Study on the 2-Mode Network Characteristics of the Types and Issuing Places of Chinese Provincial Green Bonds

Abstract

AbstractAlthough China’s green bonds started considerably late, they have become an important part of international green bonds. According to the development status of Green bonds in China. In this article, 2-mode network analysis is used to construct the network of the types and issuing places of China’s provincial green bonds. The UCINET software is used to analyze and study the network centrality and singular value decomposition. This paper studies the functions and roles of different issuing places in China’s inter-provincial green bond market from the relationship between the green bond types and issuing places. It is concluded that all issuing places have generally established connections with the green bond market, and the eastern region has obvious advantages in the types and quantity of green bond issuance. There are two specific market clusters in the green bond market: multi-instrument + central and eastern cluster and green corporate bonds + central and western cluster. Some measures are put forward, such as strengthening the regional cooperation capacity of green bonds among regions, delegating power to the lower levels, and stimulating the vitality of green bond issuers.KeywordsGreen bond type2-Mode NetworkSingular value decompositionMarket cluster