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Bank of China Expands Green Finance Into Biodiversity

The transition to a low-carbon economy relies on more than policy commitment. It requires finance that can move at scale, support new technologies and fund projects whose environmental benefits may take years to emerge.

BOC is playing an increasingly significant role in this process, leveraging its leadership in green finance. To meet the needs of green development, BOC continues to enhance its product suite across lending, bonds, consumer finance and integrated services, while further strengthening its global “BOC Green+” brand.

The aim is clear and practical: direct more capital towards energy conservation, carbon reduction, resource efficiency and greener infrastructure – while also helping clients manage environmental and climate risks.

BOC embeds those priorities across credit assessment and approval processes. It also incorporates clients’ ESG risks into end-to-end management, conducts climate-risk stress tests and is advancing carbon accounting. Such attention to governance matters, since green finance can only scale credibly when its objectives are backed by disciplined risk management.

Using the Capital Markets to Widen Participation

Bonds are a key part of BOC’s approach. In 2025, the bank issued RMB30 billion in onshore green bonds and a US$550 million offshore sustainability bond. In the first six months of 2026, BOC had underwritten nearly RMB80 billion of onshore green bonds and just over US$12 billion offshore, ranking second among Chinese banks. Its green bond investment balance reached RMB183 billion.

Recent transactions also highlight how the bank is connecting domestic priorities with global pools of capital.

For example, BOC supported China’s Ministry of Finance with its inaugural RMB6 billion green sovereign bond in London, plus issued the world’s first dual-currency sustainability bond denominated in RMB and sterling.

The bank also arranged the largest offshore RMB syndicated loan for a non-Chinese company, supporting clean-energy procurement and greener supply chains.

From Fundraising to Measurable Outcomes

BOC’s project portfolio illustrates the range of needs green finance can address.

In Fuliang County, an RMB80 million, 10-year BOC loan supports ancient tea-tree conservation and rural development. It has funded a germplasm bank covering 57 local tea varieties, protected 18 ancient tea-tree clusters and is expected to create almost 200 jobs.

In Inner Mongolia, meanwhile, BOC completed China’s first nature-positive commercial ESG-linked loan, with pricing tied to desert forage cultivation and organic milk production. By the end of 2025, the borrower had converted 350,000 mu (a traditional Chinese unit of land area, equal to about 667 square metres) of desert into pasture and planted more than 98 million sand-fixing trees.

Further south, in Suzhou, BOC led a RMB420 million green bond for the operator of Taihu National Wetland Park. The park protects more than 163 hectares, supports carbon sequestration and provided habitat for 182 bird species by the end of 2025.

Together, these cases show how a state-owned bank can translate sustainability policy into investable structures with measurable environmental and economic outcomes. They also demonstrate how green finance is becoming more deeply embedded in the way BOC allocates capital, manages risk and supports development at home and overseas.

Read more about how BOC is advancing green finance to support the global green and low-carbon transition. Click on the logo below.

Bank of China, BOC

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Arab News | Indonesia expands Gulf cultural ties to preserve diverse Muslim heritage

Indonesia is expanding cultural cooperation with Gulf states to preserve the diverse heritage of Muslim societies, the culture minister tells Arab News, as he seeks partnerships in new technologies and creative entrepreneurship to keep it relevant for younger generations.

Minister of Culture Fadli Zon has held talks with Gulf officials in recent months, as part of Indonesia’s effort to strengthen cultural diplomacy. 

This includes meetings with Saudi Minister of Culture Bader bin Abdullah bin Farhan, the Kuwaiti Ambassador to Indonesia Khalid Jassim Al-Yassin, and the Qatari Ambassador to Indonesia Sultan bin Mubarak Saad Al-Dosari.  

“Indonesia and the Gulf countries share an interest in safeguarding heritage while ensuring its relevance to younger generations,” Fadli said.  

“Collaboration in digitization, museum development, heritage management, cultural education, and the use of new technologies can strengthen preservation while supporting tourism, research, and creative entrepreneurship.” 

