Green Bond Fact Sheet

China Zheshang BankDate: 23/09/2019

Issue date: 20-09-2019 Maturity date: 16-09-2022 Tenor: 3Issuer Name

China Zheshang Bank

Amount Issued

CNY5bn/USD704m

Country of risk

China

CBI Database

Included

Issuer Type1

Financial corporate

Bond TypeGreen Bond

Green Bond Framework

N/A

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☐ 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 emission
vehicles☐ 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
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☒ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☒ 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

The issuer will disclose post issuance report on the allocation of proceeds and the climate
and environmental impact achieved by this bond at least quarterly.
China Zheshang Bank (“CZBank”) is one of the 12 national joint-stock commercial banks
approved by the China Banking and Insurance Regulatory Commission (“CBIRC”). As ofDecember 31, 2018, CZBank had established 242 branch outlets, effectively covering theYangtze River Delta, the Bohai Rim, the Pearl River Delta and certain areas in Central andWestern China.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Underwriters

All proceeds will be allocated to 11 projects under 5 categories that are eligible in PBoC’s
green bond catalogue, including three solar farms (renewable energy category); a
wastewater treatment project (pollution prevention) that is expected to reduce COD by
16,425 tons/year and BOD by 6,387tons/year, waste to energy plant, a land remediation
project, and 4 in clean transport: 3 metro construction and extension projects and a
programme to finance the purchase of more than 2,000 LNG and electric buses.
This is another example of green bond issuance from a regional commercial bank in China.
The issuer has provided detailed information on the use of proceeds and expected climate
and environmental impact which follows PBoC’s green bond guidelines and green bondprinciples. We hope to see more green bonds with the same level of clarity andtransparency.
China Merchants Bank, Industrial Bank, China Bohai Bank, CITIC Securities

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