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SHKP celebrates the 25th anniversary of Hong Kong’s Return to the Motherland
Sharing the joy of celebration with the public through 10 major events

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To celebrate the 25th anniversary of Hong Kong’s return to the motherland, Sun Hung Kai Properties Limited (SHKP) is rolling out a series of celebration events to start a new chapter for Hong Kong together.

SHKP Chairman and Managing Director Raymond Kwok said: “This year marks the 25th anniversary of Hong Kong’s return to the motherland, as well as the 50th anniversary of SHKP’s public listing in Hong Kong. Over the past few decades, SHKP has put its long-standing belief of Building Homes with Heart into practice by developing premium properties and providing the public with quality products and service, helping Hong Kong become an international centre for finance, innovation and technology. With the country being Hong Kong’s strongest backer, SHKP is fully confident in the future of Hong Kong and firmly believes that the city will surely start a new chapter of prosperity and stability under the leadership of the new Hong Kong Special Administrative Region government.”

The Group is organizing or sponsoring 10 major celebration events, most of which have already been accredited as official events for the celebration of the 25th anniversary. The events are of two main types: celebratory message displays of the 25th anniversary of Hong Kong’s return to the motherland, and events engaging different groups of people.

Displaying Messages to Celebrate the HKSAR’s 25th Anniversary

  1. The Group is featuring festive light decorations to celebrate the 25th anniversary of Hong Kong’s return to the motherland on the facades of three iconic buildings on both sides of Victoria Harbour: ICC, Hong Kong’s tallest building; Sun Hung Kai Centre, which is SHKP’s headquarters, and Central Plaza, co-developed with the Sino Group.
  2. The Group is hanging giant celebration banners at its properties in Wan Chai and Central, including IFC mall, Sun Hung Kai Centre, Harbour Centre and Central Plaza, and in conspicuous areas near the buildings.
  3. The Group has produced promotional videos to celebrate the anniversary, which are being broadcast in 16 SHKP shopping malls and on SHKP’s official website.
  4. Since early June, 16 SHKP malls have been showing the video of the HKSAR 25th anniversary theme song Heading Forward.

Organizing various activities to celebrate with the public

  1. The Group is sponsoring a significant celebration event titled ‘Better Than Ever—Art Exhibition by Renowned Artists in Celebration of the 25th Anniversary of Hong Kong’s Return to the Motherland’. The exhibition, which started on 25 June and is being held at SHKP’s Sky100 Hong Kong Observation Deck, features original works by Qi Baishi and over 20 contemporary art masters. The exhibition will be open for public viewing from 4 to 13 July. Registration details will be announced in early July.
  2. The SHKP Reading Club’s annual summer flagship programme Read to Dream will organize a series of activities to celebrate the anniversary. The activities will enhance Hong Kong youngsters’ knowledge of cultural and technology developments in the past 25 years and encourage them to learn more about Hong Kong and the motherland through reading.  They will also be encouraged to pursue their dreams and contribute to Hong Kong and the country.
  3. The Group will co-organize the Future Engineer Grand Challenge with the Hong Kong STEM Education Alliance. With the theme on ‘Innovation and Technology Ideas for Improving School Life’, the competition seeks to promote STEM education among young people and encourages students to unleash their creativity to enhance their learning and school life.
  4. The Group is sponsoring the publication of a children illustration book which marks the HKSAR 25th anniversary and shows Hong Kong’s key landmarks over the past 25 years.  The Group will organize outreach seminars and games in kindergartens and primary schools to enable students to learn more about the Hong Kong landmarks and related interesting stories. 
  5. The Group produced the world’s first sky100 x nanoblock Hong Kong Skyline model, which uses micro-sized building blocks to build the world-famous skyline comprising Hong Kong’s iconic skyscrapers, with ICC being the tallest. The skyline symbolizes the prosperous development of Hong Kong in the past 25 years since its return to the motherland. 
  6. The Group is actively planning the Sun Hung Kai Properties Hong Kong Cyclothon and SHKP Vertical Run for Charity – Race to Hong Kong ICC to promote the Sports for Charity spirit. Both events will set up special races to celebrate the 25th anniversary. Details of the events will be announced in due course.  

