"Carbon" seeks new path for high-quality development CBHB successfully issued the first green financial bond for Tianjin municipal corporations.

Recently, CBHB Co., Ltd. (hereinafter referred to as "CBHB") successfully issued its first green financial bond with an issuance size of 5 billion yuan, a three-year term, and an issuance interest rate of 2.05%. It is the first green financial bond issued by a corporate bank in Tianjin. Developing green finance is an important way for commercial banks to promote high-quality economic development, achieve the "dual carbon" goals, and undergo green transformation. In recent years, CBHB has made efforts to carry out the central government's decision-making arrangements, actively practice the national green development concept and sustainable development strategy, implement "ten actions", fully support the construction and development of a beautiful Tianjin, and empower the accelerated development of green businesses. CBHB's relevant officials introduced that the first phase of green financial bonds issued this time was subscribed on June 24, 2024, and officially started earning interest on June 26, 2024. The funds raised will strictly follow the "Green Bond Project Directory (2021 Edition)" and related policy requirements, and be used in various fields such as energy conservation, environmental protection, clean production, and clean energy, to reduce financing costs for green enterprises, enhance market competitiveness, and promote business transformation. This issuance of the first phase of green financial bonds is another active exploration by CBHB in the field of green finance. In recent years, CBHB has focused on low-carbon economy, circular economy, and ecological economy around the national "dual carbon" goals, increased resources in the green low-carbon field, and achieved a new breakthrough in economic and environmental benefits. In order to achieve the deployment of the "green financial" grand strategy and serve Tianjin's "ten actions", CBHB has set the goal of becoming a leading domestic green financial bank, benchmarking its peers, and deploying in various dimensions such as top-level design, mechanism strengthening, product innovation, and effective services to promote the development of green financial businesses. In terms of top-level design, the bank has issued multiple green financial support policies, such as the "Green Becomes Gold Accelerates Transformation" CBHB Green Financial Analysis Report and Wholesale Business Development Action Plan (2023-2025), based on resource endowment, strengthening the ESG concept, clarifying green financial development goals and action paths, guiding the entire bank to continuously increase resource input in the green field, and helping to create sustainable industrial and living environments. In product services and business practices, CBHB has made continuous breakthroughs in green finance. As of the end of May 2024, the balance of CBHB's green loans was 32.418 billion yuan, an increase of 3.611 billion yuan, an increase of 12.54% compared to the same period last year; during the same period, the balance of green bond investments was 10.13 billion yuan, an increase of 59.75%. CBHB has also innovatively launched the "Green Specific Asset Support Loan" product, pledging the stable cash flow of enterprise electricity fees, providing sufficient credit support during the project construction period and operation period. At the same time, the bank has implemented one of the first financial loans for the transformation of the chemical industry in Tianjin, with all loan funds dedicated to the construction of the Tianjin Bohua Chemical Steam Condensation Waste Heat Recovery Technology Transformation Project, which is expected to reduce carbon dioxide emissions by 3,738 tons annually once completed. In the process of exploring the characteristics of green development in commercial banks, CBHB's achievements have also been recognized by the industry. In 2023, the bank won the "Core Competence Green Development Star" award at the "China International Economic Management Technology Forum and 2023 High-Quality Development Summit," and won the 2023 "ESG Pioneer 60" Annual ESG Green Finance Award for its outstanding performance in green finance. In the future, CBHB will further deepen the connotation of green financial services, serve the comprehensive green transformation of economic and social development and the construction of a beautiful China, faithfully implement the spirit of the Central Economic Work Conference, Central Financial Work Conference, and the work requirements of the Tianjin Municipal Party Committee and Municipal Government, actively carry out the "green financial" grand strategy, implement the "ten actions", and jointly promote the development and implementation of green finance, and contribute to the comprehensive construction of a socialist modern country with Bohai strength.