HONG KONG: China’s first green bond has raised US$300mil after pricing last week, as the world’s largest emitter of greenhouse gases seeks new funding sources to help raise about US$1.6 trillion over five years to help fix its environmental problems.
China is scrambling to lift environmental standards in a country where only eight out of 74 cities met air quality minimum standards and only 25% of drinking water achieved national quality standards, according to latest government data.
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