The Asian Infrastructure Investment Bank (AIIB) has signed a USD100 million (equivalent in CNY) green and blue loan to JC International Finance & Leasing Co., Ltd. (JC Leasing), a member of Legend Holdings Corporation. This is AIIB’s first “blue” loan, focused on ocean and coastal preservation and increasing access to clean water resources.
The loan will help grow JC Leasing’s green and blue finance portfolio in China, aligning with AIIB’s thematic priorities of Green Infrastructure and Private Capital Mobilization. Loan proceeds will support blue activities such as water supply and sanitation, along with green activities such as energy efficiency, clean transport and renewable energy.
“This ‘blue’ loan marks a significant milestone in the Bank’s efforts to support climate change mitigation and enhance clean water resources,” said Najeeb Haider, Director General of AIIB’s Project and Corporate Finance Clients Department (Global). “The inaugural venture highlights our dedication to pioneering innovative financing solutions in the climate sector. It sets a precedent for future blue finance initiatives, enhancing AIIB’s role in climate change mitigation and environmental sustainability.”
JC Leasing has a robust track record in the leasing industry across various sectors including advanced manufacturing, power and water supply, transportation, education, healthcare and social services. The AIIB loan will enable JC Leasing to expand its climate-focused initiatives, aiming to grow its climate leasing portfolio to about 15% by 2028.
The financing adheres to the Green Loan Principles of the Loan Market Association, ensuring transparency in use of proceeds, monitoring and reporting. AIIB is collaborating with the International Finance Corporation to jointly support JC Leasing.
About AIIB
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank dedicated to financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. Operational since January 2016 and boasting 109 approved members worldwide, AIIB is capitalized at USD 100 billion and Triple-A-rated by major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
