Three indexes tracking high-grade Chinese green bonds launched

By Angela McDaniels

Tacoma, Wash., March 20 – The International Institute of Green Finance has partnered with the Shenzhen Stock Exchange and the Luxembourg Stock Exchange to launch the CUFE CNI Green Bond index series.

The series will act as a market benchmark and investment tool for Chinese green bonds and consists of three indexes: the CUFE CNI High Grade Green Bond index, the CUFE CNI High Grade Unlabeled Green Bond index and the CUFE CNI High Grade Labeled Green Bond index.

The new index family was jointly developed by Shenzhen Securities Information Co., Ltd. and the International Institute of Green Finance, part of the Central University of Finance and Economics in Beijing.

As part of a cross-border cooperative program, the indexes will be displayed on both the Luxembourg Stock Exchange and Shenzhen Securities Information’s official websites synchronously.

“As the first cross-border synchronous display of Chinese green bond index series, the publication of the index series will help raise the international influence of China’s green finance, attract foreign investors to participate in the construction of China’s green financial system and promote the development of green industries in China,” Wang Yao, dean of the International Institute of Green Finance, said in a news release.

According to the news release, statistics show that the annualized return of the CUFE-CNI High Grade Green Bond index since 2012 is 5.37%, the average remaining maturity of the latest index samples is 4.78 years, and the coupon rate is 4.4%.

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