Harbin Bank Pioneers City's First Water Conservation Loan

Stock News
Feb 13

Harbin Bank (06138) has successfully launched the first "Water Conservation Loan" project in Harbin City, providing a special loan of 380 million yuan to Harbin Water Supply Group Co., Ltd. The funds are designated for the company's water-saving technological transformation and equipment upgrades, aimed at comprehensively improving urban water resource utilization efficiency and the water supply system's capacity for conservation and reduced consumption. This initiative promotes the upgrading of the city's water supply infrastructure. The implementation of this loan represents a key step by Harbin Bank in actively responding to the requirements outlined in the "Notice on Carrying out Water Conservation Loan Financing Services" jointly issued by the Heilongjiang Provincial Department of Water Resources and the People's Bank of China Heilongjiang Branch. It reflects deepened cooperation among government, banking, and enterprises, using green finance to precisely support the development of water conservation industries. With careful guidance and strong support from the Harbin Water Affairs Bureau and the People's Bank of China Heilongjiang Branch, Harbin Bank leveraged its three-tier head office-branch linkage mechanism to create a customized financing solution for Harbin Water Supply Group. The loan will be specifically used for the enterprise to purchase high-efficiency water-saving valves, smart water meters, leak-proof pipeline fittings, and other quality water conservation materials. It will also provide working capital support for the company's daily operations, marking an innovative practice in financial support for the water conservation sector. This initiative is an exploratory effort by the banking industry to practice sustainable development concepts and assist the growth of water conservation industries, offering new ideas for financial backing in this field. As the largest local corporate financial institution in Heilongjiang Province by scale, Harbin Bank consistently adheres to its local roots, integrating its own operations into the broader context of the regional economy and society. The bank is firmly committed to a "high-quality, sustainable" development path, continuously deepening and innovating in the green finance sector. Previously, the bank has launched several innovative green finance projects, including Harbin's first loan linked to both "carbon emissions and carbon credit," Heilongjiang's first "Longjiang Green Carbon" pledge loan, the province's first commercial bank loan for "ecological restoration of historically abandoned mines," and Heilongjiang's first biodiversity sustainability-linked loan. Through financial innovation, the bank continuously empowers regional green development. By the end of 2025, the bank's loan balance in the Heilongjiang region reached 234.9 billion yuan, injecting strong financial momentum into local economic and social progress.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10