DBS Hong Kong and Goldwind launch its first supplier payment services
Hong Kong, 20 Mar 2025 -
DBS Bank (Hong Kong) Limited (“DBS Hong Kong”)
announced the successful activation of its first Supplier Payment Services (“SPS”) amounting to USD50 million
with
Goldwind International Holdings Limited (“GIHL”)
, a sole strategic offshore trading arm wholly owned by Goldwind Science & Technology Co., Ltd. (“Goldwind”) which is dually listed in Hong Kong and Shenzhen and a leader in wind turbine generator manufacturing and renewable energy sector. The transaction highlights a significant achievement in facilitating innovative financing solutions on renewable energy sector innovations.
Leveraging strategic collaborations between Hong Kong and Mainland China, DBS Hong Kong were able to successfully onboard GIHL and the suppliers onto the digital platform and followed by the first transaction. This comprehensive engagement has enabled DBS Hong Kong to provide robust digital support and onboard the platform, ensuring a fast turnaround and seamless experience for all stakeholders. The fully digital set up also allows GIHL to include more suppliers from around the world given their global presence.
The SPS programme offers a “selective financing” feature, providing GIHL’s suppliers with unparalleled flexibility and tailored funding support to maximise their cashflow efficiency. By joining the SPS program, GIHL’s suppliers can optimise their cash conversion cycles and unlock greater financial agility. Through early payment for their goods or projects, these suppliers can focus on core business priorities with enhanced financial resilience.
Jolynn Wong, Managing Director and Head of Global Transaction Services, DBS Bank Hong Kong
, said, “Collaboration between Hong Kong and Mainland China has been instrumental in this achievement. As we strengthen our ties across Asia, we are dedicated to enhancing our digital capabilities and fostering partnerships that unlock new opportunities in sustainable future across the border.”
Boris Chan, Managing Director and Head of Institutional Banking Group, DBS Bank Hong Kong
, said, “This transaction highlights DBS Hong Kong in delivering innovative financing solutions to support the growth of leading renewable energy companies like GIHL. Looking ahead, we anticipate more transactions in 2025 and hope to support more corporates to drive positive environmental impact.”
Melody Meng, General Manager of Finance Dept., GIHL
, said, “This milestone underscores GIHL’s unwavering commitments to driving sustainable growth and innovation in the renewable energy industry. We look forward to collaborating with DBS Hong Kong to enhance our ecosystem through strengthening our financing solutions.”
This collaboration is a testament to our goal on further advancing the renewable energy sector through innovative financing solutions. DBS Hong Kong is committed to fostering long-term partnerships that drive positive impact and contribute to a more sustainable future.
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About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “
World’s Best Bank
” by Global Finance, “
World’s Best Bank
” by Euromoney and “
Global Bank of the Year
” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “
World’s Best Digital Bank
” by Euromoney and the world’s “
Most Innovative in Digital Banking
” by The Banker. In addition, DBS has been accorded the “
Safest Bank in Asia
“ award by Global Finance for 16 consecutive years from 2009 to 2024.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit
www.dbs.com
.
About
Goldwind International Holdings Limited
Goldwind International Holdings Limited (referred to as "Goldwind International") is a wholly-owned subsidiary of Goldwind Science & Technology Co., Ltd. (referred to as "Goldwind Technology"). Established in 2013 and headquartered in Hong Kong, Goldwind International serves as the international business platform of Goldwind Technology. The company focuses on the investment, development, construction, and operation of wind power projects, with its business spanning across Asia, Europe, the Americas, Africa, and Oceania.
Goldwind International develops, constructs, and operates wind power projects globally, covering both onshore and offshore wind power projects. The company has accumulated extensive experience in wind power projects across multiple international markets. Leveraging the research and development capabilities of Goldwind, Goldwind International possesses advanced wind power technology. With a team that has a global perspective and professional expertise, Goldwind International is well-equipped to effectively address challenges in the global market. The company is committed to promoting the development of clean energy, actively participating in global carbon reduction initiatives, and contributing to the achievement of carbon neutrality goals.
DBS Bank Ltd | 12 Marina Boulevard, DBS Asia Central @ Marina Bay Financial Centre Tower 3,
Singapore 018982 | Co. Reg. No. 196800306E
Tel: 65.6878 8888 | www.dbs.com
