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HK Bankers Finance Cleaner Production

Hong Kong manufacturers in the Pearl River Delta region will be able to secure financing at favourable terms to implement Cleaner Production as the Hong Kong Productivity Council (HKPC) today (31 January 2008) announces the Green Financing Scheme launched with five major banks in Hong Kong.

Witnessed by Mr Edward Yau, Secretary for the Environment of the HKSAR Government, and the Hon Andrew Leung, Chairman of HKPC, Mr Wilson Fung, Executive Director of HKPC, today signed a collaboration agreement with representatives from Bank of China (Hong Kong) Limited, Dah Sing Bank Limited, Hang Seng Bank Limited, The Bank of East Asia Limited and The Hongkong and Shanghai Banking Corporation Limited.

Introducing the Scheme, Mr Leung said, "The Green Financing Scheme will be win-win for both manufacturers and green groups. On the one hand, companies will be offered preferential loan under the Scheme by participating banks to facilitate their investment in environmental management measures. HKPC experts will provide technical assessments to facilitate banks' approval procedures. On the other hand, for each loan confirmed, participating banks will make a donation to green groups to support their environmental activities. Friends of the Earth, Green Power, The Conservancy Association and WWF Hong Kong are among the green groups to be benefited from this programme."

The Green Financing Scheme is HKPC's latest initiative in support of the HKSAR Government's Cleaner Production Partnership Programme and other environmental projects to reduce emissions and enhance energy efficiency.

For more information about the Scheme, please contact HKPC's Ms Lau at tel. (852) 2788 5367 or email: philomena@hkpc.org. For other media enquiries, please contact Ms Justina Shum at tel. (852) 2788 5895 or email: justina@hkpc.org.

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Mr Alfonso TAM
Principal Consultant (Corporate Services)
Corporate Communications
Website: www.hkpc.org

31 January 2008