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

TAIPEI, July 7, 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) 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.

** 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

GUANGZHOU, China, Jan. 11, 2026 /PRNewswire/ -- Recently, GAC's independently developed Quark E-Drive power domain control system has achieved the world's first dual certification for deeply integrated ASIL D functional safety and information security, accredited by DAkkS, Germany's national accreditation body. The certification was evaluated and issued by SGS-CSTC Standards Technical Services Co., Ltd. (SGS), a globally recognized certification authority.

ISO 26262 is the internationally recognized core standard for automotive functional safety. Within this framework, ASIL D represents the highest automotive safety integrity level, requiring near-zero tolerance for safety-critical failures. Achieving an ASIL D certification accredited by DAkkS signifies that the certified product meets the highest globally accepted standards for automotive safety.

The certified Quark E-Drive power domain control system has been in production use since February 2025, and is now deployed across multiple models under GAC's brands - HYPTEC and AION. As the industry's first electric drive power domain system based on deep integration using a single main control chip, the solution significantly reduces chip count, minimizes risks associated with chip-level failures, and boosts motor controller efficiency to as high as 99.9%. The certification confirms that GAC has completed the system's full product development lifecycle in strict compliance with ISO 26262:2018 functional safety and ISO/SAE 21434:2021 information security standards.

Throughout the project, GAC Technology Research Center worked closely with SGS experts, strengthening safety design across all development phases while ensuring engineering feasibility and an optimal user experience.

Zhao Hui, Vice President of SGS China, commented: "The successful certification highlights GAC's strong team and robust development systems. We are pleased to support the safety of the Quark E-Drive and look forward to closer collaboration."

This milestone represents a major breakthrough for GAC in e-drive safety and sets a new global benchmark for the intelligent electric vehicle industry.

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

GAC's Quark Electric Drive Achieves the World's First DAkkS ASIL D Functional Safety and Information Security Dual Certification