China Everbright launches of a dual-currency Everbright Belt & Road Green fund
24 Apr, 2020 11:02
source: Singularity Financial
Singularity Financial Hong Kong April 24, 2020 – by Zohar Lee
On April 23, Hong Kong-based financial conglomerate China Everbright Limited has launched a new private equity fund to raise an aggregate of 20 billion yuan ($2.82 billion) to finance environmental and sustainable businesses across countries and regions along China’s Belt and Road Initiative.
The Everbright Green Investment Fund will focus on ecological environmental protection and green development, as well as focusing on China and markets along the “Belt and Road” route. While exploring diverse investment models, the Fund will invest in enterprises relating to green environment, green energy, green manufacturing and green living, among others.
Wang Tianyi, CEO of Everbright International, spoke of an “urgent need” for the industry to adopt “practices in pursuit of green development, as well as ecological environmental protection.”
He added that the Everbright Green Investment Fund is an official outcome of the Second Belt and Road Forum for International Cooperation.
“The company will provide feasible advice and full support to Everbright Green Investment Fund, and contribute to the improvement of ecological environmental management proficiency in the ‘Belt and Road’ countries and regions,” he added.
“Everbright International will consider its participation in Everbright Green Investment Fund an opportunity to further diversify its financing channels, enrich the market expansion methods and boost its market position, in an effort to strongly support the company’s implementation of its long-term development strategy.”
China Everbright Limited is a Hong Kong based financial services company in asset management, investment and merchant bank in the Greater China region, including Mainland China and Hong Kong. It is part of the China Everbright Group, a state-owned enterprise operated under the supervision of the State Council of the People’s Republic of China (via Central Huijin Investment and the Ministry of Finance).
China Everbright Limited is considered a red chips on the Hong Kong Stock Exchange, which refers to the companies incorporated outside mainland China but whose main business is based in mainland China.