In Short : The Asian Development Bank has signed a $100 million loan agreement with Far East Horizon to accelerate transition finance in China. The initiative focuses on supporting industries in shifting toward low-carbon and energy-efficient technologies. By enabling access to sustainable leasing solutions, the partnership aims to reduce emissions and promote greener industrial practices across key sectors of the Chinese economy.
In Detail : BEIJING, PEOPLE’S REPUBLIC OF CHINA — The Asian Development Bank (ADB) and Far East Horizon Limited (FEHORIZON) have signed a CNY709 million ($100 million equivalent) loan to support financial leasing to accelerate the green and low-emission transition of its client enterprises in the People’s Republic of China (PRC).
The financing is ADB’s first transition finance loan in the financial leasing sector. It will help businesses reduce greenhouse gas emissions and contribute to long-term environmental and economic sustainability by expanding access and helping to deploy green technologies, such as smart and flexible energy systems, and high-energy efficiency solutions. The loan proceeds will be deployed through FEHORIZON’s wholly owned subsidiary, International Far Eastern Leasing Co., Limited (IFEL).
“Despite having a conducive policy framework, the PRC faces significant structural challenges in decarbonizing its economy. Inadequate access to transition finance hampers the adoption of cleaner technologies and capital investments essential for improving energy efficiency and reducing emissions,” said ADB Country Director for PRC Asif Cheema. “ADB’s support enhances FEHORIZON’s role as a reliable transition finance provider, offering advisory services on long-term environmental and economic sustainability and addressing challenges that hamper green and low-emission transition among its client enterprises.”
The project will also enhance technical knowledge and skills in sustainable finance among FEHORIZON and its partners, reinforcing systemic capacity to scale up green and transition-aligned investments.
FEHORIZON, listed on the Hong Kong Stock Exchange in 2011, is a diversified conglomerate operating across finance and industrial sectors in the PRC. Financial leasing, through IFEL, is one of the company’s core businesses. Its operations span urban public utilities, engineering construction, culture and tourism, and consumer goods, among other sectors.
ADB has been collaborating with FEHORIZON since 2013, with three prior loans supporting the leasing of clean-fuel buses, improving health care finance in rural PRC, and managing the COVID-19 pandemic.
ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—50 from the region.
