China is set to debut its first-ever RMB-denominated sovereign green bond in 2025, listing it in London as part of a broader initiative to deepen green finance ties with the UK. This issuance marks the beginning of a programme of Chinese green sovereign bonds in the UK.
In a parallel move, the Bank of China’s London Branch has confirmed plans to issue dual-currency sustainability-related bonds next year. These bonds, denominated in both RMB and GBP, will also be listed in London, further cementing the financial hub’s position as a leader in sustainable finance.
The announcement came during a wide-ranging economic and financial dialogue between the two nations. Both sides reiterated their roles as primary partners in green finance, with a shared focus on capital raising, innovative financial products, and driving international thought leadership in sustainability.
The UK government highlighted the importance of sustainable government financing in tackling climate change and environmental challenges. Both nations agreed to continue sharing expertise and collaborating on sovereign green financing frameworks to support these goals. Progress by the UK-China Green Finance Taskforce, led by the City of London Corporation and China’s Green Finance Committee, was also commended. To further its impact, the two countries announced the establishment of an enhanced industry Leadership Council. This body will guide future initiatives, focusing on sustainability disclosures, transition finance, and biodiversity finance.
