Cathay United Bank Hong Kong Branch Wins Two Major Accolades at The Asset's Triple A Sustainable Infrastructure Awards

TAIPEI, July 4, 2025 /PRNewswire/ -- Cathay United Bank Hong Kong Branch (CUBHK) received two significant accolades at the Triple A Sustainable Infrastructure Awards 2025 held by The Asset in Singapore on July 2. Leveraging its extensive experience in green finance, CUBHK was awarded the Water Deal of the Year for extending a sustainability-linked loan (SLL) to Silver Dragon Water Supply Group and the Telecom Refinancing Deal of the Year for an SLL deal with Hong Kong Broadband Network. These recognitions affirm Cathay United Bank's outstanding performance and leadership in global sustainable finance and infrastructure development.

"In both award-winning sustainability-linked loans, CUBHK played crucial roles as the mandated lead arranger, bookrunner, and lead underwriter. This marks the first time CUBHK takes home two major accolades at the Triple A Sustainable Infrastructure Awards, and stands as international recognition of Cathay United Bank's outstanding dedication in the green finance sector," said Eric Liu, Chief Executive of CUBHK. "The SLL amounts in the first quarter of this year doubled compared to the same period last year. Looking ahead, we plan to further enhance the loan business to create more diverse ESG financing solutions. Our goal is not only to precisely meet client needs but also to expedite the transition to a low-carbon economy," the Chief Executive added.

For the Water Deal of the Year award, CUBHK acted as the mandated lead arranger for the sustainability-linked loan to Silver Dragon Water Supply Group. The Branch also partnered with the Hong Kong Quality Assurance Agency (HKQAA)^[1] to establish Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs) for the loan. Through extensive discussions, the three parties determined three actionable KPIs for the loan. In 2024, this SLL deal received the Outstanding Award for Green and Sustainable Loan Structuring Advisor (Water Supplies Industry) at the HKQAA's Hong Kong Green and Sustainable Finance Awards.

The Telecom Refinancing Deal of the Year award highlights CUBHK's bespoke sustainability-linked loan to Hong Kong Broadband Network. This landmark deal, tailored by CUBHK for the client, garnered strong market interest, attracting an oversubscription that increased the loan amount from an initial HKD 5.25 billion to an impressive HKD 6.75 billion – setting a strong precedent for sustainable transformation within Hong Kong's telecommunications sector and demonstrating Cathay United Bank's professionalism and influence in the Hong Kong financial market.

Keeping up with industry trends and the global economic landscape, Cathay United Bank has received numerous international accolades for its efforts to advance both domestic and international syndicated loan markets. Moving forward, Cathay United Bank will continue to build an ever-expanding Asian financial services network by enhancing service efficiency and expanding product offerings, aiming to become the primary financial strategic partner for clients in the Asian market.

[1]Established in 1989 as a non-profit-distributing organization by the Hong Kong Government, the Hong Kong Quality Assurance Agency (HKQAA) is dedicated to promoting good management practices and helping industries in the development of quality, sustainable, and responsible investments.

^[1]Established in 1989 as a non-profit-distributing organization by the Hong Kong Government, the Hong Kong Quality Assurance Agency (HKQAA) is dedicated to promoting good management practices and helping industries in the development of quality, sustainable, and responsible investments.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Cathay United Bank Hong Kong Branch Wins Two Major Accolades at The Asset's Triple A Sustainable Infrastructure Awards

BEIJING, Jan. 11, 2026 /PRNewswire/ -- On December 29, the "Forging the Path to National Strength: China's Manufacturing Achievements Under the 14th Five-Year Plan," jointly organized by the National Museum of China and the Ministry of Industry and Information Technology, officially opened at the National Museum of China, showcasing more than 300 top national achievements. GAC's "National Outstanding Engineer Team" successfully developed both the Magazine Battery and the Solid-State Battery, which were selected for the exhibition.

The GAC Magazine Battery is the first battery system to pass both the nail penetration no-flame and non-ignition safety tests. By utilizing ultra-high intrinsic safety cells, an all-weather "vehicle-end + cloud-based" active safety monitoring system, and a multi-dimensional safety protection system, the Magazine Battery achieves three layers of protection: core, active, and passive. Its safety performance far exceeds the electric vehicles traction battery safety requirements (GB38031-2025), which will take effect on July 1, 2026. Currently, the Magazine Battery has a cumulative deployment of 1.3 million vehicles with zero spontaneous combustion and over 50 billion kilometers of safe travel, providing users with robust safety assurance for every journey.

GAC's self-developed large-capacity solid-state battery has achieved an energy density exceeding 400 Wh/kg and easily passes rigorous safety tests such as 200°C thermal chamber and nail penetration tests, effectively addressing users' range anxiety and safety concerns. Innovations in materials and processes have placed the solid-state battery at the forefront of the industry in key indicators such as safety, energy density, and cycle life, providing a superior power solution for the future development of NEVs. Currently, a pilot production line for GAC's solid-state battery has been established, capable of mass-producing vehicle-grade solid-state batteries over 60 Ah, marking a critical step toward the goal of full vehicle integration by 2026.

Over the years, GAC has been steadily enhancing its competitiveness through innovations across intelligent connectivity, NEV powertrains technologies, and forward-looking technologies. Looking ahead, GAC will continue to deepen its efforts in the intelligent connected NEV field, leveraging more leading technological achievements to drive industry progress.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

GAC Magazine Battery and Solid-State Battery Win Top National Honor