Q&A: Fanglu Wang, Managing Director, CITIC Capital
Published 20th Septmeber 2022
By Kamogelo Motse, Head of Research and Partnerships, Climate Council
During this years Climate Council Disrupt that was held in Dubai in May we got to talk to Citic Capital’s Managing Director, Fanglu Wang.
Fanglu Wang has over 25 years of experience in capital markets, corporate finance, financial engineering and risk management. He has led several major capital raising transactions for the China Ministry of Finance and other major corporations. He was the former Head of Product Marketing and Sales for China at HSBC, a Director in Investment Banking and Debt Capital Markets at Merrill Lynch Asia, a Vice President at Citibank Hong Kong and an Executive Director at Sakura Global Capital.
Fanglu Wang, Managing Director, Citic Capital
What is the most exciting theme you see emerging in the sector?
In the sector of ESG and sustainability related investments what excites my team and I is the number of new and unique technologies that can create immense value for developing economies in Asia by helping them leapfrog to next generation energy and resource efficiency. As we operate extensively in this region, the value added and broad applicability are the most important features that excite us.
In your view what is the biggest challenge the sector is facing right now?
The biggest challenge right now is how to put together complete financial packages for the projects. There is no shortage of debt, there is no shortage of late stage capital, and there seems to be quite a lot of interest in venture capital, and then for capital that can take the developments and constructive risk.
What’s been your key takeaway from Disrupt?
The key takeaway is that ESG and sustainability are a global topic now. The awareness is global, and I really hope these kinds of discussions can happen in other regions, as well. Another takeaway is that the scope now goes way beyond solar and wind, and we are seeing a lot of exciting new technologies in the renewable energy and circular economy space.
Founded in 2002, CITIC Capital is a global alternative investment management and advisory company. The firm manages over $17 billion of capital from a diverse group of international institutional investors. Core businesses include Private Equity, Real Estate, Structured Investment and Finance, Special Situations, and Asset Management.
The firm combines a deep knowledge of the Chinese business and financial markets with world-class investment expertise to create and maximize value for its investors.
Find out more about CITIC Capital's activities here
CLIMATE COUNCIL SOCIAL MEDIA
FOLLOW CLIMATE COUNCIL'S NETWORK
You might also be interested in
Key takeaways and conclusions from Climate Council Disrupt 2022, which took place in Dubai on 17 - 18 May 2022. Download the report here. read more
What does the future hold for the Renewable Energy Industry? As we move into 2022, we surveyed our network to find out their thoughts. read more
An indicator of sectoral strength has often been the quantity and value of M&A activity over an annual period, providing a sense of capital inflows and corporate interest in developing markets. The renewable energy sector has enjoyed year-on-year growth in M&A deals for the past decade, with a slight and expected dip in early 2020. read more
Commitment to environmental issues is influencing deal strategy across the globe and ESG’s momentum shows no sign of slowing down. In a survey conducted by the Financial times at the end of 2020, 83 percent of business leaders said that ESG factors will be increasingly critical to M&A decision making in the next 12-24 months. Whether as a means for dealmakers to identify attractive M&A targets, a way to identify risk in the deal process or a response to government or investor pressure, ESG considerations can no longer be ignored. read more
Global law firm White & Case highlights the steady expansion of climate change disputes, and contemplates what lies ahead. Read More. read more
The Paris Climate Agreement is one of the most defining political acts of the 21st century, a rare global cooperative measure to tackle climate change. read more
Summary: The absence of a clear benchmark for measuring ESG is the main barrier to investment into low-carbon infrastructure
On the 10 September 2020, the Energy Council hosted the fourth webinar in their debate series which posed the question of whether “The absence of a clear benchmark for measuring ESG is the main barrier to investment into low-carbon infrastructure.” read more