Promoting the greening and decarbonization of economic and social development is the key to achieving high-quality development. COSCO SHIPPING Development continues to promote the strategic planning in four aspects, namely “green production, green business, green assets and green financing”, to promote green low-carbon transformation and development in an all-round way. Powchan, the company's equity participated by COSCO SHIPPING Development, actively promotes the inflow of capital into high-quality green, low-carbon and sustainable development industries, and through the organic integration of “green project + green financing”, it actively assists the transformation and upgrading of green industries.

Since the beginning of this year, Powchan has continued to implement the concept of green, low-carbon and sustainable development, and has been plowing into the green field of financial leasing business. On the one hand, the Company invited external experts to lecture on the development trend of green leasing and the specific mode of business development, and conducted in-depth discussions on the green leasing identification standards and related support policies. On the other hand, the Company actively optimizes the allocation of internal resources, strengthens the close synergy between the capital side and the business side, explores green financing methods and financing channels, improves the supply of green funds, and provides preferential policy arrangements in terms of cost.

Recently, Powchan has landed a number of green projects such as tram, new energy bus, photovoltaic power generation renovation of telecommunication base station room, centralized heating station of sewage heat pump, which further enriched the company's green leasing practice accumulation. In the capital side, following the first sustainable development linked to the successful landing of the syndicated loan, Powchan and the bank's bilateral cooperation of credit is also another good news, recently successfully approved a new special green line of credit, for the continued empowerment of the entity industry green low-carbon development laid the foundation for the funds.

In the future, Powchan will give full play to the attribute of “financing + physical financing”, based on the characteristics of the green leasing business, to build a more professional and efficient green leasing support mode, for the country's green and low-carbon development to see the effect of the line, contributing to the strength of Powchan.