China Minsheng Bank

CDB Aviation Enters Into Inaugural Sustainability Linked Loan for $625 Million

Retrieved on: 
Thursday, December 7, 2023

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today that the lessor entered into its inaugural Sustainability Linked Loan (“SLL”) on December 1, 2023, anchored with a $625 million syndicated term loan facility.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today that the lessor entered into its inaugural Sustainability Linked Loan (“SLL”) on December 1, 2023, anchored with a $625 million syndicated term loan facility.
  • “This innovative facility marks a landmark transaction for the aviation finance space,” underscored Jie Chen, CDB Aviation’s Chief Executive Officer.
  • Moody’s Investors provided the Second Party Opinion as to the appropriateness of the KPIs and SPTs, confirming the conformity of the facility with the Sustainability Linked Loan Principles (“SLLPs”), with a best-in-class SQS2 rating.
  • Crédit Agricole Corporate and Investment Bank acted as Sole Sustainability Agent, as well as Lead Sustainability Structuring Advisor jointly with BNP Paribas and the Hong Kong and Shanghai Banking Corporation.

Fosun International Awarded "ESG Achievement Programme 2023" Logo and Certificate of Appreciation by Hong Kong Economic Journal

Retrieved on: 
Monday, August 21, 2023

HONG KONG, Aug. 21, 2023 /PRNewswire/ -- Hong Kong's first Chinese financial newspaper, Hong Kong Economic Journal (HKEJ) announced the list of companies with outstanding ESG performance on 18 August.

Key Points: 
  • HONG KONG, Aug. 21, 2023 /PRNewswire/ -- Hong Kong's first Chinese financial newspaper, Hong Kong Economic Journal (HKEJ) announced the list of companies with outstanding ESG performance on 18 August.
  • Fosun International was awarded the "ESG Achievement Programme 2023" logo and certificate of appreciation by HKEJ, in recognition of the company's performance in environmental, social, governance and sustainable development, which has been recognized by the market.
  • Driven by this trend, many Hong Kong companies have pledged to promote sustainable development and closely follow the pace of multinational corporations in terms of ESG.
  • Among them, many well-known Hong Kong companies have been actively promoting sustainable development, and continue to publicize their innovative ideas and practical plans to the market.

Fosun's Ratings Affirmed by S&P, Market Bullish on Chinese Private Enterprises

Retrieved on: 
Wednesday, May 31, 2023

This move implies that with continuous efforts to optimize capital and asset base, Fosun's short-term liquidity pressure has been greatly eased and its ratings have been affirmed by international agency S&P Global Ratings.

Key Points: 
  • This move implies that with continuous efforts to optimize capital and asset base, Fosun's short-term liquidity pressure has been greatly eased and its ratings have been affirmed by international agency S&P Global Ratings.
  • Analysts believe that coupled with the recent increase in foreign investment in China and the continuous net purchase of domestic securities, S&P Global Ratings' move also revealed that the international capital market is bullish on Chinese private enterprises considering the confidence boost in the outlook of China's economic recovery.
  • At the same time, sound banking relationships enabled sufficient sources of liquidity amid turbulence in the bond market.
  • In the report issued on 30 May, S&P Global Ratings fully affirmed Fosun's sound relationships with domestic and foreign banks.

BOE IPC 2023 kicks off, themed "Empower IoT: an Opening Innovation Platform on Display"

Retrieved on: 
Wednesday, July 5, 2023

BEIJING, July 5, 2023 /PRNewswire/ -- On June 28, BOE Innovation Partner Conference 2023 (BOE IPC 2023) opened in Beijing Etrong International Exhibition & Convention Center, with the theme of "Empower IoT: an Opening Innovation Platform on Display."

Key Points: 
  • BEIJING, July 5, 2023 /PRNewswire/ -- On June 28, BOE Innovation Partner Conference 2023 (BOE IPC 2023) opened in Beijing Etrong International Exhibition & Convention Center, with the theme of "Empower IoT: an Opening Innovation Platform on Display."
  • Moreover, BOE IPC 2023 was live broadcast through the world's first 8K+5G UHD broadcasting vehicle, presenting the amazing industry event to audiences anywhere.
  • In the exhibition area of BOE IPC 2023, BOE showcased a plethora of its latest futuristic technologies.
  • At the entrance to the exhibition area, BOE showed how its IoT all-in-one platform supports the implementation of the strategy of "Empower IoT: an Opening Innovation Platform on Display".

Positive Revision! Fosun's Ratings Affirmed by S&P

Retrieved on: 
Wednesday, May 31, 2023

HONG KONG, May 31, 2023 /PRNewswire/ -- International rating agency S&P Global Ratings issued a report, raising Fosun International Limited's (HKEX stock code: 00656, "Fosun International") rating outlook to stable.

Key Points: 
  • At the same time, sound banking relationships enabled sufficient sources of liquidity amid turbulence in the bond market.
  • The significant asset disposals and stable credit support from banks enabled Fosun's successful repayment of all concentrated maturing bonds in the past three quarters.
  • As of the end of March 2023, Fosun successfully brought down holding-company debt by about RMB24.0 billion to RMB93.0 billion.
  • S&P Global Ratings affirmed its long-term issuer credit rating and guaranteed senior unsecured notes rating on Fosun, raising Fosun's rating outlook from negative to stable.

