Study of China's Local Government Policy Instruments for Green Bonds

This report is jointly released by SynTao Green Finance and Climate Bonds Initiative at China's Green Finance Committee Annual Conference in April 2017. It provides an overview of local government policy instruments for developing green bond market in China with further recommendations. 

Government regulators and stock exchanges have played a pivotal role in the development of green bonds in China. At the local level, incentives such as policy signals, supporting facilities, financial incentives and recognitions have been offered to encourage the development of green finance.

This report identifies the policy instruments at the disposal of local governments based on central government policy framework, and presents a few successful and replicable case studies and international experiences as reference for China’s future development in promoting green bonds.