The first off-market emissions swap agreement in China was signed in Beijing

15 June 2015 – This is a non-standardized written contract, signed by CITIC Securities and a carbon asset management company. Traded amount was 10,000 tons. China Beijing Environment Exchange is only in charge of supervision of deposit and agreement settlement. Swap agreement is an important innovation in carbon finance and would provide better liquidity for carbon market.
Source: www.ideacarbon.org