New World’s first green loan of 3.6 billion

New World Development (00017) yesterday launched the “Green Finance Framework" to launch eligible green bond or loan investment eligible sustainable development projects through this framework. The first batch of green loans is a large-scale commercial reconstruction project at King’s Road in North Point. The investment of about 3.6 billion yuan is expected to be completed next year.

Executive Vice President and General Manager Zheng Zhigang stated that the King’s Road commercial reconstruction project will set a new standard for sustainable development in the future. This year, it successfully converted its 5-year loan into a green loan, reflecting that the Group is an eco-friendly development. Business, is committed to creating a construction environment for users to take care of physical and mental health and well-being.