2022 is the 25th anniversary of Hong Kong’s return to mainland China. Today, with an efficient and perfect market system, a mature and effective judicial system and favorable financial, commercial and cultural atmospheres, Hong Kong has become a major center for the free exchange of RMB and other main currencies of the world, and more importantly, a vital hub for economic and cultural exchanges between the East and the West. As an enterprise registered and listed in Hong Kong, Far East horizon has made a conspicuous figure in the international market as Hong Kong’s economy takes off, contributing its strength to the development of real industry. 

 

 

 

 

As leader of China’s financial lease industry, Far East Horizon is among the first batch of companies to construct a global resource acquisition system in the industry. Over a decade ago, for the international capital market, China’s financial lease industry was still an emerging type of financing business. Backed by the mainland and facing the world, Hong Kong, the world’s third largest financial center, has undoubtedly provided particularly favorable location advantages for Far East Horizon’s debut on the international arena. 

 

 

A good wind depends on force, and fire is the test of gold. In March, 2011, on the eve of Far East Horizon’s listing, a magnitude-9.0 earthquake hit Japan, and a tsunami triggered the Fukushima nuclear leak. As a result, panic set in, causing the downturn of the global stock market. 

 

Based on its absolute confidence in the Company’s development, the management level of Far East Horizon insisted on not lowering the issuing price range and not delaying the road show. Eventually, with its quality assets and sufficient roadshow preparation, the Company’s stock was oversubscribed by 3.86 times! On March 30, 2011, Far East Horizon was officially listed on the Main Board of Hong Kong Stock Exchange with the stock code 03360.HK.

 

Far East Horizon’s act was in sharp contrast to other companies’ sudden braking and delay of listing. On that day, “Far East Horizon’s Fearless IPO Despite the Stock Market Crash” hit the headlines of many Hong Kong media. Right from the start since its debut on the international capital market, Far East Horizon has established an image as an extraordinary enterprise going against the current.

 

 

 

Picture:Far East Horizon’s Listing on the Main Board of the Hong Kong Stock Exchange

 

Starting from its listing, Far East Horizon has entered the whole-new stage of “integration of global resources” with a globalized, market-oriented and pluralistic shareholder structure, significantly enhanced resource support capacity, and optimized corporate governance structure and talent recruitment. The Company gradually attracted the attention and participation of quality institutional investors around the globe. 

 

Thriving on the fertile soil of Hong Kong, Far East Horizon has hit many fund-raising milestones one after another—

 

In 2011, Far East Horizon issued 1.125 billion yuan of dim sum bonds, thus ，marching into the international issue market. 

 

In 2021, Far East Horizon established its overseas Medium-Term Note (MTN) Program in the amount of USD 1 billion. After years of development, the amount of its MTN Program has grown to USD 4 billion by now. 

    
In November 2017, Far East Horizon issued 4 billion US dollars of subordinated perpetual bonds. This product can be defined as equity from the perspectives of both rating and accounting. As an important innovation and breakthrough of the Company’s funding mode as well as the first subordinated perpetual bonds issued by a non-licensed financial institution in Asia, its significance is monumental. 

 

In November 2017, Far East Horizon issued an overseas dual-currency syndicated loan equivalent to 800 million US dollars, which was the Company’s largest single debt financing project issued in Hong Kong since its establishment. Furthermore, its amount was greater than any other single syndicated financing by similar non-financial enterprises in the international market at the time.

 

In March 2018, Far East Horizon successfully signed a three-year syndicated loan agreement in the amount of USD 1.125 billion in Hong Kong with 18 overseas banks, which refreshed the Company’s records of the greatest amount of single financing. 

 

In June 2019, Far East Horizon issued an overseas syndicated loan of 1 billion US dollars. This time, the syndicated loan was financed from overseas institutions and oversubscribed by 2 times. 

 

In February 2020, Far East Horizon issued 300 million US dollars of 5-year senior fixed-rate bonds. At that time, the issuance window fluctuated markedly due to the impact of COVID-19. Nevertheless, with the strong brand influence of Far East Horizon and its selection of a reasonable issuance window, its bonds were subscripted enthusiastically by main investors in the market, and the final price was substantially reduced by 40 base points than the initial price guidance. 

 

In June 2020, Far East Horizon issued 300 million US dollars of convertible bonds. The issuance of its first convertible bonds were subscripted eagerly by quality investors in the market, hitting a new milestone of Far East Horizon in the acquisition of global resources. 

 

In August 2020, Far East Horizon issued an overseas syndicated loan equivalent to USD 1.29 billion, which refreshed the records of its largest single financing amount.

 

In February 2021, Far East Horizon issued 1.7 billion yuan of dim sum bonds, which was the largest amount of single overseas dim sum bonds issued in the industry that year. 

 

In March 2021, Far East Horizon issued an overseas syndicated loan equivalent to 1.004 billion US dollars.

 

In June 2021, Far East Horizon issued a green club loan of 450 million US dollars, which was the first green club loan in the Company’s history and marked a milestone for green financing.

 

In June 2022, Far East Horizon successfully issued yet another syndicated loan in the amount of USD 980 million.

 

 

Picture:Far East Horizon’s Frequent Exchanges and Interactions with International Financial Institutions

 

With the constant improvement of the recognition of Far East Horizon in the international market, the company has successfully organized multiple large-size overseas syndicated loans, and succeeded in the issuance of bonds of various categories in multiple currencies, the currency types including HKD, SGD, AUD and CNY and the bond categories covering senior dollar bond, perpetual bond, convertible bond, etc.

