China Firms Embrace Alternative Green Debt With Looser Rules
Green asset-backed securities issuance has soared in past year
Better frameworks, data reporting key for future growth: Fitch
An alternative kind of environmental debt continues to gain momentum in China, one with looser standards than traditional green bonds.
Sales of green asset-backed securities, which package together assets that generate income, totaled 56.1 billion yuan ($8.4 billion) in the first four months of 2022, according to data compiled by Bloomberg. It’s the second-straight year that issuance more than doubled in those months.