Shanghai Clearing House lowers charges for green bonds

Shanghai Clearing House will support the sustainable development of the green industry by reducing the registration rate for issuance of green bonds and the service rate for interest payment by 50%.

Shanghai Clearing House will support the sustainable development of the green industry by reducing the registration rate for issuance of green bonds and the service rate for interest payment by 50%.

In order to implement Chinese government’s instruction of tax reduction and fee reduction, support the development of the real economy, effectively reduce the cost of social financing, and prevent financial risks, the Inter-bank Market Clearing House (or Shanghai clearing house) has decided to reduce the charges for bond business.

Among them, the relevant circular said it will support the sustainable development of the green industry and cut the registration rate for issuing green bonds and the service rate for paying interest by 50 percent.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/05/shanghai-clearing-house-lowers-charges-for-green-bonds/.

Leave a Reply

Please Login to Comment