SHKP Charitable Fund sponsors 
“Better Than Ever—Art Exhibition by Renowned Artists in Celebration of the 25th Anniversary of Hong Kong’s Return to the Motherland”
featuring famous works of Qi Baishi and other masters

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To celebrate the 25th Anniversary of Hong Kong’s Return to the Motherland, the Sun Hung Kai Properties Charitable Fund is proud and honoured to be a key sponsor of the celebration event “Better Than Ever—Art Exhibition by Renowned Artists in Celebration of the 25th Anniversary of Hong Kong’s Return to the Motherland”. Works of more than 20 renowned artists including Qi Baishi will be exhibited at sky100, a subsidiary of Sun Hung Kai Properties. Members of the public can savour the charms of traditional Chinese culture at the highest indoor observation deck in Hong Kong.

The exhibition will feature top-notch works by painting masters, as well as dozens of contemporary artworks. They include classics of 20th century Chinese art, such as Shrimps (Qi Baishi), Autumn (Lin Fengmian), A Painting to be Completed for Land of Splendours (Fu Baoshi), An Epitome of Picturesque Xiaolongqiu Waterfall (Pan Tianshou), Tame Ox is also Stubborn (Li Keran), and Quiet and Secluded Qingcheng Mountain (Wu Guanzhong).

The exhibition is hosted by Bauhinia Culture Group Co., Ltd., organized by the Hong Kong Culture Association and Guangdong Federation of Literary and Art Circles, and co-organized by China Arts and Entertainment Group Ltd. and Bauhinia Magazine. China International Exhibition Agency is another sponsor of the exhibition.

The exhibition will be held at sky100 from 25 June to 13 July 2022. The first week (25 June to 2 July) is a preview and open for group visits. An opening ceremony will be held on 3 July, and the general public can visit the exhibition from 3 to 13 July upon prior registration. The Bauhinia Culture Group will announce registration details on 1 July.

The Sun Hung Kai Properties Charitable Fund is sponsoring this exhibition at the memorable moment of the 25th Anniversary of Hong Kong’s Return to the Motherland with an aim to provide the public with an opportunity to appreciate the amazing works of Chinese art masters, which include Qi Baishi, Gao Jianfu, Chen Shuren, Liu Haisu, Pan Tianshou, Lin Fengmian, Fu Baoshi, Zhao Shao’ang, Li Keran, Li Xiongcai, Qi Gong, Guan Shanyue, Yang Shanshen, Jao Tsung-I, and Wu Guanzhong. 

The exhibition consists of four sections: “Tribute to Classics” , which displays the works of Chinese painting masters since the founding of the People’s Republic of China; “Uninterrupted Inheritance of Cultural Context”, which sheds light on the continuation and development of the new-century Chinese artistic and cultural context in the contemporary era; “Impression of the Guangdong-Hong Kong-Macao Greater Bay Area”, which demonstrates the thematic creations by Guangdong and Hong Kong artists against the backdrop of the construction of the Guangdong-Hong Kong-Macao Greater Bay Area; and “Bauhinia in Bloom”, which introduces sensational art creations by young Chinese artists, focusing on the bauhinia as the object. 

The “Better Than Ever—Art Exhibition by Renowned Artists in Celebration of the 25th Anniversary of Hong Kong’s Return to the Motherland” is an accredited celebration event of the 25th Anniversary of the Establishment of the HKSAR.

