On 18 October 2024, the Hong Kong Quality Assurance Agency (HKQAA) held the HKQAA 35th Anniversary Forum cum ‘Hong Kong Green and Sustainable Finance Awards 2024’ Award Presentation Ceremony at the JW Marriott Hotel in Hong Kong. Yuexiu Property was awarded the "Outstanding Award for Green and Sustainable Bond Issuer", "Leadership Award for Green and Sustainable Finance Development", and "Strategist Award for Green and Sustainable Finance Development" for its outstanding practices in promoting sustainable development and green finance.
Yuexiu Property Won Hong Kong Green and Sustainable Finance Award 2024
With the theme of ‘Sustainable Finance, ESG and Climate Resilience’, the Forum was officiated by Mr Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury of The Government of the Hong Kong Special Administrative Region as the officiating guest, and was supported by Mr Ban Ki-moon, former Secretary-General of the United Nations (2007-2016), to be the featured keynote speaker of the Forum. In addition, the Forum invited local and overseas political and business leaders, experts and academics to share their experiences and insights on sustainable finance, ESG and climate resilience strategies. The event attracted more than 800 senior executives from government departments, regulatory organisations, Chinese and foreign banking and financial institutions, business associations, academic institutions and green groups.
Group photo of guests at the Forum and Award Ceremony
The Hong Kong Green and Sustainable Finance Awards was established by the HKQAA for five consecutive years since 2020 to recognise the contribution of issuers, banks and service providers in the issuance of green or sustainable financial instruments. The Hong Kong Green and Sustainable Finance Awards 2024 recognise issuers and financial institutions that have made outstanding contributions to the issuance of green and sustainable bonds, loans or other financial instruments during the period from 1 November 2023 to 31 August 2024, with the aim of encouraging the issuance of more green and sustainable financial instruments, and supporting the development of Hong Kong as a green and sustainable financial hub in the region.
Yuexiu Property won the Outstanding Award for Green and Sustainable Bond Issuer for its outstanding contribution to the field of green finance in 2024; Mr Michael Jiang, Assistant President of Yuexiu Property, won the Leadership Award for Green and Sustainable Finance Development; and Mr Ben Zhang, Financial Management Center and Capital Department Vice General Manager of Yuexiu Property, won the Strategist Award for Green and Sustainable Finance Development.
Outstanding Award for Green and Sustainable Bond Issuer and Leadership Award for Green and Sustainable Finance Development
In 2024, Yuexiu Property established its first Sustainable Finance Framework, which is planned to finance projects, assets and developments that align with the company’s sustainability vision and strategy through sustainable financing transactions. Yuexiu Property successfully issued RMB 1.690 billion 3-year offshore dim sum bonds on July 5, 2024 with coupon rate of 4.10%. This issuance is the first ever green bond issuance of Yuexiu Property. The equivalent amount of the proceeds will be fully allocated to Yuexiu Property's eligible green projects, including green buildings that meet the China Green Building Three Star Standard. This green bond has also successfully obtained the Green and Sustainable Finance Certification from the Hong Kong Quality Assurance Agency.
Looking ahead, Yuexiu Property will continue to uphold its corporate mission of ‘Where Good Living Starts’, actively apply green and sustainable financial instruments, promote business transformation in a green direction, and contribute to the low-carbon development of the real estate industry. We will continue to explore and practice innovative carbon reduction initiatives and make unremitting efforts to build a more sustainable future.