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Hua Xia BankChina

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-05-24 11:19:52
Contact:

Yu Xiaogang, Founder of Green Watershed

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-05-24 11:19:52
Contact:

Yu Xiaogang, Founder of Green Watershed

Bank info
BankTrack campaigns
All
About
Website http://www.hxb.com.cn/home/en/
Headquarters
Hua Xia Bank Plaza, No.22 Jianguomennei Street, Dongcheng District
100005 Beijing
China
CEO/chair Jian Wu
Chairman
Supervisor
Ownership
listed on Shanghai Stock Exchange

Partially State Owned. Deutsche Bank has an equity stake of nearly 20% in Hua Xia bank.

Hua Xia is a state-controlled bank which began its operations in 1992 in Beijing.  In 1995 it underwent restructuring and transformed itself into a country-wide joint stock commercial bank.  In 2003 Hua Xia bank became the fifth Chinese bank to be publicly listed on the Shanghai Stock Exchange.  By 2008, the bank had created an extensive network of office branches throughout China and overseas.  The bank provides a variety of personal and corporate banking services, and engages in activities such as credit analysis and asset assurance.  

Sustainability
Policies
Voluntary standards

The bank declared in its CSR policy improvements listed below. You can find policy texts under "Documents" section if the bank has disclosed any of them.

2008

None

 

2009

None

 

2010

The Bank:

 

  • Established “Huaxia Bank Compliance Risk Management Procedures”, clearly defining the bank's risk management goals and refining compliance risk management requirements.
  • Prepared “Huaxia Bank Compliance Manual”.

 

 

2011

None

 

2012

As a guide for the future development of the long-term, strategic direction of green credit business, the preparation and implementation of the "China Green Credit Bank Guidelines" actively promotes green credit, cutting wasteful consumption, and efficient and sustainable operations. In 2012, Nanning Branch, along with other regional branches, drafted the "Nanning Branch of Huaxia Bank Green Credit Product Guide."

 

Hua Xia Bank has committed itself to the following voluntary standards:
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Dodgy Deals

Hua Xia Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Hua Xia Bank's link to these deals.

Projects / Companies
Finance type
Year
News
Resources
Documents
Links

2013 Annual Report

Annual report
2015-03-20 00:00:00 | Hua Xia Bank

Going out, but going green?

Assessing the implementation of China's Green Credit Guidelines
BankTrack publication
2014-11-25 00:00:00 | BankTrack, Friends of the Earth US

Green Credit Footprint of Chinese banks (2008-2012)

-Chinese version-
NGO document
2013-11-25 00:00:00 | Green Watershed

Annual Report 2012 （Chinese）

Annual report
2013-04-24 00:00:00 | Hua Xia Bank

Corporate Social Responsibility Report 2012 (Chinese)

Annual report
2013-04-24 00:00:00 | Hua Xia Bank

Letter from BankTrack et al. to various financial institutions on APP

Correspondence
2012-11-06 00:00:00 | BankTrack et al.

CSR Report 2011 (Chinese)

Annual report
2012-06-14 00:00:00

Environmental Report on Chinese Banks (2011)

-Chinese version-
NGO document
2012-04-18 00:00:00 | Green Watershed

Executive Summary of Environmental Report on Chinese Banks (2011)

NGO document
2012-03-28 00:00:00 | Green Watershed

Annual Report 2011 (Chinese)

Annual report
2012-03-23 00:00:00

Notice of the CBRC on Issuing the Green Credit Guidelines

Other bank document
2012-02-24 00:00:00 | China Banking Regulatory Commission

民间环保组织就陆良化工铬污染事件致16家中资上市银行的公开信（Chinese）

Correspondence
2011-08-29 00:00:00 | Green Watershed

An Open Letter from a Coalition of Environmental NGOs to 16 Chinese banks Regarding the Chromium Pollution Incident in Luliang(English)

Correspondence
2011-08-29 00:00:00 | Green Watershed

Annual Report 2010

Annual report
2011-06-17 00:00:00 | Hua Xia Bank

Annual Report 2009

Annual report
2010-07-09 00:00:00 | Hua Xia Bank
Accountability

This page evaluates Hua Xia Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Climate

Banks and Climate

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Hua Xia Bank’s fossil fuel policy below.

Assessment of Hua Xia Bank's coal policy in the Coal Policy Tool

Assessment of Hua Xia Bank's policies in the Oil & Gas Policy Tracker
Banks and Nature

Banks and Nature

Hua Xia Bank’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 0.2 out of 10 and ranking it as a laggard. Hua Xia Bank achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 0 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed Hua Xia Bank’s policies related to the pulp and paper sector. 

Between 2016 and 2022, Hua Xia Bank provided USD 40 million in credit to companies operating in these forest-risk sectors. For more information, see the links below. 

Forests & Finance

Banks and beef

Banks and palm oil

Banks and pulp & paper

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Hua Xia Bank
2022-09-27
CHN
0.2
Laggard 0.2
Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Hua Xia Bank
2022-09-29
CHN
0
Laggard 0
Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Hua Xia Bank
2022-09-29
CHN
0
Laggard 0
Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Banks and Steel

Banks and Steel

According to a report by Reclaim Finance, between 2016 and June 2023, Hua Xia Bank provided $6.2 billion in finance to the fossil-steel industry, making it the 18th largest financier worldwide. Find further details on Hua Xia Bank's steel financing and how it compares to other large banks globally in the report. 

Steeling our future: The banks propping up coal-based steel
Good Moves

Good moves

Year: