Top-down support is central to building a local green bond
market, according to speakers at an industry event in London
Panellists at Climate Bonds Initiative’s annual
conference said that while global growth has traditionally been
found in Europe and the US, the emergence of China and India in
2015 has shaken up the market.
"China is at a crucial stage in the growth of its green bond
market. Policy support has seen it grow from almost zero to $35
billion in just two years," said Wei Liu, deputy director of
bond markets at the Shanghai Stock Exchange.
China has proven a diverse range of products is one
way to grow the local market China’s
top-down approach has been central to its success in taking 41%
of global market share. In 2015 its president Xi Jinping
declared that green finance is a fundamental strategy for the