China Everbright is a Hong Kong-based financial services firm specialised in asset management investment and merchant banks. The Everbright Belt & Road Green Fund is established with a focus environment-friendly development and protection, media reports said.

It will invest in companies associated with green energy, green manufacturing, green living, and other forms of environmental development. Wang Tianyi, CEO of Everbright International, told the media, “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. 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.”

It is reported that the Everbright Belt & Road Green Fund is a result of the Second Belt & Road Forum for International Cooperation. The pandemic is anticipated to affect China’s Belt and Road initiative as the project might remain incomplete or be fully abandoned if uncertainties around Covid-19 continue. This initiative aims to establish a link between China and the rest of Asia, Europe, and beyond. The idea is to promote trade between these countries through a network of rail, road, and ports.

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The bank and Haier’s relief efforts in digital financing are aimed to help many businesses to cope with challenging times. Many of those businesses are small and medium-sized businesses in the region. With the new financing facility, Haier’s clients can seamlessly access low-cost financing using a digital medium.

John Laurens, group head of global transaction services at DBS Bank, told the media, “Providing financial sustenance to SMEs that form the commercial ecosystems of large corporates is of utmost importance in this unprecedented global trade situation. The DBS-Haier digital financing solution ensures that supply chains continue to operate in the face of disruptions.”

It is reported that DBS is the first and only non-Chinese bank appointed by Haier for its digital financing facility. China Everbright, Bank of Shanghai and MYBank are the other three participating banks in Haier’s digital financing facility, media reports said

Previously, the bank has worked with a number of significant Chinese clients on digital distributor financing facilities.

Last September, the bank launched its first multi-tier financing facility on Rong-E Lian, a logistics blockchain-based platform. The platform was developed in partnership with a Chinese logistics giant. “The speed of financing gives businesses a fighting chance to tide through the downturn and emerge more resilient to ride the economic upturn when it returns,” Laurens told the media.

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