A Case Study On The Issuance Of Green Bonds By Bank Of Communications

Nowadays,China's economic construction has made remarkable achievements,which has become the second largest economy in the world after the United States.However,ecological problems such as resource waste and environmental pollution have emerged.These problems have become an important obstacle to China's economic development.In this context,the state vigorously develops green finance and raises the development of green finance to the national strategic position.Green bonds are an important part of the green financial system.Developing green bonds well is conducive to promoting the development of the green financial system.Green financial bonds are in the first place in China's green bond market,both in terms of issuing scale and number.This paper studies the development of green financial bonds in China from the perspective of green financial bonds.Based on the theory of Priority Financing and the theory of sustainable development,this paper studies the first green financial bond with the highest rating in the territory of the five state-owned commercial banks-the 16 bocom green financial bond.After understanding the current situation of the development of green finance in China,this paper mainly introduces the 16 green financial bonds issued by the Bank of communications,mainly including: overview of the basic situation,the investment direction of the raised funds and the risks faced by the bonds.Then,the case is analyzed in detail,including: the motivation of issuing the green financial bonds,cashing capacity and the effect analysis after the issuance.The results of the analysis: in terms of motivation,with the change of policy environment,the development needs of Bank of communications and the internal resource advantages,the demand for issuing bonds of Bank of communications is strong.In terms of cashing capacity,BOCOM's strong overall strength,good operating capacity,efficient and perfect liquidity management system and perfect safeguard measures all provide strong support for cashing the bond principal and interest on schedule.In terms of effect,the issuance of the green financial bonds has obtained huge environmental benefits,reduced the financing cost of the Bank of communications,and won the reputation of the Bank of communications.After that,the advantages shown in thiscase are as follows: strengthen the information disclosure of green bonds,improve the supervision of raised funds;improve the support policies of green bonds,strengthen the precise implementation of policies;encourage enterprises to issue green bonds,and make full preparation for issuance.