A construction site in China’s southern Hainan province. Photo: Xinhua
A construction site in China’s southern Hainan province. Photo: Xinhua

Mortgage-backed green securities are picking up in China as Beijing favours environmentally friendly buildings, Fitch says

  • Asset securitisation deals backed by green buildings surged to 110 billion yuan (US$15.8 billion) in the first half, compared with 123.3 billion yuan for the whole of 2021
  • The building sector currently accounts for half of China’s carbon emissions and will need to contribute to a 13.5 per cent reduction in its energy consumption over the 2021 to 2025 period

A construction site in China’s southern Hainan province. Photo: Xinhua
A construction site in China’s southern Hainan province. Photo: Xinhua
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