Over half of China’s new green bond catalogue targets manufacturing

It spans equipment, transport, robotics, agriculture, and renewables.

More than half of the 271 tertiary categories of China’s 2025 Green Bond Catalogue relate to manufacturing activities and products, according to the Sustainable Fitch report.

This spans through industrial equipment, transport, service robots, agricultural products, renewable energy, and other sectors.

The report noted that the catalogue also makes new stipulations for emerging decarbonisation technologies.

In cases where formal standards are still pending, manufacturers can now use third-party test reports to prove performance.

This approach provides issuers with greater flexibility and ensures that new innovative technologies can access green finance despite delays in standard-setting.

The updated scope extends across supply chains for important technologies such as hydrogen and rare earths.

A new category covers hydrogen equipment manufacturing, spanning production, storage, transport, and utilisation.

The catalogue also extends to rare earth and mineral processing, including extraction, recovery of associated metals, and the manufacturing of permanent magnet motors.