2021 ESG Report
49 2021 ESG Report
Green Bonds
CRCBANK 50
Case
Featured Rural Village Loan Helps Green Ecological Agricultural
Developments
A green ecological agriculture company is within the list of the second batch of pilot villages for the
construction of the special rural village in Suzhou. It was established to build a new featured rural
village. After the company was established, it quickly started new rural green construction related
projects with an estimated total investment of 73.3 million RMB. However, since the project is under
the construction period and has not yet started production and operation, the enterprise has a large
capital gap.
After learning about the situation, CSRC Bank took the initiative to meet with the local village, town
and enterprise to understand the construction plan in detail, discuss the feasibility of the project and
the economic development opportunities for the local area, and finally decided to match the enterprise
with the Bank's "Featured Rural Village Loan" product, with a total credit of 63.5 million RMB and a
credit term of 67 months.
After the loan was granted, the enterprise started the
project and successfully completed the construction
of the whole project in three years. The construction
of this project has promoted the integration of the
development of the whole area of the featured town
and driven the development of several villages in the
region, becoming a typical model for the development
of regional rural linkage. After the completion and
mature operation of the project, it can bring an annual
income of about 9.8 million RMB, which promotes
local economic development, provides more
employment opportunities, and helps the enterprise
and local rural areas to achieve the goals of cultural
construction and increasing production and income.
CSRC Bank actively implements the national sustainable development strategy and uses green bonds as a new
financial instrument to support the financing of green industries, assisting the development of green economy.
On March
11, 2021
On April
30, 2021
CSRC Bank invested in the first phase of 2021 green mid-term notes (carbon neutral
bonds) of Suzhou SND Group in the amount of 30 million RMB, contributing to
the implementation of the first carbon neutral bonds in Jiangsu Province and the
development of green finance in Suzhou.
CSRC Bank invested in a 2021 non-public green corporate bond of Yangzhou
Yishengde Industrial Development Co., Ltd. in the amount of 50 million RMB with a
maturity of 3 years. The fund was used for the comprehensive ecological and water
environment management project of Yangzhou Eco-Tech New City.
"Featured Rural Village Loan" helps to build new featured rural village
14:26
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