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CUFE-CNI Chinese domestic Green Bond Index Series

Discover Chinese domestic green bonds

Explore four indices that reflect the value of green bonds issued and settled on China’s Interbank Market as well as the Shanghai and Shenzhen stock exchanges.
Track the performance of Chinese green bonds

The CUFE China High-level (CUFE-CNI) Green Bond Index Series was developed jointly by the Shenzhen Securities Information Co., Ltd (SSI) and the International Institute of Green Finance (IIGF), part of the Central University of Finance and Economics (CUFE) in Beijing with the aim of bringing European investors greater transparency and access to green securities in China.

All securities displayed on these indices are in line with the Green Bond Endorsed Project Catalogue (2021 edition).

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Composition of the CUFE-CNI Index Series
The CUFE-CNI Green Bond Index Series contains the following four indices: 
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Index user highlight
International Institute of Green Finance, Central University of Finance and Economics
“As the first cross-border synchronous display of Chinese green bond index series, the publication of the index series will help raise the international influence of China’s green finance, attract foreign investors to participate in the construction of China’s green financial system and promote the development of green industries in China."
Dr. Wang Yao, Dean of the International Institute of Green Finance, Central University of Finance and Economics
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CUFE-CNI Index Series – Eligibility criteria 

All securities included on CUFE-CNI index series issued are in line with the Green Bond Endorsed Project Catalogue (2021 edition) and the China Green Bond Principles (2022).

Both editions of the catalogue recognise the following six environmental sectors eligible for financing via green bonds: 
  • GB1:Energy Saving 
  • GB2:Pollution Prevention & Control 
  • GB3:Resource Conservation and Recycling 
  • GB4:Clean Transport 
  • GB5:Clean Energy 
  • GB6:Ecological Protection and Climate Change Adaption 
Securities that allocate use of proceeds to at least two of the above categories are also eligible. A bond will also be treated as green if at least 95% of the issuers’ revenue comes from the environmental sectors. 
Green Bond Endorsed Projects Catalogue (2021 edition)
China Green Bond Principles (2022)
Methodology
Disclaimer
For the purposes of the present note, “BMR” means Regulation (EU) 2016/2011 of the European Parliament and the Council of June 8, 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds, as amended or supplemented from time to time.

The CUFE-CNI High Grade Green Bond Index, CUFE-CNI High Grade Unlabelled Green Bond Index and CUFE-CNI High Grade Labelled Green Bond Index (the “Indices”) are proprietary and privilege data of Shenzhen Stock Exchange (“SZSE”). SZSE has appointed Shenzhen Securities Information Co. Ltd (“SSIC”) to be its index business agency. Although SSIC has made its best efforts to ensure the accuracy of the Indices and all related information (collectively the “Information”), SSIC cannot guarantee the accuracy, timeless or completeness of the Information. The Information is made available for general information purposes. It cannot be disseminated, displayed, sold or distributed, in any manner, in whole or in part, freely or against payment, without the prior written consent of SSIC. Neither SZSE nor SSIC are registered  or authorised as benchmark administrators in accordance with art. 3(6) of BMR.

The Indices shall, in no event, be used or considered, directly or indirectly, in whole or in part, as benchmarks (as defined by art. 3(3) of BMR – as defined below). You are strictly prohibited from using, allowing or facilitating the use of the Indices for the following purposes:
  • Determine the value or price at which a financial instrument may be bought, sold, traded or redeemed;
  • Determine any amount or interest payable in relation to financial contracts or instruments;
  • Measure the performance of financial instruments (e.g. investment funds); and/ or
  • Define the asset allocation of a portfolio.
The Information is not tailored for specific investors' situations and may therefore not be suitable for you. The Information is not and shall not be a substitute for your own researches, investigations, verifications, checks or consultation for professional or investment advice. You are using the Information at your own risks.

Although the Indices and the Information are displayed on its website, Luxembourg Stock Exchange (“LuxSE”) cannot and shall not be considered as (i) endorsing the Indices (in the sense of art. 33 of BMR) and (ii) acting in any manner as attorney, agent or representative of SZSE or SSIC. LuxSE does not give any representation or warranty and disclaims any liability or responsibility of any kind in connection with the accuracy, correctness, timeliness, fitness for a particular purpose, reliability or completeness of the Information. LuxSE does not accept any liability or responsibility of any kind for any loss or damages arising directly or indirectly from the use of, or any action refrained or taken on any Information. The Information does not constitute and is not construed as any advice, solicitation, offer, endorsement, commitment or recommendation on behalf of LuxSE to (i) invest in any financial instrument and/ or (ii) follow or use the Indices as a benchmark or reference. The publication of the Information by LuxSE does not represent or constitute any warranty or representation from LuxSE in connection with the good standing, profitability, suitability or reliability of any financial instrument and/ or of the Indices. LuxSE cannot represent or warrant that the Information will be updated, displayed or made available in real time and/ or without any delay.
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