Recently, CR Capital MGMT has proudly received three accolades at the Hong Kong Quality Assurance Agency (HKQAA)’s 2024 Hong Kong Green and Sustainable Finance Awards, marking a first-time achievement that underscores CR Capital MGMT’s leadership and expertise in green and sustainable finance, as well as its ongoing commitment to environmental, social, and governance (ESG) initiatives.
The awards recognized CR Capital MGMT for excellence as the The awards recognized CR Capital MGMT for excellence as the Outstanding Green and Sustainable Loan Issuer (Asset Management) for the Largest Portfolio Green Loan. Furthermore, Qin Feng, General Manager and CEO of CR Capital MGMT, was named Outstanding Leader in Green and Sustainable Finance Development, while Cai Dameng, Managing Director of CR & CNIC Investment Ltd., was honored as the Outstanding Strategist in Green and Sustainable Finance Development.
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CR Capital MGMT recently spearheaded the securing of £280 million in bilateral bank loans under a green and sustainable finance framework, in partnership with its investment platform. This SONIA-based, unsecured credit loan represents CR Capital MGMT’s first green financing to obtain the Second Party Opinion (SPO) reports from both HKQAA and S&P Global Ratings.
“Our sincere gratitude goes to the HKQAA for this recognition of CR Capital MGMT and our subsidiary platforms’ achievements in ESG and sustainable finance,” said Qin Feng, General Manager and CEO of CR Capital MGMT, “Personally, I am deeply honored by HKQAA’s recognition of my work in the sector. CR Capital MGMT remains committed to sustainable development, consistently fulfilling our responsibilities as a central enterprise in Hong Kong, supporting the group’s strategic initiatives, and embracing a long-term vision to help establish Hong Kong as a leading green finance hub.
“Operating as both the strategic emerging industry investment and industrial fund management platform of China Resources Group, CR Capital MGMT plays a key role in advancing the group’s strategy for emerging industries. Serving national strategic priorities and managing state-owned assets, CR Capital MGMT is tasked with balancing economic returns with social responsibility. As the Corporate Venture Capital arm of China Resources Group, CR Capital MGMT is dedicated to advancing Hong Kong’s innovation and ESG-focused financial development.”
Cai Dameng, Managing Director of CR & CNIC Investment Ltd., added, “As our overseas investment platform, CR & CNIC leverages our group’s robust industry chain to support global investments and acquisitions. Since its founding, CR Capital MGMT has been based in Hong Kong and adheres to ESG and green finance principles. Following our first green syndicated loan under a green finance framework in 2022, we have now achieved green financing certified by HKQAA and S&P Global Ratings. It has been a privilege to lead and witness these significant milestones.”
“Looking ahead, CR & CNIC will further the group’s strategic initiatives by prioritizing investments in emerging industries and sustainable production capacities, thereby contributing to the group’s growth while upholding its social commitments. In this spirit, we extend our best wishes to HKQAA on its 35th anniversary and look forward to its continued success.”
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About the Hong Kong Green and Sustainable Finance Awards
In October 2024, HKQAA celebrated its 35th anniversary with a commemorative forum and awards ceremony. The 2024 Hong Kong Green and Sustainable Finance Awards recognize organizations for their contributions to green and sustainable finance, carbon neutrality, climate risk and ESG disclosure, promoting sustainable development across business and society.
