RIYADH: Nasdaq Dubai has listed China Construction Bank’s $600 million green bond, signaling its commitment to combating climate change. The issuance, by the bank’s Dubai International Financial Centre branch, aims to support impactful green projects in the region, focusing on renewable energy, seawater desalination, greenhouse gas emissions reduction, and energy efficiency, according to a press release. With this listing, the total value of bonds posted on Nasdaq Dubai by China Construction Bank, including from Hong Kong and Dubai branches, has now reached $2.45 billion. The cumulative outstanding debt from Chinese issuers on the exchange stands at $11.95 billion across 22 issuances. The posting also raises Nasdaq Dubai’s total environment, social, and governance issuances to $27.05 billion and listed debt to $128.66 billion, as well as fostering sustainable financing synergy between China and the UAE. Li Xuhang, China’s consul general in Dubai, and Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, marked the event by the ringing of the market opening bell. The diplomat praised his country’s banks for their pivotal role in promoting green finance. He expressed his expectation for the DIFC Branch to strengthen sustainable development in the UAE, the Middle East and the rest of the world. Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, said: “This further strengthens our long-standing relation which we have nurtured over the years.” He added: “With this listing, Nasdaq Dubai solidifies its position as a global leader in creating an ecosystem that fosters sustainable financing and responds aptly to the growing demand for green financing instruments in the region.” Yuan Shengrui, CEO of CCB’s DIFC Branch, said: “The branch will take the green bond issuance as an opportunity to further boost the economy with high-quality growth and take capital market as the bridge to support cooperation in green sustainable development and energy transformation between China, UAE and the region.” With comprehensive financial products and services, the DIFC branch is dedicated to supporting more Chinese corporations to participate in green energy projects and promoting environmental protection and energy transformation.