China has embarked on its inaugural issuance of green sovereign bonds, with ambitions to raise up to CNY 6 billion. These bonds, available in 3-year and 5-year terms, are set to offer yields of 2.3% and 2.35%, respectively, and are likely to be priced imminently. Their listing on the London Stock Exchange underscores China's intention to fortify its financial partnership with the United Kingdom while tapping into Europe's expansive market for sustainable finance. This initiative follows promises made during the UK Chancellor's January visit to Beijing, centered on enhancing financial collaboration. Furthermore, this endeavor dovetails with China's larger agenda to augment its international bond offerings, illustrated by recent transactions in Saudi Arabia and Paris. As part of its commitment to decarbonization, China aims to reach its peak greenhouse gas emissions by 2030.