Benefit Analysis And Promotion Suggestion Of Green Building Bond

Green bond is one of the financial instruments with the richest policy formulation,the most active market performance,the most close attention of public opinion and the most frequent international interaction since China put forward the national strategy of developing green finance.At present,China has been one of the largest green bond markets in the world for several years in a row,and has achieved multi-dimensional innovation in many fields and product forms.The number of green bonds issued by various industries continues to increase,but the green bonds issued by the construction industry are an exception,and their issuance is still small.As a powerful driving force for the development of green buildings,green bonds are expected to provide help for the continuous upgrading of the green building industry and the investment and financing of green building projects.Lingang Group,the only large state-owned enterprise in Shanghai that focuses on the development of industrial parks,issued Shanghai Lingang Green Bond in 2018,which is the first green bond targeted at green buildings on the Shanghai Stock Exchange.This paper takes the green building bond in Hong Kong as a case,through the analysis of the issuance of the green building bond,summarizes the good social,reputation and financial benefits of the green building bond,and shows that the issuance of green bond can meet the financing needs of construction enterprises.effectively reduce financing costs and promote the realization of the group’s development strategy.The successful issuance of green construction bonds by Lingang Group can also provide a reference for the issuance of green bonds by other enterprises.Today,China’s green bond market is still in the initial stage of development,green building standards are not unified,coupled with issuers need to bear additional costs,the government does not give enough support and other factors,as a result,the issuers of green building bonds lack motivation and enthusiasm,and the number of green building bonds issued is small.And the current market has not yet formed a large-scale green investment group,nor formed a good concept of green investment,in such an environment,green building bonds in the process of development in urgent need of government support.Therefore,the government should further strengthen its support and protection of the green bond market in the future,including promoting the unification of China’s green building standards,cultivating green investors,strengthening publicity,increasing financial subsidies to issuers,etc.,so that green building bonds have a more significant cost-benefit advantage,promote the enthusiasm of issuers,and promote the sound and good development of the green bond market.