Research On Blue Bonds Of China Guangdong Nuclear Wind Power Co.,Ltd.under The Background Of Blue Economy

The ocean has extremely high economic value,25 % of the carbon dioxide released into the atmosphere is absorbed by the ocean,40 % of the global population lives in coastal areas,and 90 % of global trade is completed by sea transportation.However,at present,the ocean is facing problems such as plastic pollution and overfishing.The concept of " blue economy " has emerged in the world without solving such problems and accelerating the process of marine ecological health restoration.Compared with the development process of blue economy in developed countries,the development of blue economy in China is later and the challenge is greater.The capital problem in this process is difficult to sustain only by government subsidies.Therefore,domestic enterprises began to explore the issuance of blue bonds to solve the problem of project construction funds.’22 Wind Power G1 ’ is a blue bond jointly underwritten by CITIC Construction Investment Securities Co.,Ltd.,Guotai Junan Securities Co.,Ltd.,Haitong Securities Co.,Ltd.and Founder Securities Underwriting and Sponsoring Co.,Ltd.In the case introduction part,this study first clarifies the financial status and operating status of the issuer Zhongguang Nuclear Wind Power Co.,Ltd.,as well as the basic information,capital investment direction,source of debt repayment funds and issuance of blue bonds in this period.After that,the motivation analysis and effect analysis of ’ 22 wind power G1 ’ were carried out.The issuance of bonds in this period mainly includes three aspects : policy support,market demand and capital demand,and forms positive effects in economic,social and environmental aspects after issuance.However,it should also be noted that while CGN Wind Power Co.,Ltd.has achieved positive effects in the issuance process,there are also some problems,such as relatively high issuance costs,inactive trading market,and imperfect bond repayment guarantee mechanism.Only by constantly exploring the solutions to these problems can we issue blue bonds more efficiently,guide social idle funds to flow to the blue field,and promote the development of the blue economy.In this study,a case study of ’ 22 wind power G1 ’ blue bond is carried out,which can be related to blue finance and blue bond at the practical level.