 

 

Today, Far East Horizon has grown into a conglomerate spanning across finance and industry, with asset size exceeding 300 billion yuan. It provides integrated financial services including financial lease, commercial factoring, overseas business, infrastructure investment, equity investment, inclusive finance and assets business, meanwhile conducting operations in industries including equipment operation, hospital operation, health care for the elderly and education. 

 

Based in Hong Kong, Far East Horizon actively devotes itself to China’s economic development, with operation centers established in Shanghai and Tianjin and offices set up in nearly 30 core cities. Having served more than 200,00 clients accumulatively with a combined total of over 1000 billion yuan invested in real economy, Far East Horizon has become a bridge that connects China with the world and links up Hong Kong, Shanghai and Tianjin.

 

It is known to all that industry development is the cornerstone of national power, and finance plays an important role in providing steady support; by integrating “financing” with “leasing,” financial lease products can give an innovative play to the effectiveness of finance in supporting real economy. 

 

Located at Jiangmen—an important node city of the Guangdong-Hong Kong-Macao Greater Bay Area, Huajin International Holdings (02738.HK) is the largest cold-rolled sheet and galvanized sheet manufacturing enterprise in Guangdong Province. With an annual shipment of nearly 1 million tons, its products are widely used in fields including home appliances, automobile, furniture and lighting, and sold throughout various regions such as Europe, America, Southeast Asia and the Middle East.

 

The rapid expansion of the Company’s scale and the transformation and upgrade of the domestic industry have demanded Huajin International Holdings to explore more financing channels and enrich financing means. Since 2019, Far East Horizon has customized an innovative financing plan for Huajin International Holdings based on its characteristics including a large proportion of production equipment in fixed assets and more than 1000 downstream clients, breaking through the conventional financial channel relying on land and plants. In early 2021, with the surge in bulk raw material price, plus the need to expand the production of its new base by 500,000 tons, Huajin International Holdings urgently needed to replenish its working capital. 

 

According to its in-depth knowledge of the client’s characteristics based on years of cooperation, Far East Horizon utilized financial lease products to revitalize existing fixed assets, meanwhile accelerating the recycling of funds with factoring products. Thus, facing the dual impacts of COVID-19 and the surge in raw material price, Huajin International Holdings achieved remarkable performance including over 85% of increase in sales revenue and a 70% growth of net profit despite the unfavorable situation in 2021. Due to a flexible and effective use of financial products and professionalism and dedication in services, Far East Horizon is highly recognized by its clients.  

 

 

Adhering to the philosophy of “serving industrial upgrades and city upgrades,” Far East Horizon’s hard working in the Guangdong-Hong Kong-Macao Greater Bay Area has yielded positive results. Starting form 2021, Far East Horizon has begun in-depth cooperation with Guangzhou Development District SCI Group. With focuses on main business including new-generation information industry, construction industry and urban renewal and development, asset and park investment, operation and management services and environmental governance for over 30 years and asset size reaching 117.4 billion yuan, Guangzhou Development District SCI Group has become one of the most vibrant and influential large-sized enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area.

 

In addition to about a hundred million yuan of funds provided with innovative financing products in finance, Far East Horizon also offers entity operation services for the commercial projects of SCI Group. On the basis of its efficient financial service ability and professional asset operation ability, Far East Horizon services clients with integrated products and services throughout the chain. The relevant person in charge of SCI Group expressed that SCI Group happens to coincide with the industry-leading conglomerate Far East Horizon on its “finance + industry” strategy and operation philosophy. 

 

Indeed, with dedication to and a foothold in real economy, Far East Horizon is not only a financial service provider knowing all about industry client needs, but more importantly a hardcore participator truly devoted to industry, with competitive advantages established to differentiate itself from other financial institutions. Thus, numerous clients have strengthened cooperation with Far East Horizon with trust confidence and in a win-win future. 

 

 

In industry cooperation, Far East Horizon has Horizon Construction Development—a subsidiary platform for integrated equipment operation services listed among the global top 100. Horizon Construction Development has participated in national and even world-class mega projects including the Hong Kong-Zhuhai-Macao Bridge, the Colombo Airport (Sri Lanka), the National Stadium (Bird’s Nest) and the National Exhibition and Convention Center (Shanghai). In the construction of the Hong Kong-Zhuhai-Macao Bridge, Horizon Construction Development provided a perfect aerial work solution and put in nearly 1000 aerial work platforms to guarantee smooth construction 24/7.  

 

In the “Global Top 50 Rental Companies of Aerial Work Machinery of 2021” released by the internationally renowned industry evaluation institute KHL Group, Horizon Construction Development ranked first in Asia and forth globally. Also, it made it to the Top 10 list with the highest annual growth rate, attracting much attention from practitioners throughout the world.

 

 

 

With “gathering global resources to help Chinese enterprises” as its mission, Far East Horizon has formed its unique “finance + industry” business mode, and integrated quality resources including funds, capital, industry, technology and intelligence around the globe. Devoted to serving industry client needs, it continues to innovate service means and service connotations, and provides all-round support for the development of clients with the organic integration of financial resources and industrial resources, accompanying bricks-and-mortar enterprises to grow from weak to strong, from big to superior, and from regional to global.