China’s green finance market seen quadrupling to US$10.4 trillion by 2031, but lack of ESG data holding back funds, products, UBS says

• While China’s green finance market has reached 16 trillion yuan, assets under management in ESG funds only total around 500 to 600 billion yuan
• Since the first green bond was issued in 2016, the cumulative volume of sustainable bonds in China had reached 1.73 trillion yuan by the end of 2021