Pictured, from left: Huang Changqing, China’s ambassador to Luxembourg; Frank Wagener, chairman of the Luxembourg Stock Exchange; Pierre Gramegna, Luxembourg’s finance minister; Yin Jiuyong, vice president at the Agricultural Development Bank of China; Liu Youhui from the ADBC’s treasury department; Robert Scharfe, CEO of the Luxembourg Stock Exchange; and Julie Becker, member of the bourse’s executive committee.

ADBC, a policy bank owned by China’s central government, had just listed a RMB 3bn ($450m) green bond on the Luxembourg bourse. This was the first time a domestic Chinese green bond had been registered on an international exchange, according to the exchange’s press release.

The development bank and stock exchange inked a deal in January “to bridge the Chinese interbank market with international investors and facilitate the acquisition of ADBC domestic green bonds by investors located outside China”.

The bond, displayed on the bourse’s Luxembourg Green Exchange, was more than four times oversubscribed, the 9 March press release said.

China’s largest commercial bank, ICBC, listed internationally oriented climate bonds in Luxembourg last October.