Fujian Haixia Bank's Implementation Report on Sustainable Blue Economy Finance
Initiative in 2022
1.Practicing the concept of sustainable blue economy finance
Marine economy is the powerful driving force for high-quality development of Fujian Province. The core of sustainable blue economy contains marine ecological protection and sustainable development of marine economy. At present,Fujian is constantly upgrading the traditional marine industry,actively building the system of emerging industry, and promoting the sustainable development of marine economy.The development of blue economy can’t be achieved without financial support.In 2021,Our bank joined the United Nations Sustainable Blue Economy Finance Initiative. As the third commercial bank joined the Initiative in China ,our bank is devoted to make the marine finance take root, explore new modes of financial support for the development of blue economy,and practice the Concept of Blue Economy Financial actively.
On the morning of Feb 17,2022, the Provincial Marine Economy Project Financing Matchmaking Meeting was held in Fuzhou.
2.Promoting the development of sustainable blue economy finance
In order to boost the construction of marine economy and strengthen marine financial services, our bank tightly followes the strategic deployment of the provincial and municipal governments to build "Marine Fujian" and "Marine Fuzhou",focuses on the blue industry and regards Marine finance as the strategic direction for the distinctive and differentiated development of the whole bank. We have formulated The Marine Financial Development Plan 2023-2025, in which we clearly put forward the marine finance development goal and implementation path. By the end of 2022, the number of sea-related clients has increased by 78.73% compared with the previous year. The balance of sea-related loan has exceeded CNY 12.7 billion, increased by 48.8% compared with the previous year, accounting for 10.21% of general loans, with an increase of 2.19% compared with the beginning of the year.
3.Establish a comprehensive product system for marine finance
Combined with local resource endowment, the research on marine industry segmentation must be strengthened, due to the financial needs of marine enterprises, and the credit support for marine industry should be increased by creation of the exclusive and customized marine products applicable to different types and scenarios. The blue financial product system of "Hai Fu Tong" has been built, and more than 10 exclusive marine products have been launched, including "Sea Fishing Loan" and "Fish Supplement Loan" for pelagic fishery enterprises,"Sea Products Loan" for aquatic product processing and reprocessing enterprises,"Sea Shipping Loan" for marine communications and transportation enterprises, as well as retail products such as "Yellow Croaker Loan" and "Abalone Loan". At the same time, we established our internal performance indicator for marine finance,which will be involved to our branches’ individual performance. Meanwhile, the marketing guideline for marine finance, green channels and related promotion activity have been rolling out in order to increase the enthusiasm in branches’ business development.
Case: Our bank adhering to The Blue Finance Concept Of Sustainable Development continues to provide credit support to Fujian Shenfa Water Co., LTD.,who mainly engaged in the treatment of urban sewage, industrial sewage and household waste. The loan funds are mainly used for the sludge treatment system renovation project of sewage treatment plant in Kemen Economic Zone of Lianjiang County,effectively ensure the sustainable development of the marine environment in Luoyuan Bay. By the end of 2022, the company's loan balance at our bank was CNY 61.75 million in total.