CHUEE leverages the interests of three distinct industries to generate investment through multiple marketing channels.
- Local financial institutions will be invited to partner with the Program.
- Energy utilities will be one of the primary marketing partners for the Program.
- Reputable energy efficiency equipment and service providers will be recognized as key partners to reach eligible borrowers.
Industrial Bank
Industrial Bank Co., Ltd. is CHUEE’s initial financial institutional partner. It was one of the first batch of joint-stock commercial banks approved by the State Council and the People's Bank of China, and one of the 14 nationwide commercial banks. Its main business activities include: deposit taking; provision of loans; local and international payment and settlement; bills acceptance and discounting; issuing of financial bonds; agency issuing, cashing and underwriting of government bonds; purchase and sales of government bonds and financial bonds; inter-bank placement and borrowing; services or agency service in trading of foreign currencies; bank card business; provision of letter of credit and guarantee facilities; agency collections and payments; agency sales of insurance; safe-box service; settlement and sales of foreign currencies; underwriting of short-term financing bonds; fund custody service; trading of financial derivative products, and other banking activities approved by the China's Banking Regulatory Commission (CBRC); and all-round financial servicse for clients within the above mentioned scope.
XinAo Gas
XinAo (China) Gas Investment Co., Ltd. is CHUEE’s initial energy utility partner. It is 100 percent owned by Xinao Gas Holdings Limited and is responsible for managing Xinao Gas Holdings Limited’s investments in China’s gas industry. Xinao’s scope includes investing in gas, electric and water utilities and other urban infrastructure, together with providing support and service to companies it invests in. Xinao operates under government gas distribution concessions in 57 cities serving over 35 million people, primarily in middle-size cities in central and eastern China. Xinao estimates that the total demand for energy efficiency equipment financing in just four of its regions alone is in the range of 600-800 million RMB ($70-95 million).
Bank of Beijing
Bank of Beijing, one of the 100 plus city commercial banks (CCBs) in China, is now the first CCB partner of IFC CHUEE program. Founded on January. 8, 1996, BOB has evolved into a modern joint-stock commercial bank with equity investments from overseas investors and many well-known Chinese companies. Its operations include 125 business outlets in Beijing and one branch in Tianjin city.
Bank of Beijing is committed to provide unique SME financing services. To accommodate various financing needs from the small and medium enterpresies in different development cycle or in different industry, BOB offers a “Little Giant” financing program which consists of four product lines, namely “Rongchuangtong”, “Jishiyu”, “Xinbaodai” and “Zhuyeqiao”. This program won “the Best SME Financing Program” award from China SME Financing Forum in December 2006. Bank of Beijing was recognized by China Banking Regulatory Commission (CBRC) as the “Role Model for All Banking Financial Institutions in SME Lending in 2006”.
Shanghai Pudong Development Bank
Shanghai Pudong Development Bank, a joint-stock commercial bank founded on August 28, 1992 (known as SPD Bank for short), went listed in Shanghai Stock Exchange in 1999 (stock code: 600000). At present, SPDBank’s registered capital stands at RMB 5.66 billion yuan. Over the past decade, SPD Bank has adhered to the motto of “sticking to integrity and striving for excellence” and continuously developed its various banking businesses and enhanced its overall competence. By the end of 2007, its total assets stood at RMB 912.8billion yuan, outstanding balance of loans being RMB 551billion yuan and outstanding balance of deposits being RMB 762.1 billion yuan, making an after-tax profit of RMB 5.5 billion yuan. The bank has kept the 3rd place among national joint-stock banks in terms of comprehensive financial performance. A nationwide network was laid out with over 30 branches and 408 outlets in 49 cities plus a representative office in Hong Kong.
In July 2007 SPD Bank was ranked No.191 in terms of Tier 1 capital by the British Banker magazine among top 1000 banks around the world. In September, SPD Bank was ranked the 2nd among the 3 Strongest Local Banks by Asianbanker. In November, the bank was awarded Best Discretion in Business in the rating of 'The 10 Most Competitive Commercial Banks in Asia. In October, the bank won the award of Best CSR Practice issued by American Chamber of Commerce in Shanghai. In December, the bank received the honor of 'The Most Socially Responsible Corporation' at the 3rd China CSR International Forum.
