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Brief
"On March 19, the Ministry of Finance announced China's plan to debut an RMB-denominated sovereign green bond in London. The bond value will not exceed 6 billion yuan and specifics will be announced prior to issuance. This initiative aims to attract international capital for domestic green and low-carbon development, contributing to environmental goals such as climate change mitigation and adaptation." "The funds raised by green bonds under the framework will be allocated to eligible green projects in the central fiscal budget."
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