China's bond market expected to grow ten-fold by 2020 to fund pollution reduction goals
China's green bond market is expected to grow up to ten-fold in the next five years, as the People's Bank of China is expected to announce regulations on green bond issuance in two weeks' time. According to estimates by the People’s Bank of China, the country requires investment between 5-9bn yuan p.a. to meet its pollution reduction goals, of which 15% could be funded by the government and the rest through both domestic and international savings.

Haze surrounds the Forbidden City on a polluted day in Beijing during last months’ National Day holiday as the country gets ready to finalise the rules for green bonds in the next few weeks. Photo: AP