Yu Xiaogang, Founder of Green Watershed
Yu Xiaogang, Founder of Green Watershed
| 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.
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:
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 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.
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".
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 200
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 200
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 209
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 209
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 217
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 217
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 220
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 220
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 223
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 223
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
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.
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.
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:
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:
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:
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.
