China saw steady growth its green bond issuance in 2019, with more diversified issuers in the market, a recent report showed.

The issuance of the country's green bonds rose by 33 percent to 386.2 billion yuan (about 54.7 billion U.S. dollars) in 2019, according to an annual report jointly released by the China Central Depository and Clearing Co., Ltd. and the Climate Bonds Initiative.

Non-financial institutions overtook financial institutions as the biggest issuers, with their issuance surging by 54 percent and accounting for 37 percent of last year's total, the report said.

China announced a plan in 2016 to establish a national green finance mechanism, becoming the first country worldwide to make such a move. It also helped push green finance to be included on the G20 agenda.

(Cover image via VCG)