Reuters reveals China tightens green bond rules to align them with global norms

Reuters exclusively revealed China has raised the bar for issuances in the world’s second-biggest green bond market, taking a major step towards adopting global standards and eliminating ‘greenwashing’. Starting this month, the Shanghai Stock Exchange, China’s premier bourse, requires 100% of the proceeds from green bond issuances to be invested in green projects such as clean energy — compared with at least 70% previously