The New Development Bank (NDB), Bank of China and Haitong Unitrust International Financial Leasing (HUIFL) have signed a syndicated loan agreement totalling RMB 1.2 billion to finance green leasing sub-projects that support China’s environmental goals and climate commitments.
The signed loan agreement supports China’s transition toward a new growth model centred on low-carbon development, climate resilience, and environmental protection. Despite progress in recent years, environmental protection and climate change mitigation continue to be considered national priorities, and this Project aligns directly with that policy direction.
Under the loan agreement, NDB will provide RMB 717.32 million, Bank of China will contribute RMB 500 million, and HUIFL will use the funds to acquire and lease equipment to lessees implementing sub-projects related to wastewater treatment, solid waste management, and metallurgical waste gas utilization for power generation. To promote balanced development, eligible sub-projects will be located outside China’s four Tier I cities, channelling investment into less-developed regions.
This is the first time NDB mobilizes private capital in a syndicated operation, marking a significant evolution in the Bank’s development financing approach. Since the adoption of the Addis Ababa Action Agenda in 2015, multilateral development banks have increasingly prioritized the mobilisation of private capital to help bridge the significant financing gap required to achieve the 2030 Agenda. In line with this collective commitment, NDB is scaling up private capital mobilization, and this transaction represents a concrete step in implementing that strategy, positioning NDB as a project orchestrator within its member countries.
Aligned with NDB’s General Strategy for 2022–2026, this operation reinforces New Development Bank’s commitment to financing sustainable development projects using local currency instruments, while strengthening domestic financial markets and fostering private sector participation.
“NDB is proud to partner with Bank of China and Haitong Unitrust Financial Leasing to finance green sub-projects that promote sustainable development and support China’s environmental goals and climate commitments. This initiative addresses the need for climate resilience and environmental protection and contributes to increasing investment in less-developed regions in China,” said Mr. Vladimir Kazbekov, NDB Vice-President and Chief Operating Officer. “In helping to address the infrastructure financing gap, New Development Bank is playing a catalytic role in mobilizing resources from diversified funding sources, particularly from the private sector, in line with its General Strategy.”
“The successful launch of this environmental protection syndicated loan represents not only a concrete initiative by Bank of China Shanghai Branch, NDB, and HUIFL to actively implement national strategies, but also an innovative collaboration among the three parties. Taking this opportunity, Bank of China Shanghai Branch will further leverage its global advantages and comprehensive strengths to provide more professional services to NDB and HUIFL, jointly injecting green and sustainable momentum into high-quality economic and social development,” said Mr. Xiao Wang, General Manager of Bank of China, Shanghai Branch.
“Taking this cooperation as a starting point, Guotai Haitong Securities and HUIFL will leverage the group’s global resources and partner with NDB and Bank of China to proactively serve the national strategies, actively increase support to areas of environmental protection and energy efficiency and jointly address issues in green development,” said Mr. Yuxing Mao, Vice-President of Guotai Haitong Securities Company.
Background Information
New Development Bank
NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development.
For more information on NDB, please visit www.ndb.int
Haitong Unitrust International Financial Leasing
Established in 2004 and headquartered in Shanghai, HUIFL is a leading financial leasing company in China, with operations across sectors including advanced manufacturing, energy and environmental protection, construction, urban utilities and transportation & logistics. HUIFL is listed on the Hong Kong Stock Exchange and has a strong track record in green leasing. In March 2025, the indirect controlling shareholder of HUIFL was changed to Guotai Haitong Securities Company, and the actual controller was Shanghai International Group.
For more information on HUIFL, please visit www.utfinancing.com
Bank of China
Bank of China was established in 1912 and is the oldest continuously operating state-owned commercial bank in China. In 2011, it became the first global systemically important bank from an emerging economy, with its international standing, competitiveness, and comprehensive strength ranking among the top tier of global banks. It operates branches across the Chinese mainland as well as in 64 countries and regions overseas.
For more information on Bank of China, please visit https://www.boc.cn/