Fujian Haixia Bank (2023)
| Signing Date | 08 Dec 2021 |
| Region of Headquarters: | Asia-Oceania |
| Current EPFI Reporting Year/Period: | 2023 |
| Institutional Reporting: | No Report Available |
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.
Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.
Project Finance Advisory Services
Total number mandated in the reporting period: 0
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 2
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | 1 | ||
| Others | 1 | ||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | |||
| Asia Pacific | 2 | ||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 2 | ||
| Both | |||
| Independent Review | |||
| Yes | |||
| No | 2 | ||
| Totals | 2 | ||
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project Finance
Total number that reached Financial Close in the reporting period: 0
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Project Name Reporting For Project-related Corporate Loans (And Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Fujian Fangda Textile Co., LTD15,000 tons of intelligent high-grade textile fabric production project | Others | China | 2023 |
| 2 | Xiapu Household Waste Incineration Power Generation Construction Project | Power | China | 2023 |
Implementation of the Equator Principles
Haixia Bank of Fujian officially adopted Equator Principles in December 2021 and became the 8th Equator Principles Financial Institution (EPFI) in China.
To implement the EPs, Haixia Bank of Fujian adapted the organizational structure, credit policy, management methods and business process of the bank in accordance with the requirements of EP4, and issued “Haixia Bank of Fujian Equator Principles Project Management Measures” (hereinafter referred to as “the Measures”). The Measures integrate the concepts and provisions of the Equator Principles into the whole project loan process, stipulating that credit granting customers involved in major environmental and social risks should disclose relevant information in accordance with laws and regulations, and take the initiative to accept the supervision of the market and stakeholders. At the same time, Haixia Bank of Fujian organized relevant departments and operating institutions to receive training on the Equator Principles Project Financing Operation Practice.
The environmental and social risk classification of EP projects is undertaken by professionals in our Green Finance Department. For projects with environmental and social risks of Category A and some part of Category B projects, Haixia Bank of Fujian hires an independent third-party professional institution to assess the environmental and social risks of the project.