The Study Of Beijing Automotive Co.,Ltd Green Bond Financing Case

With the persistent development of the green financial system,the strengthening sense of responsibility of the public and the investors,the development of green bonds is remarkable from both domestic and overseas donors.In recent years,China takes an increasingly important position in the international green bond market.China is exploring a distinctive way to develop green bonds with the international guidelines and the characteristics of the domestic market.Green bonds gradually becoming mature,but with the diversification of the subject of green bond issuance,the variety of green bonds has gradually increased.Different types of green bonds are different in many aspects,such as the process of issuing audit,the requirements of information disclosure and so on.Therefore,it is necessary to refine the more specific and different types of green bonds and make further research on them.Chinese first green corporate bond "16 Beijing automobile green bond" has attracted extensive attention.It has a low issued coupon rate,a high speed of the review process,and a wide permission for use of funds.After the release of that,other potential green corporate debt issuers are attracted greatly.The purpose of this paper is to analyze the first case of green enterprise bonds issued in China,to study the effect of green enterprise bonds in the actual issue in China.This paper describes the meaning,process and characteristics of green corporate bonds based on the case "16 Beijing automobile green bond",issued by Beijing Automotive Company in 2016.And then,the paper explores and concludes the actual effect of "16 Beijing automobile green bond " in the case to give suggestions for the development of green enterprise bonds and the green transformation of the automobile industry.Through the study of the issue of green bonds by Beijing Automotive Company,we can see that by issuing green bonds,Beijing Automobile has reduced the financing cost,boosted the strategic development of new energy vehicles,and alleviated the pressure of funds.In the period of transition,the performance of Beijing Automobile is unstable.However,it issued large green bonds continuously,which also causes pressure on the maturity of its bonds.In general,the "16 Beijing automobile green bond " issued by Beijing Automobile meets its demand of strategic development,but it should also consider the factors of market and enterprise itself,and make a reasonable debt issuance.