SSE Green Bond (including ABS) Cumulative Issuance Approaches 900 Billion Yuan

On November 27, China Securities Journal · CSJ Taurus reporter learned that the Shanghai Stock Exchange (SSE) recently held a seminar on innovative development of green bonds and ESG bonds.

As shown in the data, by the end of October 2025, total issuance of green bonds (including ABS) on the SSE has approached 900 billion yuan. Since the launch of low-carbon transformation bonds in 2022, their cumulative issuance has exceeded 80 billion yuan. In addition to corporate bonds and traditional asset-backed securities, the SSE has also been building the public REITs market and institutional REITs market in the green sector in recent years. Clean energy, as one of the key pilot industries for public REITs, currently has a total issuance scale of 16.2 billion yuan for projects listed on the SSE, covering fields such as photovoltaics, wind power, and hydropower.

Representatives at the meeting generally agreed that enhancing the flexibility of fund usage and management, as well as optimizing incentive policies, are important measures to expand the depth and breadth of the green bond market. Representatives from securities companies such as Guotai Haitong and Soochow Securities suggested taking green bonds into consideration in improving the review mechanism for well-known and mature issuers. They also recommended giving underwriters actively participating in the green bond business more credit in performance evaluation, and focusing on more reputation incentives.

Investment institutions called for further diversification of green bond supply to broaden investment options. E Fund Management proposed that green bonds issued by real-economy-based enterprises are valuable in terms of yield and liquidity. They expressed the hope that more enterprises would issue green bonds on the exchange in the future and also expressed optimism about the future prospects of green bond ETFs.

An SSE official stated that in the next step, the SSE will advance the development of the green and ESG bond market, facilitate better connections between investment and financing, stimulate market vitality, provide stronger financing support for the green transformation of real enterprises, and better serve national strategies and the high-quality development of the economy.