School of Business and Management Department of Finance 201 Climate Policies and Cost of Financing Supervisor: GOYAL Vidhan Krishan / FINA Student: BALDWA Anushka / BIBU Course: UROP1100, Spring The project examines how green bond issuances benefit the issuers. I obtained data on green bonds issued in Hong Kong from the Blomberg Terminal. I then analysed the data to classify issuers into various types such as Corporate Banks and Commuting services and then evaluated the time-series variation in the number of green bonds issued and their maturity dates. The report also summarizes coupon rates and other characteristics of green bond issuers. Finally, I estimated yield spreads on green bonds to test for the presence of ‘greenium’ or green bond premium. After analyzing secondary data on green bonds and their issuers, the next step is to read through green bond prospectuses to understand better the provisions included in green bond issues. Climate Policies and Cost of Financing Supervisor: GOYAL Vidhan Krishan / FINA Student: CHENG Yanxiang / FINA Course: UROP1100, Summer This research aims at exploring the effect of social attention on green bond pricing in China. To understand the underlying mechanism, I dissect social awareness into public and analyst attention to see how they affect bond pricing differently. I then use ordinary least squared regression to test for different attention sources’ significant impacts on green bonds’ spread. The findings indicate that both social and analyst attention plays a vital role in affecting bond pricing in China. Climate Policies and Cost of Financing Supervisor: GOYAL Vidhan Krishan / FINA Student: JIA Yuanchen / ECOF Course: UROP1100, Summer This report examines the investment and green performance of Chinese green mutual funds vis-à-vis their conventional peers. I compare fund return and portfolio average ESG rating and conclude that Chinese green funds exhibit higher returns and have better ESG scores than their conventional peers, suggesting that they are both doing good and doing green.
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