The People's Bank of China ("PBC") has recently issued the Circular on Matters Concerning Tighter Supervision and Administration of Green Financial Bonds in the Duration (the "Circular").

The Circular contains major provisions as follows. The first is supervising and checking more strictly the use of funds raised by green financial bonds in the duration, to ensure the funds raised are used for green development in practice; the second is strengthening the monitoring and assessment of information disclosure for green financial bonds in the duration, to improve the information transparency; the third is stepping up efforts to urge the rectification of violations relating to green financial bonds in the duration, to optimize the dynamic management mechanism; and the fourth is reinforcing the organization and coordination and making clear the responsibilities, to make sure green financial bonds in the duration are effectively regulated. In addition, the Standards on Information Disclosure for Green Financial Bonds in the Duration have been distributed together with the Circular, expressly stating that green financial bonds issuers should make a disclosure in the annual reports on what green projects have been invested in within the reporting period, without containing the critical commercial information in the disclosures.

(Source: http://www.pbc.gov.cn/zhengwugongkai/127924/128038/128109/3493704/index.html)
Note: The link to the Chinese official website of the document is for your reference.