Chinachem Group Pioneers Asia’s First Triple-Themed Syndicated Loan
Accelerating Green Buildings & Socially Inclusive Urban Development
24 April 2025
Chinachem Group seals a key financial partnership with Bank of China (Hong Kong) Limited, DBS Bank Hong Kong, Hang Seng Bank Limited, and The Hongkong and Shanghai Banking Corporation Limited at the Signing Ceremony of the HK$8,000,000,000 Green, Social and Sustainability-Linked Syndicated Loan in Hong Kong on 24 April 2025. Front row (from left): Benjamin Li, Assistant General Manager, Head of Business, Syndicated Finance Division, Global Corporate Banking Department of Bank of China (Hong Kong) Limited; Angus Wong, Managing Director, Wholesales Client Coverage of Hang Seng Bank Limited; Ricky Tsang, Executive Director and Chief Financial Officer of Chinachem Group; Sunny Poon, Managing Director, Head of Corporate Banking and Head of Credit & Lending, Commercial Banking of The Hongkong and Shanghai Banking Corporation Limited; Hamza Mahfooz, Executive Director, Team Lead of Real Estate, Institutional Banking Group of DBS Bank Hong Kong. Back row (from left): Winnie Chan, Assistant General Manager, Head of Global Business Division 1, Global Corporate Banking Department of Bank of China (Hong Kong) Limited; Regina Lee, Head of Commercial Banking of Hang Seng Bank Limited; Andy Cheung, Executive Director and Chief Executive Officer of Chinachem Group; Peter Brien, Chairman and Independent Non-Executive Director of Chinachem Group Holdings Limited; Frank Fang, Head of Commercial Banking, Hong Kong & Macau of The Hongkong and Shanghai Banking Corporation Limited; Tracy Pau, Executive Director, Segment Head of Real Estate, Institutional Banking Group of DBS Bank Hong Kong.
Chinachem Group ("CCG") announced today the successful closure of an HK$8 billion syndicated loan facility (“the Facility”), marking its debut syndicated loan and establishing a new benchmark for sustainable finance in Asia. As the region’s first syndicated loan to combine green, social and sustainability-linked components, the Facility garnered exceptional market reception, with final commitments from 12 leading international, regional and local banks, oversubscribed by over 2.5 times the initial target.
The overwhelming responses reflect CCG’s exceptional financial position and strong corporate governance, which secure unwavering support and confidence from our banking partners despite the prevailing cautious market environments and geopolitical tension. With the new financing secured, CCG’s financial and liquidity position is further bolstered, enabling it to continue investing, driving growth, and delivering sustainable long-term value.
Adding to the enhanced financial strength, the innovative financing structure of the Facility also reinforces CCG’s position at the forefront of responsible development while creating a replicable model for aligning financial instruments with sustainable urban transformation.
Peter Brien, Chairman and Independent Non-Executive Director of Chinachem Group Holdings Limited, says, “This triple-themed Facility exemplifies our vision of building sustainable legacies – where environmental stewardship, social responsibility and financial performance converge. It directly accelerates our CCG 3050+ carbon reduction roadmap, which commits by 2030 to reduce carbon intensity by at least 51.8% from our 2020 baseline. By aligning financing with measurable sustainability outcomes, we’re institutionalising responsible development at every level of our business.”
Andy Cheung, Executive Director and Chief Executive Officer of Chinachem Group, says, “The overwhelming support from our banking partners demonstrates our shared commitment to future-proofing Hong Kong’s development. The Facility provides both the capital and accountability framework we need to deliver lasting value – for our stakeholders, our communities and our urban environment.”
The Facility operates under CCG’s enhanced Sustainable Finance Framework, fully aligned with the “Hong Kong Taxonomy for Sustainable Finance” published by the Hong Kong Monetary Authority.
The Facility is backed by:
Mandated Lead Arrangers and Bookrunners
1. Bank of China (Hong Kong) Limited
2. DBS Bank Hong Kong
3. Hang Seng Bank Limited
4. The Hongkong and Shanghai Banking Corporation Limited
Mandated Lead Arrangers
5. Fubon Financial Holding Co., Ltd.
6. Bank of Communications (Hong Kong) Limited
7. Industrial Bank Co., Ltd., Hong Kong Branch
Lead Arranger
8. OCBC Bank (Hong Kong) Limited
Arrangers
9. Bank of East Asia
10. China Everbright Bank Co., Ltd., Hong Kong Branch
11. Chiyu Banking Corporation Limited
12. Nanyang Commercial Bank, Limited
Facility Agent
Hang Seng Bank Limited
Sole ESG Coordinator
The Hongkong and Shanghai Banking Corporation Limited
Corporate Communications