Green Bond Fact Sheet

Huarong Xiangjiang Bank

Date: 15-Mar-2018

Issue date:15-Mar-2018 Maturity date: 15-Mar-2021 Tenor: 3Issuer Name

Huarong Xiangjiang
BankAmount Issued

CNY2.5bn (USD396m)

Country of risk

China

CBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeGreen Bond

Green Bond Framework

Link to GB Framework

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

EY

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☒ Onshore wind
☒ Offshore wind
☐ Geothermal☒ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☒ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☒ Transport☐ Electric vehicles☐ Low emissionvehicles☐ Bus rapid transit☐ Passenger trains☒ Urban rail

☒ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Water & wastewater☐ Water distribution☒ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☒ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☒ Other☒ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

Proceed allocation and impact reporting will be disclosed annually in thecompany’s green bond report.
Huarong Xiangjiang Bank Corporation Ltd. provides banking services. The Company
offers deposits, loans, money exchange, bank transfers, financial bonds,
international settlements, and other services.

Firsts, records andcertifications
Proceeds description

The green bond framework provides for allocation to clean energy, energy saving,
pollution prevention and adaptation, and all the categories are eligible under
PBoC’s green bond project catalogue. The issuer has disclosed examples of project
to be financed by this bond, including dredging to maintain the holding capacity ofa reservoir and construction of sewage treatment infrastructure.

Climate Bonds view

We strongly support clarity on the use of proceeds for each bond issued –particularly in the case of banks and local governments, who may have wideranging green bond frameworks. Ideally, transparency around funded projects
should be a feature of both issuance disclosure and post-issuance reporting.

Underwriters

Zhongtai, Guotai

Deal comments
Credit Rating

AAA (CCXI)

Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign