DBS Hong Kong and CR Micro set green benchmark in China’s microelectronics industry with ESG-linked loan | 繁體

Hong Kong.11 Apr 2022.3 min read
Hong Kong, 11 Apr 2022 - DBS Bank Ltd., Hong Kong Branch (“DBS Hong Kong”) recently entered into its first ESG-linked loan agreement with China Resources Microelectronics Limited (“CR Micro”) (SSE Stock Code: 688396), a leading high-tech enterprise specialising in power semiconductors and intelligent sensors. This is CR Micro’s first ESG-linked loan and the second between DBS Hong Kong and China Resources Group, the holding company of CR Micro.

The HK$1 billion three-year bilateral loan, for which DBS Hong Kong will act as the sole lender, will be utilised to refinance CR Micro’s existing HK$1.6 billion term loan facility dating back to 2019. By meeting the loan’s sustainability-related performance targets including reduction in energy consumption, Volatile organic compounds (VOCs) and carbon dioxide emissions, CR Micro is on track towards its social responsibility goal in creating a green environment.

On top of serving as one of China Resources Group’s top offshore bankers for over 15 years, DBS Hong Kong has been building a strong rapport with other CR entities across different industries, such as real estate, power and gas, food and beverage as well as chemicals via a full range of products that include corporate loans, M&A financing and bond issuances. The loan with CR Micro is set to strengthen the ongoing relationship between both parties as they move full steam ahead in their sustainability journey.

Alex Cheung, Managing Director and Head of Institutional Banking Group of DBS Hong Kong, said, “We are proud to offer CR Micro its first ESG-linked loan to help accelerate its efforts to reduce carbon footprint. DBS Hong Kong hopes to continue building on our relationship with China Resources Group, a Fortune Global 500 company, as it contributes towards China’s carbon neutrality goal by 2060.”

Wu Guoyi, Director and CFO and Board Secretary of CR Micro, said, “The successful issuing of the ESG-linked loan by DBS Hong Kong reflects CR Micro's determination to promote sustainable development and recognises our contribution to ESG. Going forward, CR Micro will continue to advance the implementation of ESG management in a bid to help promote China’s national dual carbon goals.”

 DBS Hong Kong entered into its first HK$1 billion ESG-linked loan agreement with China
Resources Microelectronics Limited, setting a green benchmark in China’s microelectronics industry.


About DBS 

DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 13 consecutive years from 2009 to 2021.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

About CR Micro

Being subordinate to China Resources Group, China Resources Microelectronics Limited is a high-tech enterprise engaged in investment, development, operation and management of microelectronics business, and has successively integrated some Chinese semiconductor pioneering companies such as Huake Electronics, China Huajing and CSNC Technology. After several years' development and a series of integration, CR Micro has become a comprehensive semiconductor enterprise with great influence in China.

CR Micro is a Chinese leading semiconductor enterprise capable of integrated operation of the whole industrial chain such as IC design, wafer manufacturing, package test and so on. CR Micro can independently design products and keep the manufacturing process controllable. In addition, CR Micro has possessed strong capability in product technology and manufacturing process in the fields of discrete devices and integrated circuits and has formed advanced product lines with special process and seriation.

CR Micro focuses on the fields of power semiconductors and intelligent sensors, and provides customers with serialized semiconductor products and services. In future, CR Micro will take its own core advantages, improve the core technologies and integrate the internal and external resources, so as to continuously promote the enterprise development, further transform ourself to a comprehensive and integrated product company, solutions on power semiconductors and to be the global leader in power semiconductor and intelligent sensor.