China: JC Leasing Green and Blue Loan

approved

The Project encompasses a 5-year senior loan of up to USD100 million equivalent in CNY (AIIB Loan) to JC International Finance & Leasing Co., Ltd. (JC Leasing, or the Borrower) to help grow its green and blue finance portfolio in China (the Project). The financing will be aligned with the Green Loan Principles (GLP) of the Loan Market Association (LMA) to ensure transparency in use of proceeds, monitoring, and reporting. The Project is dedicated to proactively expanding JC Leasing's climate ambition into broader green assets and enhancing the contribution from China's non-bank financial institution (NBFI) sector to climate change mitigation. In the proposed Project, AIIB is partnering with the International Finance Corporation (IFC) to jointly support the Borrower. While part of the AIIB Loan proceeds is expected to support eligible ‘green' activities (such as energy efficiency, clean transport, and renewable energy), the other part of loan proceeds will be earmarked for eligible ‘blue' activities (such as water supply and water sanitation). Blue finance is an emerging area in climate finance with increasing interest from investors, financial institutions, and issuers globally. This financing will mark AIIB's first blue loan globally.