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On March 20, Shenzhen Securities Information Co., Ltd. (SSIC), a subsidiary of Shenzhen Stock Exchange (SZSE), and the International Institute of Green Finance (IIGF) of Central University of Finance and Economics (CUFE) introduced “CUFE-CNI Green Bond Index”, providing a new market caliber and investment instrument for the green bonds in China. It is the first China green bond index that is simultaneously released only in China and Europe.
CUFE-CNI Green Bond series index consists nine indexes including high-level green bonds, high-level labeled green bonds and high-level non-labeled green bonds. They simultaneously reveal market information through SZSE and Luxembourg Stock Exchange (LuxSE) who have signed a memorandum of understanding in 2013 to boost the exchange and cooperation on capital market in the two counries. The newly launched index is another achivement the two bouses made in deepening their multi-field cross-border partnership and a positive exploration in their efforts to propel the internationalization of China’s green finance. The two parterners will jointly facilitate the listing of green index fund products in Chinese and European markets.
The co-developers of the index, SSIC and IIGF of CUFE, have combined their advantages in the fields of index innovation and green bond research to create a high-level green bond caliber that features strong representativeness and high transparency. According to statistics, high-level green bond indexes have an annual yield of 5.37% since 2012, and the remianing maturity of the latest sample averages 4.78 years with a coupon rate of 4.4%.
As the first China green bond index being succefully simultaneously displayed across border, the indes will help enhance the international influence of China’s green finance, drawing international investors to get involved in China’s green fiannce system construction and drive the development of green industries.
For more information on the index, please visit www.cnindex.com.cn and the official website of LuxSE (www.bourse.lu).
