The Agricultural Bank of China has listed its green bonds on the London Stock Exchange.
The 1 billion U.S. dollars equivalent climate bond is the first green bond issued by a Chinese financial institution.
It is also the first green bond denominated in renminbi issued by an Asian issuer.
Vice President of Agricultural Bank of China Li Zhenjiang attended the list opening.
"The green bonds issued by the Agricultural Bank of China abide by the internationally-applied Green Bond Principles, and were accredited by a third party. The proceeds will be used for China's environmental-friendly projects, covering clean energy, organic agriculture and environmental protection."
After the listing event, ABC also signed a memo with the London Stock Exchange on green finance strategy to enhance future cooperation.
Li Zhenjiang said it's a joint effort of Chinese and British financial institutions on developing green finance and coping with climate change.
Green bonds are a means for directing financial resources to environmental protection industries and projects.
