Based on its own green finance framework, Lianyungang Ganyu City Investment Development Group Co., Ltd. (the issuer) has successfully issued the first Yen-dominated green bond in China on April 26th, 2023, with an issuing scale of 5.8 billion Japanese yen and a bond term of 3 years. The bond is equipped with the second-party opinion by China Chengxin Green Finance International Co., Ltd. (CCXGFI). This bond also comes with other market benchmarking significances - it is also the first Yen-dominated bond from local SOE issuer, the first Documentary Structured Yen-dominated bond, and the first Yen-dominated bond listed on the Macao Stock Exchange.

CCXGFI provided the external assessment service following four dimensions aligned with the ‘Green Bond Principles 2021’ (including June 2022 Appendix 1), ‘Social Bond Principles 2023’, ‘Sustainability Bond Guidelines 2021', ‘Green Loan Principles 2023' and ‘Social Loan Principles 2023’: 

1. the alignment of the issuer’s green finance framework with the four core elements

2. the relevance of the issuer’s green finance framework with its overall sustainability strategy and policies

3. the possibility of achieving the estimated environmental benefits

4. the effectiveness of the issuer’s environmental and social risk management

The issuer plans to allocate the use of proceeds in areas comply with its green finance framework, including sustainable water and wastewater management, green building, and waste management, facilitating the achievement of Goal 6, 11, 12 under United Nation’s Sustainable Development Goals (SDGs). CCXGFI assigned the issuer with a SPO result of Gf-1, and concluded the alignment of the issuer’s green finance framework with the four core elements of the principles mentioned above.