Exhibition Details
Date: 25 June – 2 July 2022 (Preview – Open for group visits by booking only)
3 July 2022 (Opening Ceremony)
3 July – 13 July 2022 (Open for public visits – Pre-registration is required)
Venue: sky100 Hong Kong Observation Deck (100/F, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong)
Host: Bauhinia Culture Group Co., Ltd.
Organizers: Hong Kong Culture Association
Guangdong Federation of Literary and Art Circles
Co-organizers: China Arts and Entertainment Group Ltd.
Bauhinia Magazine
Sponsors: China International Exhibition Agency
Sun Hung Kai Properties Charitable Fund
Supporting Organizations: Guangzhou Art Academy
Shenzhen Public Culture and Art Center (Shenzhen Art Academy)
TSIKU CHAI
Li Keran Academy of Painting
sky100 Hong Kong Observation Deck

SHKP signs sustainability-linked loan of HK$20.7 billion
Another record-breaking SLL in Hong Kong’s real estate sector

Sun Hung Kai Properties Limited (SHKP) today signed a five-year sustainability-linked loan (SLL) facility with 16 major international and local banks. The credit facility received an overwhelming response from the market, as it was oversubscribed by more than four times. The final size of the syndicated loan came to HK$20.7 billion, making it the largest of its kind for the real estate sector in Hong Kong.

This year’s SLL facility followed last November’s HK$8,650 million SLL for the Group, also a market record at the time. The successful formation of an SLL facility in two consecutive years shows the Group’s commitment to sustainability, as well as the banking industry’s trust in and support for the Group’s work in Environmental, Social and Governance (ESG). 

SHKP Chairman and Managing Director Raymond Kwok said: “SHKP has a firm belief in promoting sustainable development. This credit facility will allow us to better leverage the Group’s resources and advantages to meet more ambitious ESG goals. Despite the challenges arising from the pandemic, we have continued to uphold our belief in Building Homes with Heart and step up our ESG efforts. This, together with our quality products and services, is conducive to making Hong Kong a better place to live and work, and nurture the next generations.”

The Group has been incorporating ESG elements into its business operations to create long-term value for its shareholders and the community as a whole.  To help Hong Kong achieve a low-carbon transition and carbon neutrality, the Group is investing heavily in renewable energy generation. Its major initiatives include building solar farms and installing solar panels in its managed properties, with the Group set to be one of the largest solar panel operators in the city. In addition to constantly enhancing the environmental performance of its existing buildings, the Group targets to obtain LEED Gold or Platinum ratings for its core commercial projects under development. It has also pledged to reduce greenhouse gas emissions intensity and electricity consumption intensity of its major properties by 25% and 13% respectively by the 2029/30 financial year compared to 2019/20.

The Group places equal emphasis on safeguarding the health and well-being of the community. To help the city’s fight against the fifth COVID wave, the Group lent for free two pieces of land to the government to build community isolation facilities and provided space in two office premises as venues for community vaccination. Moreover, the Group is helping meet the short-term housing needs of the underprivileged by leasing a plot of land in Yuen Long to develop United Court, a 1,800-unit transitional housing project, which will officially open this month as Hong Kong’s largest transitional housing development to date.

SHKP’s ESG performance is well recognized by respected organizations and the financial community. The Group has been named one of the top three companies in the Hang Seng Corporate Sustainability Index (1) for three consecutive years and a constituent member of the FTSE4Good Index Series (2) since 2018. In 2022, SHKP received a rating of ‘A’ in the MSCI ESG Ratings assessment (3)

Bank of China (Hong Kong) Limited, The Hongkong & Shanghai Banking Corporation Limited and MUFG Bank, Ltd. will collectively act as sustainability advisors for the SLL facility and advise SHKP on sustainability performance targets. On top of the three advisors, the facility is also backed by Oversea-Chinese Banking Corporation Limited, China Construction Bank (Asia) Corporation Limited, DBS Bank Ltd., Industrial & Commercial Bank of China (Asia) Limited, Hang Seng Bank Limited, Bank of Communications Co., Ltd., Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, Fubon Bank (Hong Kong) Limited, Shanghai Commercial Bank Limited, United Overseas Bank Limited, Citibank, N.A. and Cathay United Bank Co., Ltd. 

