China’s Green Bonds Development and Financial Reforms

Abstract

As a new phenomenon in the field of green finance, green bonds are of great significance for promoting green development and strengthening international cooperation. In 2008, the World Bank and the Nordic bank of Sweden jointly issued the first bond explicitly named green bond. In 2016, China began to issue large numbers of green bonds and became the world's largest issuer of green bonds in the same year. This paper firstly sorts out the green bond standards and relevant theoretical researches from the theoretical level, and then systematically sorts out the policy framework and development vein of China's green bonds in recent years from the practical level, explores the existing problems in the development process, and puts forward targeted development suggestions. Keywords—green bonds; green finance; financial reforms; financial innovation