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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
