Huaxia Bank to issue RMB10bn green bonds

Recently, Huaxia Bank has announced that the China Banking and Insurance Regulatory Commission had approved its application to issue green bonds of no more than 10 billion yuan in the Chinese interbank bond market, and all the funds raised would be used for green credit.

Recently, Huaxia Bank has announced that the China Banking and Insurance Regulatory Commission had approved its application to issue green bonds of no more than 10 billion yuan in the Chinese interbank bond market, and all the funds raised would be used for green credit.

Data show that as of the first half of 2019, Huaxia Bank has invested a total of 120.8 billion yuan from green financing into the real economy, including 72 billion yuan in green credit, 31.8 billion yuan in green leasing, 10 billion yuan in its Blue Sky and Clear Water Fund, and 7 billion yuan in green bond investments.

The bank is reported to be actively building a “green bank”. It has set up the ESG evaluation criteria with 13 factors (three environmental factors, seven social responsibility factors, and three corporate governance factors) and integrated them into the review process of investment and credit financing projects, which include business in financial leasing, financial investment, and partnership.

Source: China Banking and Insurance News

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/05/huaxia-bank-to-issue-rmb10bn-green-bonds/.

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