the city of Guizhou.

"Nowadays, green financial products are continuously enriched. New green credit, green fund, green stock index, green bond index, green guarantee, green insurance and carbon financial innovation products are emerging constantly. New opportunities also bring new challenges and gradually involve green financial disputes Increase, in order to safeguard the order of the green economy and promote the good development of green finance, the Green Finance Tribunal of Guan Shanhu District was established. "The relevant person in charge of the People's Court of Guanshanhu District said the move is a useful exploration of the interdisciplinary research and legislation in law and finance Is an effective solution to the rapid growth of financial cases. It is also another innovative measure taken by the People's Court of Guanshanhu District to deepen judicial reform.

Source: Guizhou Daily

 

2. The first single green corporate bond in Shanxi Province was successfully issued

On October 20, the first green corporate bond in Shanxi Province, "G17 Energy 1," was successfully issued on the Shanghai Stock Exchange. It was the first green corporate bond issued by energy-related enterprises in central and western regions and the first single green bond in Shanxi Province. Shanxi GIC Energy Group Co., Ltd. public offering.

The size of this bond was 2 billion yuan, the initial issue size of 480 million yuan, the bond period of 3 +2 years, as the lead underwriter Huafu, the issue rate of 5.70%, better than ordinary bonds issued over the same period.

Shanxi International Energy is a large-sized enterprise group in Shanxi Province. Its business areas are mainly investment and energy projects, including investment in infrastructure projects such as electricity, coal, new energy, urban sewage treatment and waste power generation. In recent years, we have always been committed to developing green power and dedicating clean energy as our own responsibility.

The successful issuance of the first single green corporate bond is of great significance to broaden the financing channels for enterprises, reduce financing costs and facilitate the green projects. It plays a good exemplary role in driving state-owned enterprises to use green bonds to boost green development and transformation and upgrading.

Source: State-owned Assets Supervision and Administration Commission of Shanxi Provincial People's Government

 

Foreign news

1. Fiji issues the first green sovereign bond in developing countries and plans to raise 50 million U.S. dollars

On October 17, Fiji became the first country in emerging markets to issue green sovereign bonds, raising 50 million U.S. dollars to ease climate change.

Green bond is a fixed income, liquid financial instruments, and the purpose of the issue is to combat climate change, so at the request of the Reserve Bank of Fiji, the World Bank and national financial companies to assist the country issued the first sovereign green bonds, Used to help Fijian government deal with climate change.

Source: worldbank

 

Policy introduction

1. National Development and Reform Commission, Ministry of Housing released the guidance on accelerating the establishment and improvement of non-residential water non-residents over-rated system of incremental fees Guidance

China's water shortage, low per capita possession. With the acceleration of urbanization, the situation of water shortage in cities and towns is becoming increasingly severe. At present, the proportion of non-residential water accounts for about 50% of the total urban water supply in the country, raising awareness of water conservation among non-residential users and guiding non-residential users, especially those in high-water consuming industries and large water users, is to ease the contradiction between supply and demand of water resources and ensure Important measures for national water security. Establishing and perfecting the system of non-residential water exceeding the quota and progressive increase will be conducive to giving full play to the regulatory role of price mechanism in water resources allocation, promoting the sustainable use of water resources and reducing water and water consumption in urban areas, promoting supply-side structural reforms and promoting green development It is of great significance.

In recent years, some localities have promulgated the policy of over-quota and non-residential water fare increase in combination with the actual situation in the country, and some achievements have been made. However, the system has not yet been established in most areas and the system design has to be improved in some areas. In order to further promote water conservation, exert the regulatory role of price leverage and the guiding role of water quota, it is necessary to fully implement the non-residential water system of over-quota progressive increase.