He envisions deeper cooperation with Gulf partners through more extensive cultural exchange, experience and knowledge sharing, as well as collaborations in the creative economy, ranging from modest fashion, culinary traditions to digital content creation. 

While Indonesia and Gulf countries have “distinct cultural traditions and national experiences,” they are still connected by centuries-long ties, through which further cultural cooperation can serve as “an important platform for sharing the diverse expressions of Muslim societies,” Fadli added. 

He highlighted “strategic, multi-layered initiatives” Jakarta currently has with Gulf nations, including how the visit of Saudi culture minister to Jakarta in April “opened new avenues in joint film co-production, artist residencies, museum innovation and digital cultural” programs and boosted the renewal of their cultural cooperation, following Jakarta and Riyadh’s first such agreement in 2017. 

The two countries are also collaborating under the framework of intangible cultural heritage, including on preserving Arabic calligraphy and the extension of its recognition by UNESCO. 

This year, the world’s largest Muslim-majority country will organize cultural programs with Qatar to celebrate their 50th anniversary of diplomatic relations, with plans to showcase their national stamps. 

In 2025, the culture ministry’s Directorate General of Cultural Diplomacy, Promotion and Cooperation signed an agreement with the Abu Dhabi Arabic Language Center, as Jakarta aims to promote Indonesian literature and arts through major international events held in the UAE. 

In his meetings with the Qatari and Kuwaiti envoys last month, Fadli also proposed talks on bilateral cultural agreements to broaden cooperation in the sector.

“Indonesia is committed to transforming its longstanding historical and spiritual ties with the Gulf into modern, dynamic, and sustainable partnerships … We believe that the relationship between Indonesia and the Gulf can become an important model of cooperation between diverse Muslim societies,” Fadli said. 

“By working together, Indonesia and the Gulf can ensure that culture does more than preserve the memory of our past. It can guide our societies through the challenges of the present and help us shape a more peaceful, inclusive, and humane future.”



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Korea Zinc expands semiconductor-grade sulfuric acid capacity by 14%

1 of 2 | A smelter of Korea Zinc in Ulsan. The company has increased the annual production capacity of semiconductor-grade sulfuric acid by more than 14%. Photo by Korea Zinc

SEOUL, Sept. 2 (UPI) — Korea Zinc said Wednesday that its production capacity for semiconductor-grade sulfuric acid has increased by more than 14% as the country’s two leading chipmakers boost production to meet rising demand.

The world’s largest non-ferrous metals manufacturer noted that it recently built two additional production lines for ultra-high-purity sulfuric acid at its Onsan Smelter in Ulsan, roughly 190 miles southeast of Seoul.

With the two new lines now in full-scale operation, Korea Zinc’s annual production capacity has risen from 280,000 tons to 320,000 tons.

Eventually, Korea Zinc aims to raise its domestic production capacity to 500,000 tons a year. It is also considering installing semiconductor-grade sulfuric acid lines at its planned integrated smelter in the United States.

In cooperation with the U.S. government, Korea Zinc is set to construct the smelter for strategic materials on a 160-acre site in Clarksville, Tenn. Under the $7.4 billion Project Crucible, the facility is expected to start production in 2029.

Korea Zinc said that it supplies more than 60% of South Korea’s demand for semiconductor-grade sulfuric acid. The Asian nation is home to the world’s two largest memory chipmakers, Samsung Electronics and SK hynix.

The corporation said that its product has a purity of more than 99.9999 percent, known as “six nines,” or 6N, purity.

“Through this capacity expansion, we will respond in a timely manner to the operation and ramp-up of key domestic clients’ new manufacturing facilities,” Korea Zinc said in a statement.

“Moving forward, we will phase in additional domestic production capacity in alignment with our clients’ demand and investment timelines. At the same time, we plan to establish a supply base in global markets, including the United States,” it added.

The share price of Korea Zinc fell 3.92% on the Seoul bourse on Wednesday, while the benchmark KOSPI declined 3.99%.

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