Core Insights - The era of "non-standard corporate loans" has effectively ended due to upgraded bank risk control systems that can easily identify fraudulent packaging behaviors [2][5][8] - Companies previously relied on various financing tricks, such as exploiting tax report timing differences and creating fictitious business operations, to secure loans [1][3][5] - The current financial landscape demands sustainable financing capabilities rather than one-time loan approvals, emphasizing the importance of real operational data [6][8] Group 1: Challenges Faced by Companies - Many companies turned to "non-standard" paths due to poor real operating data, lack of knowledge about formal financing channels, and misleading information from packaging companies [5][6] - The risk of being labeled as fraudulent can severely limit a company's future financing opportunities, potentially for several years [2][5] Group 2: Financial Institutions' Response - Financial institutions are focusing on identifying genuinely operating businesses rather than applying a blanket rejection to all suspicious entities [7][8] - The development of intelligent risk control systems is crucial for accurately identifying quality clients while preventing fraud [7][8] Group 3: Proposed Solutions - The concept of "real operational capability" is introduced to enhance sustainable financing competitiveness for companies through data empowerment and financial structure optimization [6][8] - Financial institutions are encouraged to utilize multi-dimensional data analysis to create models that assess the real operational status of businesses, thereby identifying potential and creditworthy small and medium enterprises [8][9]

Core Viewpoint - Far East Horizon (03360) announced the issuance of private placement notes totaling 8 billion Japanese yen, which are exempt from registration requirements under securities laws [1] Group 1 - The company plans to utilize the net proceeds from the issuance of the notes for financing and/or refinancing green projects and social projects in accordance with its sustainable financing framework [1]

Core Viewpoint - Far East Horizon (03360.HK) announced the issuance of private placement notes totaling 8 billion Japanese yen, which are exempt from registration requirements under securities laws, aimed at financing green and social projects [1] Group 1 - The company has extracted funds according to its sustainable financing framework [1] - The total face value of the notes issued is 8 billion Japanese yen [1] - The proceeds will be used specifically for financing and/or refinancing green and social projects [1]

Core Insights - Fitch Ratings has issued a second-party opinion on the sustainable financing framework of Shangrao Investment Holding Group Co., Ltd., deeming it "good" and compliant with various international standards [2][3]. Group 1: Sustainable Financing Framework - The framework aligns with the Green Bond Principles, Social Bond Principles, and Sustainable Development Bond Guidelines published by the International Capital Market Association (ICMA) [2]. - It also adheres to the Green Loan Principles and Social Loan Principles jointly published by the Loan Market Association (LMA), the Loan Syndications and Trading Association (LSTA), and the Asia Pacific Loan Market Association (APLMA) [2]. - Shangrao Investment Group can issue green, social, and sustainable development bonds and loans under this framework, with eligible green categories including green buildings, energy efficiency, renewable energy, sustainable water and wastewater management, clean transportation, pollution prevention, and climate change adaptation [2]. Group 2: Project Evaluation and Reporting - Fitch Ratings positively evaluated the multi-tier project assessment and selection process of Shangrao Investment Group, which involves a cross-departmental project working group and the board of directors [3]. - The company commits to annual reporting on fund allocation and impact before full allocation, with information and impact metrics disclosed at the portfolio level by project category [3]. - Eligible projects are expected to contribute to several United Nations Sustainable Development Goals, including good health and well-being, quality education, clean water and sanitation, affordable and clean energy, industry, innovation and infrastructure, sustainable cities and communities, responsible consumption and production, and climate action [3].

Core Insights - Hong Kong Mortgage Corporation Limited successfully issued its third batch of infrastructure loan-backed securities through a special purpose vehicle, Bauhinia ILBS 3 Limited, indicating a commitment to developing this asset class [1] - The issuance attracted strong demand from both new and existing investors, highlighting growing interest in infrastructure loan-backed securities and their benefits [1] - The Asian Infrastructure Investment Bank (AIIB) invested a total of $300 million in the mortgage corporation's infrastructure loan-backed securities, reinforcing its goal of bringing private capital into the infrastructure sector [2] Group 1 - The Bauhinia 3 issuance involves 33 projects and infrastructure debt across 12 countries, totaling approximately $450.5 million [2] - The issued notes are divided into five tranches, with a total value of $427.9 million, and are listed on the Hong Kong Stock Exchange [2] - The capital structure includes $117 million in sustainable financing notes, aligning with international green bond principles [2] Group 2 - Standard Chartered Bank acted as the sole global coordinator for the issuance, with several banks serving as joint bookrunners and a deputy underwriter [3]

Core Points - The third United Nations conference on landlocked developing countries concluded in Turkmenistan, focusing on enhancing cooperation among landlocked nations and addressing their economic, social, and environmental challenges [1][2] - UN Secretary-General António Guterres highlighted the funding shortages faced by many developing countries and called for inclusive mechanisms to ensure equitable access to technological advancements for landlocked nations [1] - The conference resulted in two key documents: the "Awaza Action Program 2024-2034" and the "Awaza Political Declaration," aimed at improving transportation systems, diversifying economies, enhancing climate resilience, and attracting sustainable financing [1] Industry Insights - There are currently 32 countries recognized by the UN as landlocked developing countries, which face logistical bottlenecks and high transportation costs due to their lack of direct access to international shipping routes [2] - The conference is seen as a significant step towards enabling landlocked countries to overcome geographical constraints and leverage trade and innovation for development opportunities [2]

2023 Interim Results 22 August 2023 Agenda | Opening Remarks | Vincent Lo | | --- | --- | | | Chairman | | Business Review and | Stephanie Lo | | Outlook & Strategy | Executive Director, Shui On Land | | | Vice Chairman, Shui On Xintiandi | | Key Financial Highlights | Douglas Sung | | | CFO & CIO, Shui On Land | | Property Sales & Development | Jessica Wang | | | CEO, Shui On Land | | Shui On Xintiandi | Allan Zhang | | | CEO, Shui On Xintiandi | Resilient Performance Amidst Challenging Environment ▪ Geopo ...