Opinion requirements, we must establish and improve non-residential water over-rated system of progressive fee increases, strict water quota management as the basis, reform and improve the pricing method as the starting point, through sound system, improve standards, implementation of responsibilities and safeguards measures to increase water users Water-saving awareness, and promote the intensive use of water conservation and industrial restructuring. By the end of 2020, all localities should fully implement the non-resident water over-quota progressive increase system.

Source: National Development and Reform Commission website

 

Academic conference

1. The wind power subsidy will be withdrawn step by step until 2022

On the afternoon of October 16, at the opening ceremony of the Beijing International Wind Power Conference (CWP2017) in 2017, Liang Zhipeng, deputy director of the New Energy and Renewable Energy Department of the National Energy Administration, said that after several decades of development, the wind power industry needs to take the lead in new energy sources Subsidy dependent. The basic idea is the gradual withdrawal of sub-types, sub-regions and sub-regions. From 2020 to 2022, basically, wind power is not dependent on subsidy development.

Over the past five years, the wind power industry in the world, especially in China, has witnessed rapid development. However, the wind power industry still faces many challenges. The power rationing of the wind power is a serious problem and the price of wind power is still high.

In the NEA's plan, there are three types of applications for exit subsidies. The first is that a large-scale onshore wind power has already been formed and needs to be innovated through technological progress and market-oriented mechanisms. It will take the lead in enabling wind power in some well-resourced areas to achieve subsidy-free development as soon as possible.

Followed by offshore wind power. Although China still faces some problems such as imperfect standards, imperfect industrial system and inadequate government management services, relevant departments are trying hard to overcome them. Offshore wind power will be an important area for the development of wind power in China over the next five years.

The last is decentralized wind power. Unlike Europe, China has taken a road that takes centralized wind power as the lead in its development. At present, China faces major problems such as restricted land conditions, access to power grids, and lack of policies and services.

Liang Zhipeng said that in the future, government departments will better implement policies that support the development of wind power, improve the access and operation of power grid enterprises, mobilize the enthusiasm of local governments to better support the development of renewable energy such as wind power, and more In the context of the power system reform, we will promote better renewable energy development. While promoting the technological innovation of wind power, we will reduce non-technical costs and rapidly reduce the cost of wind power in China.

Source: Economic Information Daily

 

2. 2017 International Symposium on Renewable Energy Development Held in Beijing

On October 17, "2017 International Renewable Energy Development Seminar & Global Renewable Energy Development Report" and "2016 China Renewable Energy Development Report" conference was held in Beijing. The Hydropower & Water Resources Planning and Design Institute and the International Energy Agency At the meeting jointly released the 2016 annual global and China Renewable Energy Development Report, the National Energy Bureau deputy director 綦 Chengyuan attended the conference and delivered a speech. Li Chuangjun, deputy director of the New Energy Department of the National Energy Administration, representatives of foreign embassies in China, the United Kingdom, Denmark and Germany and representatives of international agencies attended the meeting. The Chinese companies with renewable energy investment, equipment manufacturing enterprises, design institutes and authoritative think tanks, etc. More than 300 experts, scholars and representatives attended the conference. International Energy Agency (IEA) Renewable Energy Project Manager, Senior Expert HeymiBahar, Hydropower and Water Resources Planning and Design Institute (hereinafter referred to as "Hydropower Institute") Zheng Shengan made a speech at the General Assembly report.

The Global Renewable Energy Development Report and the 2016 China Renewable Energy Development Report have comprehensively sorted out hot topics in the industry through a wealth of examples and data, judged the development trends of renewable energy in the world and China, and learned about the development of the industry at home and abroad Provided an important window.

The meeting also invited China's major renewable energy investment enterprises, equipment manufacturers, electric vehicle infrastructure investment enterprises, scientific research institutions of experts and scholars and internationally renowned experts to dialogue on the global and China renewable energy trends, electric vehicles on the renewable The impact of the energy industry, the cost reduction path of PV industry hot topics such as dialogue and discussion of experts.

Source: Xinhua

 

Liang Siyi Hu Zhi Yan