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Haitong Leasing Environmental Protection Project

Country
China China
Status
Proposed
Area Of Operation
Multiple Areas Multiple Areas
Type
Non-Sovereign

Quick Facts

Concept Approval Date
11 June 2024
Proposed Limit of NDB Financing
USD 100 million equivalent in CNY
Borrower
Haitong Unitrust International Financial Leasing Co., Ltd. (HUIFL)
Project Entity
HUIFL

More About This Project

China is transitioning into a new growth model that will place it on a low-carbon development path, strengthen climate resilience, and address environmental degradation. Environmental protection and climate change are high-priority policy issues for the Chinese Government. Despite much progress, environmental pollution which includes air, soil and water pollution is still a significant challenge in the country. HUIFL is a leading financial leasing company in China and is listed on the Hongkong Stock Exchange. With a good track record of operating history in green lease, and a firm corporate social responsibility commitment, HUIFL is considered an ideal financial institution to partner with NDB to promote financing of environmental protection subprojects.

NDB is providing a loan to HUIFL to support environmental protection and energy efficiency subprojects, including modernization of wastewater and solid waste treatment plants, and waste metallurgical gases utilization.

The project supports China’s 14th Five-Year Plan (2021- 2025) in which pollution prevention and control, environmental protection infrastructure enhancement and tackling climate change are outlined as key development priorities. The proposed transaction also contributes to China’s transition toward carbon peaking before 2030 and carbon neutrality before 2060.