Research On Green Bond Issuance Of Beijing Capital Co.,Ltd

As one of the eight major tasks in 2021,Carbon peak and carbon neutralization,require to optimize our industrial energy structure and wage a determined battle to prevent and control pollution,which lead to increasing demand on construction funds to support green projects such as renewable energy construction,energy conservation and emission reduction,and sewage treatment.As a financial financing instrument,green bond has the dual attributes of "green" and "economy",which provides a capital for green projects,which can effectively further the green transformation of key industries and important fields,promote the safe and efficient use of energy,and develop the green economy.With the vigorous development of China’s green corporate bond market,many companies in the market have successfully issued green corporate bonds for financial financing.By analyzing the "G18First Share" green corporate bonds issued by Beijing Capital,this paper aims at studying the motivation,process and effect of green enterprises in the practice of green bond issuance,which provide some experience for other issuers of green corporate bonds,and provide inspiration for promoting more enterprises to adopt green bond financing.Through the case study of Beijing Capital Co.,Ltd.issuing green corporate bonds,Beijing Capital can expand project financing channels,reduce financing costs and attract investors’ attention through green corporate bonds under the background of policy incentives and industry transformation,which has good feedback on economic and environmental effects.The successful operation of green corporate bonds of capital stock is inseparable from its strong operational strength and profitability,as well as the optimization of internal management,which has provided valuable practical experience for other public utilities.During operating green bond system,enterprises,as issuers,need to communicate well with external institutions,choose the lead underwriter,and do a good job in the management of raised funds and information disclosure.Meanwhile,in the process of issuing green bonds,the issuers should pay attention to their on-balance sheet and off-balance sheet financial situation,improve the competitiveness,ensure the adequacy of daily cash flow,and improve the of enterprises’ internal management system.At present,there are still some deficiencies in the operation process system of China’s green bond market,and the relevant systems of the green bond market needs further improve such as unifying the green identification standard,perfecting the green certification system,improving the credit evaluation system,and improving the quality of information disclosure.At the same time,relevant departments should also advocate the concept of green investment,increase the enthusiasm of participants,promote the further development of China’s green bond market,and contribute to the realization of goal in China’s carbon peak and carbon neutralization.