我国绿色债券规则完善与制度优化研究

Research on the Rule Perfection and System Optimization of Chinese Green Bond

绿色债券是实现“双碳”目标不可或缺的力量。近年来,我国绿色债券市场快速发展,发行规模持续增长,呈现出创新品种不断出现、债券期限短期化、向高评级主体集中等特点;同时,也存在市场基础设施不完善、发行端审批程序优势不明显以及投资端绿色激励不足等问题。未来,要从市场基础设施、发行端和投资端三个方面完善相关规则与制度,推动我国绿色债券市场持续健康发展。

Green bond is an indispensable force to achieve carbon peaking and carbon neutrality goals.In recent years,our green bond market has developed rapidly,and the scale of issuance has continued to grow,presenting the characteristics of continuous emergence of innovative varieties,short-term bond maturity,and the concentration of high rating subjects;At the same time,there are also problems such as imperfect market infrastructure,insignificant advantages of approval procedures on the issuing side and insufficient green incentives on the investment side.In the future,we should improve relevant rules and systems from three aspects of market infrastructure,issuing and investment to promote the sustainable and healthy development of our green bonds market.