Crédit Agricole CIB supports People’s Republic of China Government again to price its RMB 6 billion second sovereign green bond offering

Crédit Agricole CIB is the only foreign bank to act as Green Structuring Advisor, Lead Manager and Bookrunner to support China’s Ministry of Finance, on behalf of the People’s Republic of China, to price its RMB 6 billion sovereign green bond offering in Hong Kong SAR.

 

This is the second green bond issued by the People’s Republic of China Government after it developed the green bond framework in February 2025 that set the solid ground for the Government to issue more offshore sovereign green bonds. Crédit Agricole CIB was one of the parties to facilitate the preparation of that green bond framework, and also supported the Government’s inaugural green bond offering in April 2025, signalling robust business opportunities with them built on our strong client relationship. 

This milestone sovereign deal by the Government also underscores the Bank’s unparalleled global green and sustainable finance expertise and deep sector knowledge to provide tailor-made solutions for local clients.

This significant bond offering from the Government attracted strong interests from a wide variety of investors worldwide including sovereign and supranationals, banks, asset managers, and insurance companies, etc. The total subscription amount reached RMB 62.4 billion, representing a 10.4-times oversubscription rate.

The proceeds will support the domestic sustainable development projects identified in the Government’s central fiscal budget to bolster green and low-carbon development in China.

As China vows to achieve carbon neutrality by 2060, this second issuance of green bond will also be the booster to prompt other issuers in China to tap into the sustainable finance sector in order to accelerate green transition and achieve the nation-wide net-zero target. Leveraging the strong capability in sustainable finance, Crédit Agricole CIB will continue acting as a market leader to drive the sustainable development in China.