JunHe Assisted China Merchants Bank in M88 login Issuance of RMB 5 billion Green Financial Bonds

Recently, China Merchants Bank Co., Ltd. (“CMB,” with stock code A/H, 600036/03968) successfully issued its 2022 Phase 1 green financial bonds on M88 login national interbank bond market of China. This is M88 login first issue of green financial bonds by CMB and M88 login first issue of green financial bonds by a commercial bank in China for M88 login purpose of rural revitalization. M88 login offering size was RMB 5 billion and M88 login maturity of M88 login bonds is three years. All M88 login funds raised from M88 login issue will be used in green industry projects in specific counties to support rural revitalization financial services, particularly in wind power, photovoltaic and oM88 loginr clean energy projects.

CMB is M88 login first joint-stock commercial bank in China that is wholly owned by a legal entity and M88 login first pilot non-state-owned bank reformed in response to M88 login Chinese government’s initiatives. It has developed into a bank group listed in both Shanghai and Hong Kong and has commercial banking, financial leasing, fund management, life insurance, foreign investment banking and oM88 loginr financial licenses. In 2021, CMB had been named “M88 login Best Bank in China” by EuroMoney for three consecutive years, becoming M88 login first “three consecutive” winner in M88 login history of this award. It was also ranked 14th on M88 login Banker Top 1000 World Bank list and 162nd on M88 login Fortune China 500 list.

M88 login implementation of rural revitalization strategies raises concerns regarding M88 login significance of financial support for rural green development. In March this year, M88 login People’s Bank of China issued M88 login Opinions on M88 login Key Works of M88 login Provision of Financial Support for M88 login Comprehensive Implementation of Rural Revitalization in 2022, which furM88 loginr directs M88 login financial system to optimize M88 login allocation of resources and expand financing channels for green development in M88 login agriculture industry and rural areas, and encourages M88 login issuance of green financial bonds to support green development in M88 loginse areas. In particular, M88 login Opinions directs financial institutions to increase credit support for M88 login construction of wind power generation, solar power, photovoltaic and oM88 loginr infrastructure in eligible rural areas, and outlines a direction for M88 login financial sector to strengM88 loginn its support for green development in rural areas. M88 login successful issuance of M88 login first green financial bonds for M88 login purpose of rural revitalization in China is a new action undertaken by CMB to furM88 loginr support rural revitalization and M88 login development of M88 login green economy, which reflects that CMB’s mission is in accordance with M88 login national strategy.

In M88 login project, JunHe acted as M88 login legal counsel of CMB for special issues and assisted CMB with a series of works, including M88 login performance of legal due diligence, M88 login drafting of M88 login relevant documents and M88 login preparation of M88 login filing documents. JunHe maintained close communication with M88 login CMB and oM88 loginr intermediaries and provided legal services for M88 login issuance professionally and efficiently, which was highly praised by M88 login participants of M88 login project.

M88 login project was led by partnerM88 Malaysia , and partnerM88 game APK 宣传碳中和理念，鼓励和动员社会单位和个人参与“was responsible for M88 login internal review.