📋 Tender Overview
Project Number
50057
Company Name
HAIER FINANCIAL SERVICES CO., LTD.
Date SPI Disclosed
Jul 17, 2025
Country
China
Region
East Asia and the Pacific
Projected Board Date
Oct 10, 2025
Environmental Category
FI-2 - Limited
Status
Pending Approval
Last Updated Date
Department
Regional Industry - FIG Asia & Pac
Industry
Financial Institutions
Sector
Other Non-Banking Financial Institution (NBFI)
Project Description
The proposed investment is an up to 5-year senior syndicated sustainability loan to Haier Financial Services Co., Ltd. ( Haier Leasing or the Company ), an existing IFC client in China. IFC’s support to the Company is aligned with the WBG’s strategic framework, including the evolution roadmap and WBG’s renewed focus on jobs as a pathway to poverty reduction, community empowerment, and economic stability. By helping Haier Leasing grow its sustainable finance portfolios ( the Project ), the proposed investment aims to promote private sector-led job creation in China’s frontier regions, expand financial inclusion for underserved population, mobilize private commercial financing, and support climate-resilient development to promote climate-smart agricultural practices, reduce greenhouse gas emissions and energy consumption. The proposed investment comprises (i) IFC A loan of up to US$100 million equivalent, and (ii) IFC syndicated loan of up to US$100 million equivalent. 50% of the proposed IFC investment will be used to help Haier Leasing grow its social finance portfolio, especially women-led enterprises, in frontier regions in China to support job creation. The remaining 50% of the proposed IFC investment is earmarked for climate finance. The proposed investment will be aligned with the Social Loan Principles (SLP) and Green Loan Principles (GLP) of the Loan Market Association (LMA) to ensure transparency in the use of proceeds, monitoring, and reporting.
Associated Advisory Engagement
IFC Advisory Team will support the Company in (i) based on its Social Bond Framework, developing a Sustainability Finance Framework in line with the relevant international best practices such as SLP/GLP of the LMA and Social Bond Principles (SBP)/ Green Bond Principles (GBP) of the International Capital Market Association, (ii) providing technical advice to support the client to implement the Framework. (iii) conducting a baseline assessment of eligible activities, (iv) identifying eligible climate finance projects, with a particular focus on methane abatement measures, biodiversity finance, circular economy, and (iv) enhancing its Environmental and Social Management System (ESMS) and impact management system.
