FTSE Chinese Green Bond Index Series
FTSE Russell has launched the FTSE Chinese (Onshore CNY) Green Bond Index Series, a new index series tracking green Chinese bonds.
The index series includes securities that finance climate or environmental projects in mainland China. It will measure the performance of onshore Chinese yuan-determined fixed-rate government, agency and corporate debt that is labelled ‘green’ by the issuer.
“FTSE Russell is delighted to extend its coverage of the China bond market with the introduction of a new Chinese Green Bond index series. In 2017, China green bonds issuance represented 23% of global green bond issues and the market is expected to continue to grow significantly over the coming years," FTSE Russell CEO Benchmarkes, Waqas Samad, said.
The series will use evaluated prices from Refinitiv, an independent price provider, and will be rebalanced once a month on the last business day of the month.