At the Lujiazui Forum plenary on June 18, CPPCC standing committee member Zhou
Hanmin said international green bonds typically show a green premium—slightly
lower financing costs than plain bonds—but that premium is not evident in China.
Chinese issuers receive limited benefit from green bond labels, leaving issuance
incentives weak. Zhou blamed a shallow domestic green investor base, limited tax
incentives and inadequate risk compensation, and proposed establishing tax
incentives, improving interest-subsidy policies and creating a green guarantee
mechanism to ensure green assets carry value.