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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This profile is no longer actively maintained, with the information now possibly out of date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
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This profile is no longer actively maintained, with the information now possibly out of date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
Yu Xiaogang, Founder of Green Watershed
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:
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
Resources
Documents
Links
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.
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.
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
0
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
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
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.
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