Everbright Bank actively promotes the high-quality development of the "Belt and Road"

Over the past decade, Everbright Bank has insisted on "giving play to its own strengths and the needs of contributing countries", strengthened financial support for the joint construction of the "Belt and Road", actively explored and promoted the role of finance in resource allocation in the joint construction of the "Belt and Road", and helped the high-quality development of the "Belt and Road" with high-quality financial services.

Strengthen the top design

Consolidate the service foundation of the "Belt and Road"

In 2016, Everbright Bank revised and improved its medium - and long-term development strategy, taking financial support for the "Belt and Road" as a long-term strategic task and internalizing it into the bank wide development practice. In the process of formulating the international development plan, it was further clarified that we should continue to give full play to the layout advantages of overseas institutions, efficiently coordinate and coordinate, and serve the high-quality development of the "Belt and Road". The credit investment policies and industrial credit policies issued in recent years also encourage the provision of comprehensive financial support to projects related to the "Belt and Road" with diversified product portfolios.

Everbright Bank has unswervingly promoted a high level of opening up to the outside world, and continued to improve the institutional layout of countries jointly building the "Belt and Road". So far, it has established five overseas branches in Hong Kong, Seoul, Luxembourg, Sydney, and Macao, two overseas subsidiaries of Everbright International and Everbright Europe, and a total of eight overseas institutions in Tokyo, covering Asia, Europe, and Macao.

At the same time, Everbright Bank took the initiative to meet the cross-border financial needs of the "Belt and Road" initiative, and by virtue of the layout advantages of overseas institutions and cross-border linkage coordination mechanism, upgraded the cross-border financial comprehensive service system. In the field of cross-border settlement and financing, Everbright Bank provides domestic and overseas, online and offline, and all currency financial services to ensure that customers' cross-border remittance of funds along the "Belt and Road" is convenient and efficient, and foreign exchange assets and liabilities effectively avoid exchange rate risk. At the same time, it also provides syndicated loans, cross-border financing, structural financing and other products. In the field of capital market financing services, Everbright Bank provides products and services such as overseas IPO, overseas bond issuance, pre IPO private placement, and helps enterprises participating in the "Belt and Road" to broaden financing channels and reduce financing costs. In the field of cross-border asset management and investment, Everbright Bank, relying on the full license of overseas finance and the advantages of integration of investment banks, has tailored investment portfolios for customers, helped customers to maintain and increase their funds steadily, and accompanied customers to achieve stability and long-term development.

Focus on financing

Deepen the industrial synergy of the "Belt and Road"

Everbright Bank makes full use of both domestic and international markets and resources to provide all-round and multi-channel investment and financing services to the "Belt and Road" market, customer provider investment banks, and domestic and overseas investment banks.

Infrastructure connectivity is one of the important tasks of jointly building the "Belt and Road". Everbright Bank focused on high-quality financial supply and participated in the cross-border consortium of Dubai 950MW photovoltaic power generation project. The project is the largest and most advanced solar thermal power station in the world. After completion, it will provide clean power to more than 320000 households in Dubai every year. Everbright Bank's US $80 million syndicated loan for the Siem Reap Angkor International Airport Project in Cambodia is the first airport "going out" BOT project in China, and also a landmark project to jointly build the "Belt and Road" to radiate South Asia and Southeast Asia.

At the same time, Everbright Bank focuses on the funding needs of industrial upgrading and structural optimization projects such as the joint construction of the "Belt and Road" countries' industrial upgrading, scientific innovation research and development, and supply chain development. Everbright Bank participated in the US $30 million syndicated loan project of Indonesia Dexin Steel Co., Ltd., which will become the largest steel production enterprise in Southeast Asia after completion. The project has driven the export of related complete equipment and spare parts in China to more than 6 billion yuan, and solved the employment of more than 7000 local people in Indonesia. Everbright Bank also participated in the international syndicate project of Shoshi Indonesia Co., Ltd., with an overall approved amount of 1.6 billion US dollars and a financing amount of more than 1.1 billion US dollars, helping to build Indonesia's 126000 ton nickel metal production line and supporting facilities, setting an industry benchmark and creating an industry model for the joint construction of the "Belt and Road" countries to improve business chains and break through industrial bottlenecks.

In addition, Everbright Bank attaches great importance to green development and insists on serving the "Belt and Road" green low-carbon transformation and sustainable development. In 2018, Everbright Bank issued three-year, US $300 million green bonds on the Hong Kong Stock Exchange, becoming the first joint-stock commercial bank to issue green bonds overseas, and also the first green bond in the history of the Hong Kong Stock Exchange. Everbright Bank has underwritten the first phase of green medium-term notes of CGN Wind Power Co., Ltd. in 2023, issued a scale of 1 billion yuan, and used green debt financing tools to help scientific and technological innovation and development achieve new breakthroughs. In 2021, Everbright Bank will land a three-year bilateral loan of US $40 million for Zhengsheng 50000 kW wind farm in Nyeongsun Province, Vietnam. This project is the first wind power project invested by Chinese enterprises in Vietnam, and also the first onshore wind power project in Vietnam to use Chinese brand wind turbines, demonstrating Everbright Bank's green responsibility and mission.

Cooperate with all parties

Improve the quality and efficiency of the "Belt and Road" service

Everbright Bank has strengthened business exchange and cooperation with overseas correspondent banks. So far, it has established correspondent bank secret custody relationships with 949 banks in 86 countries and regions, including 41 countries along the "Belt and Road". Everbright Bank strengthened its cooperation with policy banks, export credit insurance and other key institutions along the "Belt and Road" with an open attitude, explored cooperation potential in project selection, financing opportunities, support measures and guarantee means, and provided supporting commercial and financial services. Everbright Bank innovated capital supply through international syndicates, joint financing, project follow-up investment and other ways, formed a three-dimensional and efficient service system, carried out inter-bank loan cooperation with counterparties of relevant financial institutions in countries jointly building the "Belt and Road", and established in-depth business contacts with counterparts in many countries. Over the years, Everbright Bank has also formed good interaction and cooperation with the Asian Financial Cooperation Association, the Financial Services Working Group of the BRICS Business Council, the BRBR mechanism and other financial organizations, giving full play to the advantages of the platform, pooling the wisdom of all parties, achieving win-win economic, social and efficiency, and fully demonstrating the strong attraction and vitality of international cooperation under the "Belt and Road" initiative.

key word: The Belt and Road Initiative Everbright Bank project Cross border