Bank of China (Hong Kong) Limited’s (BOCHK) Deputy Chief Executive Wang Bing said: “SHKP is committed to incorporating sustainable building elements into its new development projects and enhancing the environmental performance of its existing buildings. BOCHK is pleased to be appointed as the sustainability advisor for SHKP’s sustainability-linked loan facilities for two consecutive years. Both loans received overwhelming response from the banking community, indicating market’s affirmation and support for SHKP and the development of green finance. BOCHK strives to embed ESG considerations into our daily operations, assisting and encouraging our customers to establish sustainable business models with diversified green finance products and services.”

Jonathan Drew, Managing Director, ESG Solutions, Global Banking, The Hongkong and Shanghai Banking Corporation Limited, said: “HSBC is delighted to be working with SHKP on its latest sustainability-linked loans following its debut in November 2021. The property sector plays a critical role in reducing electricity consumption and improving sustainability metrics across Hong Kong. Issuers like SHKP who set ambitious targets that address these challenges – continue to attract the strongest investor demand.”

Tony Lee, Managing Director and Head of Global Corporate Banking, East Asia of MUFG Bank, said: “SHKP is at the forefront of the development of sustainable cities and communities.  As a global leader in ESG financing, MUFG is extremely pleased to partner with SHKP in deepening its sustainability commitment.  MUFG is privileged to have supported SHKP in this facility as a sustainability advisor, and looks forward to further aligning our efforts to effect positive and meaningful change in Hong Kong and the rest of the region.”

According to the loan agreement, SHKP is entitled to interest savings after meeting a set of predetermined sustainability performance targets as follows:

  • Achieving a continuous increment in the proportion of green office buildings in our portfolio of core completed office buildings (4)
  • Achieving an annual reduction in electricity consumption intensity (ECI, measured in units of kWh/m2)
  • Demonstrating continuous improvement in the S&P Global ESG Scores (5)

The facility was signed by Sun Hung Kai Properties (Financial Services) Limited, with its parent, SHKP, providing a guarantee. It has a 30:70 split between term loan and revolving credit tranches and a maturity of five years. The proceeds will be used for general working capital and ongoing sustainability initiatives. SHKP has the highest credit ratings among property companies in Hong Kong, attaining an A1 and A+ rating with a stable outlook from Moody’s and S&P respectively. 


(1) The Hang Seng Corporate Sustainability Index includes the top 30 Hong Kong-listed companies that perform well on corporate sustainability.  The constituent companies of the index are assessed by the Hong Kong Quality Assurance Agency, an independent and professional assessment body, to ensure the index is objective and reliable.  SHKP attained AAA, the highest rating, in both 2020 and 2021.

(2) FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that SHKP has been independently assessed according to the FTSE4Good criteria and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.

(3) Please refer to the MSCI disclaimer: https://www.shkp.com/html/sustainable-development/mscidisclaimer.html.

(4) Definition of green office buildings: office buildings with LEED Gold or Platinum certification or pre-certification.

(5) The S&P Global ESG Scores (formerly known as the SAM ESG Scores; Dow Jones Sustainability Index scores) is an ESG data set that provides company-, dimension-, and criteria-level scores based on the S&P Global Corporate Sustainability Assessment process, an annual evaluation of companies’ sustainability practices
 

Key Facts and Figures
Underlying Profit
HK$ 14,818 million
(2021/22 Interim Results)
Hong Kong Land Bank
57.8 million square feet
Mainland Land Bank
71.1 million square feet
Hong Kong Retail Space
12.1 million square feet
Hong Kong Office Space
10.4 million square feet
Sustainable Development
Community Investment and Charity
Our Environmental Commitment
Employee Care
Loving Home and Domestic Harmony
Community Investment and Charity
Community Investment and Charity
Our Environmental Commitment
Employee Care
Loving Home and Domestic Harmony
Community Investment and Charity
Community Investment and Charity
Our Environmental Commitment
Our Environmental Commitment
Employee Care
Employee Care
Loving Home and Domestic Harmony
Loving Home and Domestic Harmony