Positive Revision! Fosun's Ratings Affirmed by S&P Global Ratings

Retrieved on: 
Tuesday, May 30, 2023

HONG KONG, May 30, 2023 /PRNewswire/ -- International rating agency S&P Global Ratings issued a report, raising Fosun International Limited's (HKEX stock code: 00656, "Fosun International") rating outlook to stable.

Key Points: 
  • The significant asset disposals and stable credit support from banks enabled Fosun's successful repayment of all concentrated maturing bonds in the past three quarters.
  • As of the end of March 2023, Fosun successfully brought down holding-company debt by about RMB24.0 billion to RMB93.0 billion.
  • S&P Global Ratings affirmed its long-term issuer credit rating and guaranteed senior unsecured notes rating on Fosun, raising Fosun's rating outlook from negative to stable.
  • Amid a challenging global financial backdrop, Fosun's credit indicators assigned by international institutions such as S&P Global Ratings still hold firm thanks to its steadfast implementation of the strategy of "streamlining the organization".

Fosun's Strategy of "Streamlining the Organization" Begins to Bear Fruit and Offshore Syndicated Loan are Launched

Retrieved on: 
Friday, May 12, 2023

The offshore syndicated loan was jointly initiated by seven banks including Bank of China, Bank of East Asia, Commerzbank, Hang Seng Bank, HSBC, Natixis Bank, and Standard Chartered Bank as lead bookrunners.

Key Points: 
  • The offshore syndicated loan was jointly initiated by seven banks including Bank of China, Bank of East Asia, Commerzbank, Hang Seng Bank, HSBC, Natixis Bank, and Standard Chartered Bank as lead bookrunners.
  • Since the formation of the syndicate, more than 10 banks have joined and banks may join through the "greenshoe option" in the next three months.
  • In January this year, Fosun's domestic entity obtained a syndicated loan of RMB12 billion.
  • Meanwhile, in the first quarter of 2023, Fosun High Technology successfully redeemed RMB5.93 billion bond in the domestic open market.

Fosun Receives RMB12 Billion Syndicated Loan from 8 Banks to Jointly Promote Development of the Private Economy

Retrieved on: 
Wednesday, January 18, 2023

As a representative enterprise of China's private sector rooted in Shanghai, Fosun hopes to take this signing as an opportunity for government, banks and enterprises to jointly promote development of the private economy.

Key Points: 
  • As a representative enterprise of China's private sector rooted in Shanghai, Fosun hopes to take this signing as an opportunity for government, banks and enterprises to jointly promote development of the private economy.
  • Guo Guangchang expressed his gratitude to the eight banks for their long-term trust and support to Fosun.
  • He said that this signing has further deepened the cooperation between Fosun and banks, broadened financing channels, and consolidated liquidity support for business development.
  • Founded in 2005, Fosun High Technology is the domestic operating entity of Fosun International Limited ("Fosun International", HKEX: 00656) and is mainly responsible for Fosun International's domestic industry operations.

Fosun Receives RMB12 Billion Syndicated Loan from 8 Banks to Jointly Promote Development of the Private Economy

Retrieved on: 
Monday, January 16, 2023

As a representative enterprise of China's private sector rooted in Shanghai, Fosun hopes to take this signing as an opportunity for government, banks and enterprises to jointly promote development of the private economy.

Key Points: 
  • As a representative enterprise of China's private sector rooted in Shanghai, Fosun hopes to take this signing as an opportunity for government, banks and enterprises to jointly promote development of the private economy.
  • Guo Guangchang expressed his gratitude to the eight banks for their long-term trust and support to Fosun.
  • He said that this signing has further deepened the cooperation between Fosun and banks, broadened financing channels, and consolidated liquidity support for business development.
  • Founded in 2005, Fosun High Technology is the domestic operating entity of Fosun International Limited ("Fosun International", HKEX: 00656) and is mainly responsible for Fosun International's domestic industry operations.

Fosun Receives RMB12 Billion Syndicated Loan to Consolidate Capital for Business Development

Retrieved on: 
Tuesday, January 17, 2023

According to the Company's official release, Guo Guangchang, Chairman of Fosun International said that this signing has further deepened the cooperation between Fosun and banks, broadened financing channels, and consolidated liquidity support for business development.

Key Points: 
  • According to the Company's official release, Guo Guangchang, Chairman of Fosun International said that this signing has further deepened the cooperation between Fosun and banks, broadened financing channels, and consolidated liquidity support for business development.
  • Before the RMB12 billion syndicated loan was officially completed, on 13 January, Fosun High Technology successfully completed bookbuilding for the RMB1 billion super & short-term commercial paper "23 Fosun High Technology SCP001" with a term of 180 days and a coupon rate of 6.99% per annum.
  • The super & short-term commercial paper is Fosun High Technology's first issuance since its return to the public market at the end of April 2022.
  • In addition to this syndicated loan and the super & short-term commercial paper, Fosun's capital has been further consolidated.